Interesting read9 Jul 2020 14:32
Extract from Atlantic Capital Markets on `The Gold Rush`. All positive reading
Greatland Gold
In the lower tiers the star of the sector is Greatland gold. The company has gained a lot of
positive attention over the last year and with just cause to do so. The Company was established
in London in 2005 and was admitted to trading on the AIM market in July 2006. The company
has a well-diversified portfolio of projects in highly prospective geological areas with pre known
reserves and deposits of gold and nickel. The Company is actively developing projects in underexplored parts of these known mineralised systems.
The business’ current activities include, mapping, soil sampling, geophysical surveys and drilling
on target areas. They are constantly reviewing historic data and combine this with regional
geophysics and combine this with analysis of incoming geochemical and geotechnical data,
allowing projects to develop and progress towards realising resources and reserves.
Greatland itself has got a large footprint in the Havieron region and it’s got a track record of
success. The company has identified several high priority targets close by as well. Greatland is
in a strong financial position with approximately £6mln in cash as at June 30, 2020, and remains
well-financed to conduct all planned activities over the next 12 months.
Sentiment surrounding progress at its jointly held Havieron licence remains high and the recent
granting of a license has seen Greatland’s landholding in the Paterson region expand from 385
square kilometres to 450 square kilometres.
2019 Annual Report Key Takeaways
• Havieron emerges as a significant gold-copper discovery. Five successive sets of excellent,
high-grade results from Newcrest drilling
• Continuity of mineralisation demonstrated over 450m of strike, up to 150m wide,
• and in excess of 600m in vertical extent
• Newcrest accelerating exploration: Stage 1 (US$10 million) of US$65m Farm-in
• Agreement completed, expanded 90-person camp on site, eight drill rigs now
• operational
• Newcrest targeting maiden resource by the end of calendar year 2020 and
• commercial production within subsequent 2-3 years
• Multiple high-priority drill targets identified across the Paterson region
• Scallywag: Four new high-priority targets identified following geophysics programme,
including Kraken, London and Blackbeard
• Paterson Range East: Eight high-priority targets identified following geophysics
• programme, including Goliath and Los Diablos
• Black Hills: Encouraging drilling results confirm presence of near-surface gold
• system at Saddle Reefs prospect, which includes high-grade gold mineralisation
• Firetower: Drilling supports the potential for a robust, near-surface gold system
• as well as indications of a new Volcanic Hosted Massive Sulphide system at Firetower East
• Warrentinna: Maiden diamond drilling programme at Derby North prospect
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