As requested : Saturday Update22 Aug 2020 13:31
Just for anyone who missed this post last weekend or is feeling a little nervous about GGP, you shouldn't be ....
GGP is a gold exploration company, who own a prospect called Havieron.
Having hit good gold mineralisation Newcrest Mining agreed a Joint Venture. Newcrest because of their own needs have blitzed through 2 to 3 years development in just over 12 months and are committed to achieving a Maiden Resource Estimate before the end of 2020 and the licences to start a Decline towards the mineralisation in early 2021.
Due to the use of public Satellite images this board is fully aware of each move by the 9 drilling rigs currently employed on site, allowing us to follow the Step Outs as they happen.
The potential gold in terms of the millions of ounces has grown and grown. The word on the street is that this could be an extraordinary large and very mineable Tier 1 resource. We are due further updates on outstanding drill cores by Mid September and the next Newcrest quarterly report by the end of October. The last nine sets of drill core reports have been exceptional and the way Newcrest are continuing to press the ground teams to 24/7 there is no sign that reports 10 or 11 will be any different.
So what is expected over the next 2, 4 and 6 months is just more of the same, plus the MRE will define the project making it irresistible to Institutional Investors which is when the share price will move closer to 20 / 25p.
Plus Greatland Gold have many other fully owed prospects including Scallywag which is now being prospect drilled with those core results due in 6 - 8 weeks, so early October.
We have also seen pictures this week of the Airborne Electromagnetic ("AEM") survey showing that it has commenced at Scallywag plus the intention is to survey all of our Paterson licenses. There are some that believe that Scallywag has the potential to be as exciting as Havieron, we can but dream.
Other important news this week is that Warren Buffet has said that he is buying gold and probably gold assets as well.
Interesting 3 to 4 months coming up.
I hope this helps
Chester.