(Alliance News) - Greatland Gold PLC said Thursday it has advanced with the Scallywag gold-copper prospect in Paterson, Australia with the unveiling of a new exploration programme.
The prospect lies in the E45/4701 Haverion licence, six kilometres west of the 12-block area under a farm-in agreement with Newcrest Mining Ltd, and has a strike length of more than 6 kilometres.
The exploration programme will start ground gravity survey in August, with 1,580 gravity stations planned at 400 metres to 200 metres spacing, infilling to 200 metres to 200 metres across the Scallywag prospect.
The induced polarisation survey will commence in September, involving 25-line kilometres of deep-sensing 2D IP planned across the prospect.
Three-dimensional modelling of the gravity and detailed aeromagnetic data is to be completed and reviewed with IP profiles to determine drill targets.
"Results from last year's mobile metal ion survey at Scallywag reinforced its potential to host copper, silver and gold mineralisation, and the large size of the target, combined with its relative proximity to the Havieron prospect, makes it an obvious candidate for further comprehensive follow-up work," said Chief Executive Officer Gervaise Heddle.
Shares in Greatland Gold were marginally lower at 1.72 pence on Thursday.
Greatland Gold (GGP)