RNS just showed on IG23 Aug 2019 12:57
Panorama Project - Exploration Update
Field reconnaissance locates additional gold nuggets, further extending the
strike length of the mineralised trend to over 6 kilometres
Greatland Gold plc (AIM:GGP), the precious and base metals exploration and
development company, is pleased to announce that phase one geochemical
sampling is complete and further field reconnaissance activities have located
additional gold nuggets, further extending the mineralised trend at the
Company's 100% owned Panorama project, located in the Pilbara region of
Western Australia.
Highlights:
· Further field reconnaissance has successfully located additional gold
nuggets over an area of 900m by 200m approximately 1km further south-west from
those previously announced on 8 July 2019.
· The additional gold nuggets collected further extend the strike
length of the mineralised trend from 4.3km to 6.1km.
· Phase one geochemical sampling completed with soil sample assays
awaited and a detailed, low level airborne magnetic survey covering the entire
Panorama project area is also now complete with the data currently being
processed.
· The geochemical and geophysical data sets will assist with the
interpretation of structural and basement geology and provide better
definition of existing targets.
Gervaise Heddle, Chief Executive Officer, commented: "The discovery of a new,
additional zone of gold nuggets is evidence of the growing scale of Panorama
and further strengthens our belief in the project. The successful fundraise
earlier this month has given us greater flexibility to accelerate exploration
programmes of exciting projects such as Panorama. While still at a very early
stage, the increase in scale of the mineralised trend at Panorama fits
directly into our strategy to identify and progress potential tier one
projects."
A photo of the additional gold nuggets collected and a map indicating
collection points can be found on the Panorama project page of Greatland's
website at www.greatlandgold.com/panorama/
(http://www.greatlandgold.com/panorama/)
Panorama Project
The Panorama project consists of three adjoining granted exploration licences
located in the Pilbara region of northern Western Australia. The three
licences cover a total area of approximately 155 square kilometres and are
prospective for gold and base metal mineralisation.
Geology of the area is predominantly greenstone and granite of the Archean
Pilbara Craton in northern Western Australia, and younger overlying
sedimentary and volcanic sequences.
The Company completed a detailed review of historic work at Panorama, which
revealed many rock chip samples with an elevated gold response from within the
project area. Rock chip samples were collected during the mid to late 1990s,
mainly over the northern parts of the project area. The most significant
samples identified to date lie along a north-south trending zone approximately
3
Sign In
Follow the stocks
