LONDON (Alliance News) - Greatland Gold PLC announced on Thursday that work to clarify drilling targets has started at its Ernest Giles gold project following successful initial drilling in late 2016.
The company said that gravity and passive seismic survey work at the site in western Australia will enhance future drill location planning across the 1,000 square kilometre site. The first area to be studied will be the Meadows target, which was recently discovered by a wide-spaced drilling campaign.
"Once the work at the Meadows target has been completed, we expect the survey teams to move on to other high priority targets including the Empress target in the north-eastern portion of the Ernest Giles greenstone belt," Greatland's Chief Executive Officer Gervaise Heddle said.
Heddle added that the company believes that the project has "the potential to host several major gold camps" and the survey "will greatly enhance our knowledge of this vast and virtually unexplored greenstone belt".
Greatland expects the survey to take four weeks to complete and will update the market on its results approximately four weeks after that.
Shares were down 2.6% to 0.302 pence on Thursday morning.
By Tom Rees; email@example.com
Copyright 2017 Alliance News Limited. All Rights Reserved.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.