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Greatland Gold identifies high-priority exploration targets at Paterson Range East

Chief executive Gervaise Heddle said Greatland Gold is "very pleased" with the "encouraging data" collected from the survey

The licence is located about 25 kilometres north of the Havieron prospect

Greatland Gold PLC (LON:GGP) said it has identified numerous high-priority exploration targets at Paterson Range East after conducting a aeromagnetic survey over the licence area.

The miner’s wholly-owned Paterson Range East licence, E45/4928, is located about 25 kilometres north of its Havieron gold-copper prospect in Western Australia.

Greatland said new aeromagnetic data collected across the licence has successfully found and defined targets with a “similar magnetic signature” to Havieron.

READ: Greatland Gold kicks off Black Hills drill programme

The group added that modelling of these targets is underway. The targets will be subject to detailed, grid-based ground gravity and surface geochemical work.

Comprehensive ground gravity and surface geochemistry is expected to start in August before being subject to further modelling and follow-up work, which could include induced polarisation or electromagnetic geophysical surveys, ahead of drilling testing.

"The combination of a focused suite of geophysical and geochemical tools provides us with a fast, effective and relatively low-cost method to screen for high-priority targets over a large area,” said chief executive Gervaise Heddle.

“We look forward to providing more detail on our exploration activities at Paterson Range East as the programme progresses."

Quick facts: Greatland Gold PLC

Price: 1.66 GBX

Market: AIM
Market Cap: £59.38 m

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