rns31 May 2022 08:18
RNS Number : 3111N
Greatland Gold PLC
31 May 2022
31 May 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK MARKET ABUSE REGULATIONS. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Greatland Gold plc
("Greatland" or "the Company")
Greatland commences second year exploration programme at Juri JV
Drill programme to focus on high-priority targets within the Paterson Range East
and Black Hills licence including targets A9, A27 and Tama
Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to announce the commencement of the 2022 exploration programme under the Juri Joint Venture ("Juri JV") with partner Newcrest Mining Limited ("Newcrest") in the highly prospective Paterson province of Western Australia.
Highlights of 2022 Exploration Activities for the Juri JV:
§ Drilling of three high-priority targets to commence in June across the Paterson Range East and Black Hills licences.
§ Aerial and ground electromagnetic data review is underway.
§ A programme of soil sampling along existing tracks has been completed and submitted for geochemical analysis, to assist in identification of undercover geology and potential subtle mineralisation trends.
§ Gravity data re-processing, aimed at refining existing and generating new targets.
§ Heritage clearances completed with establishment of camp infrastructure underway ahead of drill programme
§ The planned work has been agreed between the JV partners and is funded solely by Newcrest.
The Paterson Range East licence lies approximately 25 kilometres north of the Company's Havieron gold-copper project and covers 224 square kilometres of Proterozoic basement rocks prospective for Havieron style gold-copper mineralisation. The Black Hills licence covers 25 square kilometres and lies approximately 20 kilometres west of Havieron and 30 kilometres northeast of Newcrest's Telfer Gold Mine.
Shaun Day, Managing Director of Greatland Gold plc, commented: "After a promising first year programme, we are excited to commence on-the-ground activities for the second year exploration and drilling campaign under the Juri JV with Newcrest.
There is an enhanced, rich source of information available to interpret from including prior year's drilling results, aerial and ground electro magnetic data and the Juri JV teams have used this to identify promising high priority targets to be drilled over the next few months.
The Juri JV campaign forms part of Greatland's wider exploration portfolio in the highly prospective Paterson region and represents another opportunity to add value to the Company. In addition, we look forward to moving ahead with upcoming exploration activities at Greatland's other 100% owned licences to take advantage of our strong position in the region."
Sign In
Follow the stocks
