Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has commenced its 2022 exploration programme under the Juri joint venture with partner Newcrest Mining Limited (ASX:NCM) in the highly prospective Paterson province of Western Australia.
Drilling will take place on three high-priority targets across the Paterson Range East and Black Hills licences.
This will follow an aerial and ground electromagnetic data review, which is now underway, and soil sampling, which has been completed.
The planned work is funded solely by Newcrest.
"After a promising first year programme, we are excited to commence on-the-ground activities for the second year exploration and drilling campaign under the Juri joint venture with Newcrest,” said Shaun Day, managing director of Greatland Gold.
“There is an enhanced, rich source of information available to interpret from including prior year's drilling results, aerial, and ground electromagnetic data, and the Juri joint venture teams have used this to identify promising high priority targets to be drilled over the next few months.”
The Paterson Range East licence lies approximately 25 kilometres north of Greatland's Havieron gold-copper project and covers 224 square kilometres of Proterozoic basement rocks prospective for Havieron style gold-copper mineralisation.
The Black Hills licence covers 25 square kilometres and lies approximately 20 kilometres west of Havieron and 30 kilometres northeast of Newcrest's Telfer gold mine.
Newcrest has the right to earn up to a 75% interest in the licences by spending up to A$20mln as part of a two-stage farm-in over five years.