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Greatland Gold says gold mineralisation intercepted at Juri joint venture with Newcrest Mining

Published: 08:04 01 Sep 2021 BST

Greatland Gold PLC -

Greatland Gold PLC (AIM:GGP, OTC:GRLGF, FRA:G8G) said gold mineralisation was intercepted in initial drilling at its Juri joint venture with partner Newcrest Mining Ltd.

Results have been received for the first four holes sampled from the nine drill holes completed at the joint venture in the Paterson province of Western Australia.

The first phase of drilling tested five targets including five holes at the Goliath, Outamind and Los Diablos targets on the Paterson Range East licence and four holes at the Parlay and Saddle Reefs targets on the Black Hills licence.

The results include an intersection of 3.5 metres at 1.88 grammes a tonne (g/t) gold from a depth of 226.5 metres at the Saddle Reefs target; while the first gold was identified at the Goliath Prospect, including a significant assay of 1.0 metre at 1.49g/t gold from a depth of 651 metres.

Results from the remaining drill holes at Los Diablos, Parlay and Saddle Reef and sections of the Outamind are expected next month.

“We are delighted to receive the first set of results from the maiden drilling campaign under our Juri JV with Newcrest,” said Shaun Day, chief executive of Greatland. “Intercepting gold mineralisation from our initial assays is an excellent result.”

“Greatland will now recalibrate our Juri JV targets based on this initial information as well as the assays pending from the five remaining drill holes and combined with the new proposed Ground EM [Electro-Magnetic] survey.  

 "These initial results build confidence regarding the prospectivity of the assets under the Juri JV," he said.

Newcrest is funding the exploration programme.

 

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