(Alliance News) - Greatland Gold PLC on Thursday confirmed nickel prospectivity at Panorama, following soil sampling at the site.
Greatland Gold is a London-headquartered mining development and exploration company, focused primarily on precious and base metal mining in Western Australia and Tasmania. The Panorama gold and nickel project is 200 kilometres south-east of Port Hedland, which is in the Pilbara region of Western Australia.
Combined soil and rock chip sampling defined an 800-metre coherent nickel strike in favourable geology, Greatland said.
The results, which included 27 soil samples from the Ni04 prospect, returned about 0.1% nickel over a 1.4 kilometre strike extent, and a peak result of 0.3% nickel in a rock chip sample.
"The large extent of the prospective Dalton Suite ultramafics within our tenure, and the existence of coincident untested conductors, gives us confidence in the potential for a substantial nickel discovery at Panorama," said Managing Director Shaun Day.
"We are now planning our next steps to effectively test both the geochemical and geophysical anomalies on the tenure."
Greatland Gold shares were trading 0.9% higher at 10.99 pence each in London on Thursday morning.
By Holly Beveridge, Alliance News reporter
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Greatland Gold (GGP)