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Alliance News

Greatland Gold Starts Work To Identify Drilling Targets

Thu, 20th Apr 2017 12:04

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;

Copyright 2017 Alliance News Limited. All Rights Reserved.

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