In a statement, the firm said the programme consists in diamond drilling two holes to a depth of 125 metres each, with the purpose of identifying if there are similarities between the style of mineralisation at Derby North and the gold finds in the state of Victoria.
The group said the data will help to evaluate the project in terms of a potential sale, in line with the AIM-listed miner’s strategy to divest non-core assets and focus on those assets delivering value in the medium term.
Previous surface rock chip sampling followed by reverse circulation drilling returned results including intervals at 103.25 grams per tonne (g/t) and 3.05 g/t of gold, the group added.
Greatland's chief executive Gervaise Heddle commented in the release: “We are pleased to have commenced a targeted, low-cost drilling programme at Warrentinna which aims to provide us with valuable information regarding the style of mineralisation and will assist in evaluating the potential of the project.”
“The drill core and associated data will be assessed to determine whether the style of mineralisation at Warrentinna is similar to that seen in the central Victorian goldfields, a world-class gold province,” he added.