Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says. Watch here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGreatland Resources Regulatory News (GGP)

Share Price Information for Greatland Resources (GGP)

Share Price is delayed by 15 minutes
Get Live Data
655.00    -41.00 (-5.89%)
Bid:
654.50
Ask:
655.50
Spread: 1.00 (0.153%)
Market Cap: £4.41b
GGP Live PriceLast checked at - London Stock Exchange

Intraday Greatland Resources Share Chart

Drill Programme for Ernest Giles Project

9 Aug 2016 10:02

RNS Number : 6562G
Greatland Gold PLC
09 August 2016
 

9 August 2016

 

Greatland Gold plc

("Greatland" or "the Company")

 

 

Drill Programme for Ernest Giles Project

 

 

Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business, is pleased to announce that planning has commenced for a comprehensive drilling programme at the Ernest Giles gold project.

 

 

Highlights

 

· Greatland is pleased to announce that it has lodged a Programme of Work application for the Ernest Giles gold project with the Western Australian Department of Mines and Petroleum;

 

· The Programme of Work application includes plans for a wide-spaced RC drilling campaign that will target gold, arsenic and antimony anomalies identified by soil sampling and drilling previously conducted in the southern parts of the Ernest Giles area;

 

· Programme of Work includes an application for approximately 30 drill locations for an estimated 6,000 metres of drilling;

 

· Key objectives of the RC drilling campaign will be to test for the presence of gold mineralisation in several large target areas, and follow up gold mineralisation discovered by the Company in previous drilling.

 

 

Callum Baxter, Executive Director, commented: "We are very pleased to announce a comprehensive, wide-spaced drilling campaign for our 100% owned Ernest Giles gold project. We will test areas of gold mineralisation previously discovered by Greatland and also drill several other large targets in this highly prospective region.

 

Government approvals are now underway and field activities have already commenced ahead of the drilling activities. We expect to receive approvals within 28 days and to commence drilling shortly after.

 

The Ernest Giles project covers a significant portion of a large greenstone belt that has been subject to little historical exploration. Exploration work by Western Mining, in the late 1990s, identified a large gold-arsenic soil anomaly in the southern parts of the Ernest Giles project area. Initial drilling by Greatland nearby, conducted in 2010 and 2012, revealed large alteration systems and gold mineralisation.

 

We look forward to providing further information on progress of approvals and commencement of drilling as activities progress."

 

 

Ernest Giles Project, Western Australia

 

The Ernest Giles project is located in central Western Australia, covering an area of 270 square kilometres that includes over 30km of strike of gold and nickel prospective rocks. The area is covered by desert sands and sediments, making it virtually unexplored. The region is home to several successful exploration discoveries such as Tropicana (AngloGold ASX:AGG), which contains over 7 million ounces, and Yamarna (Gold Road Resources ASX:GOR), with over 6 million ounces.

 

Earlier drill programmes by the Company at Ernest Giles intersected gold mineralisation and large alteration systems in wildcat drilling of blind structural targets defined by detailed airborne geophysics. This is considered a major achievement for such a large prospective area with virtually no historical work. To build on this the Company has committed to a comprehensive RC drilling programme which will test several large areas based on work completed by the Company and earlier work by Western Mining Corporation. The Company is targeting large +5m ounce deposits and clusters of several camp-type +1m ounce gold discoveries.

 

The total number of drill holes and metres to be drilled will be dependent on results received and mineralisation intersected, but will initially consist of approximately 30 RC holes for 6,000m.

 

Additional information on the Ernest Giles project can be found on the Company web site at www.greatlandgold.com/projects

 

 

Competent Person:

Information in this announcement that relates to exploration results is based on information compiled by Mr Callum Baxter, a director of Greatland Gold plc, who is a member of the Australasian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Baxter has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr Baxter consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears.

 

 

 

Enquiries:

 

Greatland Gold PLC

Callum Baxter/Gervaise Heddle/Alex Borrelli

Tel +44 (0)20 7747 9980

Email: info@greatlandgold.com

www.greatlandgold.com

 

SPARK Advisory Partners Limited (Nominated Adviser)

Mark Brady/ Sean Wyndham-Quin /James Keeshan

Tel +44 (0)20 3368 3550

 

SI Capital Limited (Broker)

Nick Emerson / Andy Thacker

Tel +44 (0)14 8341 3500

 

 

 

Notes for Editors:

 

Greatland Gold plc is London listed (LON:GGP) natural resource exploration and development company with a current focus on gold and nickel exploration projects.

 

The Company has four main projects; two situated in Western Australia and two in Tasmania. All projects are 100% owned by Greatland.

 

Greatland is seeking to identify large mineral deposits in areas that have not been subject to extensive exploration previously. It is widely recognised that the next generation of large deposits will come from such under-explored areas and Greatland is applying advanced exploration techniques to investigate a number of carefully selected targets within its focused licence portfolio.

 

The Company is also actively investigating a range of new opportunities in precious and strategic metals and will update the market on new opportunities as and when appropriate.

 

 

Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLUGUUURUPQUBB
Date   Source Headline
29th Mar 20234:35 pmRNSPrice Monitoring Extension
16th Mar 202310:21 amRNSHavieron Exploration and Development Update
13th Mar 20237:00 amRNSEurope Roadshow Corporate Presentation
8th Mar 20237:36 amRNSScallywag Exploration Results
6th Mar 20237:00 amRNS2023 Half Year Results Summary
6th Mar 20237:00 amRNS2023 Half Year Financial Report
1st Mar 202310:40 amRNSTotal Voting Rights
8th Feb 20237:00 amRNSGreatland presents at Bell Potter Conference
6th Feb 20237:00 amRNSGreatland Senior Leadership Appointments
2nd Feb 20237:00 amRNSJuri Exploration Programme Update
1st Feb 20231:12 pmRNSTotal Voting Rights
25th Jan 20237:00 amRNSHavieron Exploration and Development Update
10th Jan 20238:46 amRNSExercise of Options and Director Dealing
4th Jan 20237:00 amRNSBlock Listing Application
8th Dec 20227:19 amRNSHavieron Exploration and Development Update
7th Dec 20227:00 amRNSMark Barnaba and Elizabeth Gaines join Board
6th Dec 202211:05 amRNSResult of AGM
2nd Dec 20223:31 pmEQSGreatland Gold talks option deal to sell projects in Tasmania
30th Nov 20227:35 amRNSOption agreement to sell Tasmanian tenements
11th Nov 202210:39 amRNSIssue of New Shares
2nd Nov 20224:37 pmRNSNotice of AGM and Annual Report
28th Oct 20227:00 amRNSFinal Results
27th Oct 20227:00 amRNSHavieron Exploration and Development Update
20th Oct 20227:00 amRNSGreatland awarded drilling grant for Ernest Giles
17th Oct 202210:16 amRNSTR-1: notification of major holdings
12th Oct 20229:49 amRNSTR-1: Notification of major holdings
11th Oct 202210:11 amRNSTR-1: Notification of major holdings
7th Oct 202210:45 amRNSResult of General Meeting
28th Sep 20227:00 amRNSHavieron project 3-dimensional model
22nd Sep 20228:52 amRNSCorporate Presentation Update
20th Sep 20225:49 pmRNSNotice of General Meeting
12th Sep 20229:05 amRNSSecond Price Monitoring Extn
12th Sep 20229:00 amRNSPrice Monitoring Extension
12th Sep 20227:53 amRNSGrant of Co-Investment Options and Share Options
12th Sep 20227:13 amRNSFunding secured for development of Havieron
12th Sep 20227:00 amRNSTransformational appointments to the Board
8th Sep 20227:00 amRNSHavieron Exploration and Development Update
30th Aug 20227:00 amRNSTR-1: Notification of major holdings
25th Aug 20227:56 amRNSResults of Placing
24th Aug 20224:45 pmRNSProposed Placing
19th Aug 20227:03 amRNSHavieron Joint Venture Update
11th Aug 20228:46 amRNSTR-1 Notification of major holdings
4th Aug 20228:28 amRNSIssue of Equity and Total voting rights
21st Jul 202211:05 amRNSSecond Price Monitoring Extn
21st Jul 202211:00 amRNSPrice Monitoring Extension
21st Jul 20227:25 amRNSHavieron Exploration and Development Update
21st Jul 20227:03 amRNSOption for 5% Havieron JV interest set at US$60m
14th Jul 202212:03 pmRNSUpdate on Havieron Consideration
30th Jun 202211:41 amRNSTR-1: Notification of major holdings
30th Jun 20227:00 amRNSGreatland commences 2022 Exploration Programme

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.