Pilbara gold and cobalt exploration commences

Greatland Gold plc has confirmed that the initial exploration campaign on the Pilbara gold and cobalt targets at the Panorama project has commenced on time as expected.

Greatland is also pleased to announce that a recently completed review of stream sampling data has highlighted multiple new gold and cobalt anomalies.

The exploration programme on the Pilbara gold and cobalt targets will include orientation drainage sampling, soil sampling and geological reconnaissance;

• A comprehensive review of historical stream sampling data has highlighted the following:

• • Approximately twenty gold anomalies across the project area, with peak gold-in-streams values of 68.5ppb and 60ppb;
  • The presence of historic gold mines and alluvial gold occurrences immediately to the north of the Company’s licences with the mineralised trend continuing south into the Company’s licences;
  • Five new cobalt targets in the southern parts of the Panorama project, with peak cobalt-in-streams values of 70ppm and 65ppm.

A detailed review of further historic data is ongoing and may identify additional gold and cobalt targets as work progresses. Geological, geochemical and geophysical data is being integrated into a comprehensive database to assist targeting efforts and field operations. All gold and cobalt targets identified to date will be subject to field reconnaissance during the coming weeks.

Gervaise Heddle, Chief Executive Officer, said:

“We are very pleased by the results of the review of historical stream sampling data which has confirmed the significant potential across the project area for both gold and cobalt mineralisation. The excellent work by the Greatland technical team over recent weeks has identified approximately twenty new gold anomalies across the licence area, the presence of historical gold mines immediately to the north of the project, and the presence of coarse grained Archean sedimentary rocks with a strike length over 18 kilometres from north to south across the project. We believe that the Pilbara region of Western Australia has the potential to hold some of the largest major gold deposits in Australia and we look forward to updating shareholders on our progress.”