Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, has announced the results from ground gravity and Mobile Metal Ion (“MMI”) surveys recently conducted at its Paterson project in Western Australia.
These results indicate that the Havieron target may be significantly larger than previously expected, with the potential strike length of the gold/copper target extended to 1.5 kilometres.
Highlights:
- Ground gravity survey results at Havieron indicate a larger than expected north-west structural trend, an outcome which is mirrored by the results of the MMI survey;
- An elevated MMI response in pathfinder elements (cerium, lanthanum, uranium and lead) to the immediate south-east of Havieron suggests primary basement mineralisation may be present along strike for up to 1.5 kilometres;
- Results indicate that the peak gravity response at Havieron has not been tested by historical drilling;
- Gravity results from Scallywag show gravity highs co-incident with the magnetic targets over approximately 2km of strike.
The Paterson project covers more than 385 square kilometres in the Paterson region of Western Australia and includes the Havieron licence, the Paterson Range East licence, and the recently acquired Black Hills licence. Limited historical drilling was conducted by Newcrest at Havieron during the 1990s where six holes were drilled, all of which intersected significant alteration and gold plus copper anomalism. Thick lower grade zones of gold and copper have been intersected and gold grades within these peak at 15.4g/t and copper to 2.5%. The Scallywag target hosts several magnetic anomalies over an area of approximately 6km by 4km with potential to host gold and/or copper mineralisation.
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