RE: RNS29 Oct 2018 09:32
Highlights of 3DIP results
· High quality IP data was collected and used to generate 3D
inversion models;
· Results have outlined a large, coherent conductive body over 1,000m
of strike, spatially coincident with gold mineralisation identified at
surface;
· The conductive body has dimensions of approximately 1,000m long,
200m wide and 150m thick, and is open to the south-east;
· Depth to top of the body ranges from 150m to 200m below surface, a
depth which is virtually untested by historic drilling in the Saddle Reefs
area.
3DIP models have been reviewed in conjunction with surface geochemical and
geological information at Saddle Reefs, and drill targets have been selected
to test the orientation and tenor of gold mineralisation.
Gervaise Heddle, Chief Executive Officer, commented: "We are very excited by
the excellent results from the 3DIP survey at Black Hills which has outlined a
large, new and virtually untested gold target at the Saddle Reefs prospect.
Saddle Reefs has the potential to host gold mineralisation from surface to
significant depths, and these results reinforce our view that it represents a
high priority exploration target for us.
"The prospectivity of the Paterson region has attracted the attention of major
industry players and we look forward to a busy exploration season in the
Paterson region next year which will include Greatland's first drilling
campaign at Black Hills."