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Greatland Gold's drilling confirms near-surface gold with some high grades

“The results from our drilling and geophysical work at Black Hills further highlight the exceptional prospectivity of the Paterson region, which continues to draw in major resource players to the underexplored province”

Greatland Gold PLC -
Greatland chief executive Gervaise Heddle also called the drill results “exciting”

Greatland Gold PLC (LON:GGP) said drilling results confirm the presence of a near-surface gold system, including some high-grade gold mineralisation at its Black Hills licence in Western Australia.

A programme of reverse circulation drilling at Black Hills confirmed the presence of high-grade gold mineralisation at the Saddle Reefs prospect, with best results including 13 metres (m) at 2.01 grammes per tonne (g/t) of gold from 67m depth, including 2m at 7.38 g/t from 77m.

READ: Numis sees greater things to come from Greatland Gold 

There was also 12m at 1.38 g/t of gold from 32m, including 1m at 10.96 g/t from 35m, plus 36m at 0.35 g/t from the surface, 19m at 0.51 g/t from 118m.

Greatland chief executive Gervaise Heddle called the drill results “exciting” and said the company’s “systematic exploration approach” had also generated further targets across the region that have not been tested by historic drilling.

This referred to recent ground gravity surveys that have identified three new geophysical targets, with Parlay and Black Hills North in the Black Hills licence and Black Hills South in the adjoining Havieron licence.

“The results from our drilling and geophysical work at Black Hills further highlight the exceptional prospectivity of the Paterson region, which continues to draw in major resource players to the underexplored province,” Heddle said.

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Price: 1.645 GBX

AIM:GGP
Market: AIM
Market Cap: £58.85 m
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Full interview: Drilling at Greatland Gold's Havieron project 'continues to...

Greatland Gold PLC’s (LON:GGP) Gervaise Heddle and Callum Baxter caught up with Proactive London's Andrew Scott after announcing further results from drilling by Australian gold major Newcrest at its Havieron project. The latest highlight shows 107 metres grading 2.2 grams per tonne gold,...

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