RE: RNS21 Oct 2019 11:15
Results of soil sampling confirm the presence of gold anomalism along the main mineralised trend at Greatland's Panorama project
Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to announce a surface geochemical programme has confirmed the presence of gold anomalism along the main mineralised trend at the Company's 100% owned Panorama project, located in the Pilbara region of Western Australia.
Greatland completed a systematic, grid based, surface geochemical soil sampling programme at Panorama during July and August 2019 which involved the collection of 468 samples at a density of 200m x 50m and 100m x 50m over approximately 4.5km of strike. Results from the geochemical sampling are presented in this announcement.
Highlights:
· Results of soil sampling confirm the presence of gold anomalism along the main mineralised trend previously identified by rock chips and coarse gold (nuggets).
· Multiple discrete gold in soil anomalies identified, including a 600m by 200m area which returned results in excess of 50ppb gold.
· Four samples returned gold values in excess of 100ppb with one sample exceeding upper detection limit from the laboratory (>2000ppb).
· Further work planned to determine the limits of gold anomalism at surface and the relationship between the gold in soil anomalism and bedrock mineralisation.
In addition, the Company is pleased to provide images from a detailed airborne magnetic survey conducted at Panorama earlier this year which can be found on the Company web site at www.greatlandgold.com.