Greatland Gold plc has announced that regional targeting across the Paterson project area has highlighted the potential for a new IOCG district.
Approximately 50 IOCG targets have been identified by the Company in the broader region, with around half located in ground held by Greatland.
Highlights:
- Multiple new IOCG targets identified across Greatland’s Paterson project, an area which lies along the western margin of a Proterozoic basin in the north of Western Australia;
- A review of historical exploration activity indicates that many of the new targets exhibit a similar geophysical signature to the Company’s Havieron target and have the potential for hosting similar copper and gold mineralisation;
- Greatland is currently planning field activities for H2 2017 aimed at highlighting the presence of multiple IOCG occurrences in the region.
The Paterson project covers over 360 square kilometres in the Paterson region of Western Australia and includes both the Havieron licence (acquisition announced 26 September 2016) and the Paterson Range East licence (application announced 6 June 2017). Limited historical drilling (six drill holes) by Newcrest during the 1990s demonstrated high grade gold and copper mineralisation at the Havieron target with peak values of 15g/t Au and 2.5% Cu.
Add Comment