RE: Another RNS yesterday23 Jun 2018 08:03
RNS Number : 2521S
Greatland Gold PLC
22 June 2018
22 June 2018
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 Gold receives approval to test nickel sulphide target at Carnegie and commences drilling campaign at Ernest Giles
Drilling campaign has commenced on schedule and will focus on three high priority gold targets and the additional nickel sulphide target
Greatland Gold plc (LON:GGP), the precious and base metals exploration and development Company, is pleased to announce that it has received approval from the Western Australian Department of Mines, Industry Regulation and Safety to drill a hole to test a nickel sulphide target at the Carnegie licence. In addition, and further to the announcements of 9 May 2018 and 5 February 2018, the Company is pleased to announce that it has commenced a Reverse Circulation ("RC") drilling programme at the Company's 100% owned Ernest Giles project in Western Australia.
Ernest Giles
The drilling programme at Ernest Giles has commenced and will focus on three high priority gold targets at the Meadows, Wishbone and Empress areas, and a nickel sulphide target at the Carnegie licence.
The drilling programme at the Meadows area will consist of approximately twenty-four RC drill holes to test the 5km by 1.5km anomaly defined by Deep Sensing Geochemistry ("DSG") work which remains untested by previous drilling. In addition, up to six RC holes will be completed at the Wishbone and Empress areas to test basement geology and physical rock properties.
Carnegie Licence
The Carnegie nickel sulphide target in the Ernest Giles project area resembles both the geophysical signature and size of Independence Group's (formerly Sirius Resources') Nova nickel deposit. Only one previous hole has been drilled at Carnegie (by Greatland in 2015) targeting the geophysical magnetic anomaly. Significantly this drill hole intersected mafic intrusive rocks at end of hole (300m) showing strong heamatite and magnetite alteration supporting the presence of a mafic intrusive body prospective for nickel sulphides. Analytical results highlight the prospectivity, with elevated As and Pb to 18ppm and 40ppm, respectively, at end of hole. The 2018 RC hole at Carnegie is planned to a depth of 375 metres and will be included as part of the current drilling programme at Ernest Giles.
Gervaise Heddle, Chief Executive Officer, commented: "We are very pleased to be on schedule with our drilling campaign at Ernest Giles. Given the strong rise of the nickel price, which has nearly doubled in the past 12 months, this is an opportune moment to test our nickel target at Carnegie, particularly due to the encouraging results from our historica
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