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Greatland Gold - precious and base metals exploration and development in Western Australia and Tasmania - Submits application for a new exploration licence in the Paterson region of Australia. Notes the Canning exploration licence application E45/5862 covers an area of 114 kilometres square and contains the bulk of a large magnetic "bullseye" anomaly, similar to the magnetic bullseye located over the Havieron deposit. Greatland Gold adds no previous drill testing of this anomaly has been reported in historical records. Ahead of the expected grant of the licence, it will compile and review historical exploration data, including regional aeromagnetic data and detailed gravity data, and remodel the magnetic and gravity data.
"We are pleased to apply for the new Canning licence which will expand our footprint in the Paterson region and build on our exploration momentum in this region," says Chief Executive Shaun Day.
Current stock price: 21.71 pence, down 4.8% on Thursday
Year-to-date change: down 41%
By Ife Taiwo; ifetaiwo@alliancenews.com
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