leadf
logo-loader
viewGreatland Gold PLC

Greatland Gold identifies new drill targets at Scallywag prospect

The four new targets, Kraken, Barbossa, Blackbeard and London will be tested in the next field season

Greatland Gold PLC - Greatland Gold identifies new drill targets at Scallywag prospect
Additional surveys are planned at Scallywag in the near future to identify more drilling targets

Greatland Gold PLC (LON:GGP) has identified four new drill targets at its Scallywag prospect in Western Australia following geophysical surveys at the site.

The AIM-listed miner said the four targets, Kraken, Barbossa, Blackbeard and London, had been identified through an induced polarisation (IP) survey across the northern portion of the prospect and will be tested in the next field season.

WATCH: Greatland Gold's Gervaise Heddle outlines new drill targets at Scallywag

Additional IP surveys will also be undertaken at the southern portion of the prospect to identify more potential drilling targets.

“The identification of this first round of high-priority drill targets further reinforces our view regarding the prospectivity of the Scallywag prospect area”, said Greatland’s chief executive Gervaise Heddle.

He added that the new targets also bolstered the company’s view that the Paterson region, where Scallywag is located, holds “multiple tier-one gold-copper deposits”.

In mid-morning trading on Wednesday, Greatland’s shares were down 1.8% at 1.7p.

Quick facts: Greatland Gold PLC

Price: 27 GBX

AIM:GGP
Market: AIM
Market Cap: £1.02 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Greatland Gold PLC named herein, including the promotion by the Company of Greatland Gold PLC in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Mining industry is 'coming out of chaos' and share prices are recovering...

Mining Capital's Alastair Ford joins Proactive London's Katie Pilbeam for an update on the mining industry. Ford says miners are recovering after a tumultuous March which meant many endured crashing share prices. But with silver and gold maintaining their gains and copper and nickel...

1 week, 2 days ago

2 min read