Greatland Gold plc, the precious and base metals exploration and development company, has announced that a Mobile Metal Ion (“MMI”) surface geochemistry survey has begun at Ernest Giles East. In addition, a ground gravity survey across Ernest Giles East is expected to commence within the next few weeks. Results of the exploration programme are expected to be disclosed in September 2017.
Highlights:
- Exploration work seeks to demonstrate the broader potential for gold mineralisation;
- Greatland’s technical team has begun a 3.2 kilometre by 400 metre spaced MMI survey, and the Company expects to commence a 1.6 kilometre by 200 metre spaced gravity survey across the same area within the next few weeks;
- Results from these surveys will be used to establish gold exploration targets on these new licences for follow up work and drilling.
The Ernest Giles East area covers approximately 600 square kilometres, including a large 80km long north-south trending sequence of rocks which represent an extension of the gold prospective Ernest Giles greenstone sequences. This exploration programme follows on from recent significant developments at the project including the identification of two large zones of gold mineralisation (announced 12 and 19 January 2017) at the Meadows target in the south-west corner of the project, and an agreement with Newmont Exploration Pty Ltd, a subsidiary of Newmont Mining plc (NYSE:NEM), one of the world’s largest gold producers (announced 16 May 2017).
Gervaise Heddle, Chief Executive Officer, commented: “This survey is a natural progression following successful demonstration last year of the presence of large zones of gold mineralisation on the Western side of the Ernest Giles project. We hope that this new exploration programme will highlight the prospectivity of the new Eastern licences, licence areas where virtually no modern exploration has taken place, and confirm our belief in the potential of this exciting new gold district to host several multi-million ounce deposits.”
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