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Pin to quick picksGreatland Gold Share News (GGP)

Share Price Information for Greatland Gold (GGP)

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Share Price: 20.30
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Open: 20.25
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Greatland Gold Starts Drilling And Survey At Australian Project

Wed, 19th Aug 2020 09:32

(Alliance News) - Greatland Gold PLC on Wednesday said it has commenced drilling at the Scallywag prospect area located in the Paterson region of Western Australia.

The drilling campaign will initially focus on high-priority targets within the Scallywag prospect area including Kraken, Blackbeard and London, the company explained.

Once the initial phase of drilling is complete at Scallywag, Greatland expects to drill additional high-priority targets on its Paterson range East and Black Hills licences including Goliath, Los Diablos and Parlay.

The precious and base metals focused miner additionally has commenced a high-resolution helicopter-borne electromagnetic survey covering 1,033 line kilometres across the western portion of the Paterson project.

The survey aims to identify conductive responses related to massive sulphide mineralisation across western parts of the Havieron and Paterson Range East licences, and the whole of the Black Hills licence.

The company's Paterson project comprises three granted licences - Havieron, Paterson Range East and Black Hills and one licence application, Rudall. The four licences collectively cover more than 450 square kilometres and are prospective for Telfer and Havieron style gold-copper deposits.

Shares in Greatland Gold were up 4.9% at 12.80 pence each in London on Wednesday morning.

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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