RE: GGP -- took a punt here.7 May 2019 11:29
7 May 2019
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).
Greatland Gold plc
("Greatland" or "the Company")
Greatland Commences Field Exploration Campaign at Black Hills
High powered, deep sensing IP survey to help refine Black Hills drill targets
Greatland's maiden drilling campaign at Black Hills, consisting of at least 20 RC drill holes and approximately 6,000m of drilling, expected to commence in early June
Greatland Gold plc (AIM: GGP), the precious and base metals exploration and development company, is pleased to announce that its 2019 exploration programme in the Paterson region has commenced with a high powered, deep sensing Induced Polarisation ("IP") survey at the Company's 100% owned Black Hills licence in the Paterson region of Western Australia. Greatland also announces plans for its maiden drilling campaign at Black Hills which is expected to commence in early June.
Key Developments
-- High powered, deep sensing IP survey has commenced at Black Hills, seeking to extend the strike length of the chargeability anomaly identified by the IP survey conducted in 2018
-- Data from the current IP programme, and from additional field mapping work which is currently underway, will be used to refine drill targeting for the upcoming campaign
-- Greatland's first drilling programme at Black Hills is scheduled to commence in early June 2019
-- Campaign will include more than 20 Reverse Circulation ("RC") drill holes to depths of up to 300m for approximately 6,000m of drilling
Gervaise Heddle, Chief Executive Officer, commented: "We are very pleased to have commenced 2019 field activities in the Paterson region, which is currently one of the most active exploration areas in Australia following recent exploration success by Greatland and others.
"The high powered, deep penetrating IP survey at Black Hills is designed to test whether the large, chargeability anomaly that was previously identified over 1,000m of strike, and which is spatially coincident with gold mineralisation identified at surface, continues further to the south-east.
"We intend to immediately follow up this survey by commencing Greatland's first drilling campaign at Black Hills in early June. It is set to be a busy exploration season this year and we look forward to pursuing multiple exciting exploration targets at Black Hills and across the Paterson region."
In June 2018, Greatland commenced it first exploration campaign at Black Hills. Multiple gold nuggets were found in thin sand cover within the first few days of the campaign, establishing the presence of high grade gold mineralisation at surface at the Saddle Reefs prospect (see announcements dated 21 June 2018 and 2 July 2018). Results from additional rock chip sampling over the prospect returned many values over 10g/t gold, peaking at 81.7g/t gold, and these results approximately quadr
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