Greatland Gold identifies high-priority target amid busy end to the year
December 13, 2023 at 05:36 am EST
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Greatland Gold PLC (AIM:GGP, OTC:GRLGF) managing director Shaun Day speaks to Thomas Warner from Proactive after the mining development and exploration company announced that it has identified another potential anomaly from the latest drilling and geophysical results at Scallywag, adjacent to its Havieron development in Paterson, Western Australia.
Magnetic tests highlighted the conductor at depth within a syncline fold structure along the mineralised trend from Havieron. The key highlight, according to Day, was the electromagnetic (EM) survey, revealing significant targets for future exploration. This ground-based survey pinpointed potential sources of gold and copper, setting the stage for high-priority targeting in 2024.
Beyond Scallywag, Day emphasises Greatland Gold's ongoing commitment to other projects. The company anticipates releasing an MRE update within the current quarter, reflecting collaboration with their joint venture partner and independent reviews. Additionally, Day mentions recent drilling in the Ernest Giles area, with assay results expected in early 2024.
Greatland Gold continues its comprehensive planning for the coming year, including further exploration at Ernest Giles and follow-ups on nickel prospects at Panorama. The South Paterson area, particularly around Strickland, remains a primary focus for the company as it pursues tier-one targets.
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Greatland Gold plc is a United Kingdom-based mining development and exploration company, which is focused on precious and base metals. The principal activities of the Company consist of the development of the Havieron gold-copper project (Havieron) and the exploration and evaluation of mineral tenements within Australia. The Havieron Project is a gold-copper project, which is located approximately 45 kilometers from Newcrest's Telfer mine and is under development in Joint Venture with Newcrest Mining. Its projects also include the Ernest Giles Project, the Panorama Project and the Bromus Project. The Ernest Giles Project is located in central Western Australia. The Panorama Project is located in the Pilbara region of Western Australia. The Bromus Project is located over 25 kilometers southwest of Norseman in the southern Yilgarn region of Western Australia. Its other projects include the Scallywag Project, the Rudall and Canning projects.