RE: Juri JV1 Jun 2023 08:10
2 Feb 2023 07:00
RNS Number : 7154O
Greatland Gold PLC
02 February 2023
NEWS RELEASE 2 February 2023
JURI EXPLORATION PROGRAMME UPDATE
2022 final results confirm broad intersections of gold mineralisation withhighly anomalous Bismuth pathfinder geochemistry at Black Hills
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Greatland Gold plc (AIM:GGP; "Greatland" or "Company") is pleased to release final drill results for its 2022 exploration programme at the Juri Joint Venture ("Juri Joint Venture"; Greatland 49% / Newcrest Mining Limited ("Newcrest") 51%).
All assay results have been received for the 2022 exploration Juri Joint Venture drilling programme on the Paterson Range East and Black Hills tenements (which form the Juri Joint Venture) including holes drilled at the A9, Tama and Black Hills North (A27) targets.
HIGHLIGHTS
§ Throughout the Paterson region, Bismuth has been identified as an important economic gold-copper mineralisation pathfinder element including at Greatland's Havieron deposit (joint venture with Newcrest, 70%) and Rio Tinto's Winu deposit. Drilling in BHRD004 intersected highly anomalous Bi multi element chemistry, strongly associated with the higher-grade gold intersections, with values in anomalous gold zones consistently >10ppm Bi and up to 253ppm (Table 1)
§ Anomalous gold mineralisation with strong Bismuth (Bi) associations was intersected at Black Hills hole BHRD004:
§ 4m @ 0.42g/t Au from 381m (incl. 1m @ 1.09g/t Au & 253ppm Bi from 384m)
§ 6m @ 0.15g/t Au from 38m
§ 3m @ 0.19g/t Au from 249m
§ 4m @ 0.11g/t Au from 397m
§ A9 and Tama targets effectively tested by drilling, intersecting bimodal intrusive granitoid rocks with minor shearing, dyke and quartz vein associated geochemical anomalism
§ 2022 exploration confirms merit of follow-up drilling campaign with a particular focus on Black Hills
Greatland Managing Director, Shaun Day commented:
"We are strongly encouraged by the results of our second drilling campaign at the Juri Joint Venture. The importance of bismuth as a pathfinder in the Paterson region is particularly significant with geochemistry at Black Hills similar to what we have seen at Havieron."
"The 2022 results further enhance our understanding of the geology of the Juri Joint Venture ground and confirm the merits of follow-up work."
Juri JOINT VENTURE 2022 Exploration Programme
The Juri Joint Venture drilling programme comprised five holes for 2,086 metres testing three targets including two holes each at Tama and A9 on the Paterson Range East licence and one hole at the Black Hills North / A27 target on the Black Hills licence (see Figures 1 and 2).
Complete gold and multi-element assays have also been