Greatland Resources Regulatory News (GGP)

6 Feb 2007 07:00

Greatland Gold PLC06 February 2007 GREATLAND GOLD PLC Firetower Drilling Results and Warrentinna Activities Dated: 6 February 2007 Greatland Gold plc (the "Company") the mineral exploration and developmentcompany focused on gold projects in Tasmania and Western Australia is pleased toannounce further analytical results from diamond core drilling at Firetower.Significant intercepts up to 13.34g/t gold have been returned along with 1.2%lead and elevated copper and tungsten. Firetower Drilling was within the resource area at Firetower and higher grade zones,surrounded by lower grade halos, continue to be defined. Drillhole collars arepresented in Table 1. Table 1: Drill Hole DetailsHole ID AMG East AMG North Azimuth Dip Depth (m) (m) (degrees) (degrees) (m) FTD017 446 027.3 5 405 101.3 3 -30 60.8 FTD018 446 111.2 5 405 080.1 1 -50 70.5 FTD019 445 855.3 5 405 015.4 34 -50 124.1 FTD020 445 818.5 5 405 044.4 38 -50 106.0 FTD021 445 817.4 5 405 040.4 175 -50 71.6 FTD022 446 025.6 5 405 085.4 20 -70 100.3 FTD023 445 975.3 5 405 109.3 184 -70 46.2 FTD024 445 975.6 5 405 113.5 2 -30 52.4 FTD025 445 975.6 5 405 112.8 0 -50 61.3 AMG - Aust. Map Grid Co-ordinate, Azimuth - drillhole direction, Dip - drillhole angle from horizontal Several significant intercepts were returned. Better intercepts include 11m at4.29g/t gold including 1m at 13.34g/t gold, 10.1m at 6.20g/t gold including 1mat 10.09g/t gold, 2m at 8.00g/t gold, 1m at 12.20g/t gold and 1m at 10.81g/tgold (Table 2). These results confirm higher grade plunging shoots within thelarger mineralised system at Firetower. Base metal mineralisation is alsopresent with results including 1.2% lead, 0.9% copper and 0.5% zinc. Highlyanomalous tungsten intercepts continue to be returned. High gold grades, andaccompanying base metal and tungsten intercepts, support our continued effortsat Firetower. Mapping and surface sampling is ongoing at Firetower to locate surfaceindications of mineralisation and help plan further drill targets. Surfacesampling has been successful in returning rock chip results up to 2.5g/t goldfrom immediately west of previously recognised mineralisation. This issignificant as it had been previously thought that the only considerableapparent potential was to the east. However this new analysis indicates thestrike also extends west, enlarging the area of mineralisation. Table 2: Firetower Significant Results (>1.0g/t gold) Hole No From To Width Gold Copper Lead Zinc Tungsten (m) (m) (m) (g/t) (%) (%) (%) (%) FTD017 7.0 8.0 1.0 1.47 13.0 24.0 11.0 1.61 FTD018 0.0 4.0 4.0 1.74 FTD019 60.0 64.0 4.0 1.25 97.0 100.0 3.0 2.42 incl 98.5 99.0 0.5 5.31 0.91 0.13 FTD022 40.2 41.0 0.8 1.5 0.13 0.24 82.0 93.0 11.0 4.29 incl 87.0 88.0 1.0 13.34 0.24 and 88.0 89.0 1.0 9.43 0.13 and 90.0 91.0 1.0 5.61 0.27 FTD023 0.9 11 10.1 6.20 incl 2.0 3.0 1.0 10.09 0.42 and 3.0 4.0 1.0 9.46 and 4.0 5.0 1.0 6.65 and 5.0 6.0 1.0 5.77 0.25 and 6.0 7.0 1.0 7.43 and 7.0 8.0 1.0 6.25 and 8.0 9.0 1.0 5.18 and 10.0 11.0 1.0 5.58 23 24 1.0 3.01 38 39 1.0 3.49 FTD024 0.0 1.0 1.0 12.21 11.5 12.5 1.0 1.02 19.0 24.0 5.0 1.10 26.0 28.0 2.0 2.73 31.0 38.5 7.5 1.60 incl 36.5 37.0 0.5 4.65 1.24 0.50 0.11 FTD025 0.0 2.0 2.0 8.05 3.0 4.0 1.0 1.00 7.0 10.0 3.0 1.79 20.0 21.0 1.0 1.79 28.0 30.0 2.0 1.13 42.0 46.0 4.0 3.93 incl 43.0 44.0 1.0 10.81 0.13 0.23 47.0 48.0 1.0 1.34 50.0 51.0 1.0 2.49 0.50 m - metres, g/t - grams per tonne, % - per cent Importantly, mineralisation is shallow at Firetower with good grades starting atsurface. Results are awaited for further drillholes and these will be reportedduring the current quarter. Other Activities at Firetower Surface sampling at the Firetower West prospect, a separate area 2.5km northwestof the Firetower resource, is complete. Results outline mineralisation over alarge 2km x 1km area with surface grades peaking at over 100ppb gold. Strongbase metal anomalism is also apparent. First pass diamond core drilling oftargets within this large area has commenced. Three other regional target areas in the east of the project area remain to befollowed up with surface sampling. Warrentinna At the Warrentinna project, located in north-eastern Tasmania, surface samplinghas been completed to determine the extent of the Derby-Mara goldfields and thetrends within the Forester-Linton areas. Results have returned high-grade goldvalues in addition to extending the previously identified mineralisation. Soilresults up to 1,308ppb gold at Derby-Mara, and 66.5ppb gold at Forester-Lintonwere returned. The high-grade nature of surface sample results is encouraging. First pass drill testing of targets at the Warrentinna project is planned forthe current quarter. Competent Persons The information in this announcement that relates to Exploration Results isbased on information compiled by Mr Paul Askins and Mr Callum Baxter, directorsof Greatland Gold, who are both members of the Australasian Institute of Miningand Metallurgy. Paul Askins and Callum Baxter have sufficient experience whichis relevant to the style of mineralisation and type of deposit underconsideration and to the activity that they are undertaking to qualify asCompetent Persons as defined in the 2004 Edition of the 'Australasian Code forReporting of Exploration Results, Mineral Resources and Ore Reserves'. PaulAskins and Callum Baxter consent to the inclusion in the announcement of thematters based on their information in the form and context in which it appears. All diamond drilling results are obtained from half NQ core. All samples areprepared at Genalysis Laboratory Services' Adelaide facility using a singlestage pulverisation, and assayed at Genalysis Laboratory Services' Perthlaboratory. A 50g lead collection fire assay digest with atomic absorptionspectrometry (AAS) analysis technique is used for gold, and a Four Acid(hydrofluoric, nitric, perchloric and hydrochloric) digest with an OpticalEmission Spectrometry (OES) finish for other elements. Full quality control isachieved using a suite of standards, duplicates, repeats and blanks. The spatial location of samples is derived using by registered surveyor using atotal station theodelite and classical surveying methods based on geodetic trigstation control, and Eastman single shot downhole or north seeking gyro surveys.Stated co-ordinates are based on the Australian Map Grid 1966, Zone 55 (AGD66Zone 55). Enquiries: Callum Baxter +44 (0)20 7099 5845 Greatland Gold plc Managing DirectorJohn Simpson +44 (0)20 7512 0191 ARM Corporate Finance Ltd Nominated Adviser Updates on the Company's activities are regularly posted on its websitewww.greatlandgold.com This information is provided by RNS The company news service from the London Stock Exchange