Greatland Gold PLC (AIM:GGP, OTC:GRLGF, FRA:G8G) is to expand its footprint in the Paterson Province, Western Australia, with the acquisition of a package of tenements located strategically between the firm’s Havieron project and Newcrest’s Telfer property.
It has acquired the Pascalle and Taunton tenements, spanning 75 and 100 square kilometres respectively, along with adding two licence applications that will cover 840 square kilometres.
"This is our first licence acquisition since Havieron and adds over 1,000km2 of exploration ground in the Paterson region expanding Greatland's strategic footprint in one of the most prospective exploration areas for gold-copper deposits in Australia,” said chief executive Shaun Day.
“The Pascalle tenement is optimally located directly between two world class discoveries of Havieron and Telfer and nearby existing infrastructure.
“We know this area well and our exploration team has the experience and intellectual property from Havieron to explore for prospective mineralisation systems.”
Day added: “As with Havieron, these new exploration licences contain multiple magnetic and geophysical anomalies.
“The new ground sits under cover and remains untested, which will allow us to apply our proven record of discovery and exploration success to identify prospective Telfer, Winu and Havieron style mineralisation.
“We consider these licences significant and exciting additions to our growth portfolio as we seek to discover further tier-one gold-copper deposits in the Paterson province."