RE: Exploration to commence this quarter at Juno18 Sep 2024 22:01
Here’s an old interview with Callum on GGP where you can get a sense of the depth of his knowledge as a Geologist.
He went for this licence right after leaving GGP, and has decided that now, with gold at all time highs, is the time to start work on it.
I guess we find out why he went for it soon enough.
https://www.ggpchat.co.uk/viewtopic.php?t=659
An excerpt.. about finding deposits that “can move the dial”..
Yeah, I suppose I should slightly rephrase what you said in that we're looking for a plus 5-million-ounce deposit. Because really, we know with Greatland’s dynamic, it was always about not just finding 100,000 ounces or even a million ounces. It was always about finding deposits that were actually going to shift the needle for even a major player on the planet. So, we're always striving to find big deposits in fertile areas. And that that's the logic behind exploration in the Paterson and exploration at Ernest Giles.
So, we're looking for plus 5-million-ounce deposits and they have a certain fingerprint and using certain exploration techniques, you should be able to detect whether they, whether you whether they're present in that terrain or not. And I believe the work that Greatland’s done to date have ticked that box to show that there's a high probability that there's plus 5Moz worth of gold in that area.