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Greatland Gold identifies multiple drilling targets at Paterson Range East

The explorer said that its ground gravity survey has helped it identify eight high-priority drilling targets

Greatland Gold PLC -
Greatland has six gold exploration and development projects across Western Australia and Tasmania

Greatland Gold PLC (LON:GGP) has identified multiple targets at its Paterson Range East licence in Western Australia following geophysical surveys at the site.

In an update on Wednesday, the explorer revealed that a comprehensive ground gravity survey had been carried out, and the results were modelled in conjunction with previous data from an airborne magnetic survey.

WATCH: Greatland Gold identifies multiple targets at Paterson Range East

Greatland said Paterson boasts eight high-priority drilling targets, led by Goliath, which showed a very large amplitude gravity anomaly semi-coinciding with the magnetic anomaly and a structurally well-positioned high-intensity magnetic target known as Los Diablos.

The wholly-owned Paterson Range East license lies approximately 25 kilometres north of the company's Havieron gold-copper prospect, which is already showing impressive gold mineralisation at a depth of 950 metres.

Gervaise Heddle, chief executive officer, said the study proved Paterson’s “outstanding potential to host tier-one gold-copper deposits”, adding that the Los Diablos and Prefect targets share very similar geophysical characteristics to Havieron.

“We look forward to advancing this exciting set of opportunities as we continue to accelerate our exploration activities in the Paterson region," Heddle added.

Greatland continues to progress six gold exploration and development projects across Western Australia and Tasmania.

Quick facts: Greatland Gold PLC

Price: 13.5 GBX

Market: AIM
Market Cap: £509.63 m

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