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Greatland provides update on latest drilling at Scallywag

Greatland plans a follow-up drill campaign during the 2021 field season

Greatland Gold PLC -

The first drill holes drilled by Greatland Gold PLC (LON:GGP) at the Scallywag project in Australia have intersected prospective target lithologies and pathfinder element anomalism.

Exploration work at Scallywag is focussed on the discovery of intrusion related gold-copper deposits such as Havieron, Telfer and Winu.

Greatland completed seven drill holes at Scallywag in the second half of calendar 2020, testing targets at the Kraken, London and Blackbeard prospects.

The assay and logging results from the first three drill holes of the 2020 programme suggest the holes have intersected prospective target lithologies and pathfinder element anomalism associated with quartz-pyrite vein arrays.

Peak gold intersected was one metre at 0.25 grams per tonne from 398 metres, while peak copper intersected was one metre at 1,105 parts per million.

Follow up drilling is planned during the 2021 field season to test for further development of brecciated and mineralised lithologies, in particular along strike at the newly defined Teach target.

“Greatland’s first drilling campaign at Scallywag has identified pathfinder element anomalism and provides us with valuable geological information which we expect to use in further assessing and ranking drill targets across the Scallywag licence,” said Gervaise Heddle, Greatland’s chief executive.

“In addition, further analysis of geophysical data has built on our existing understanding to generate a number of new compelling targets. We look forward to progressing with further drill testing at Scallywag during 2021, particularly at the new Teach target and other high-priority targets identified by the EM survey conducted last year.”

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Price: 22 GBX

AIM:GGP
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Market Cap: £856.06 m
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