Greatland Resources Regulatory News (GGP)

14 Aug 2006 07:00

Greatland Gold PLC14 August 2006 GREATLAND GOLD plc Greatland Commences Drilling at Firetower Dated: 14 August 2006 Greatland Gold plc (the "Company") the mineral exploration and developmentcompany focused on gold projects in Tasmania and Western Australia, is pleasedto announce that it has commenced exploration activities at its Firetower andWarrentinna projects. This includes diamond drilling at Firetower. Firetower Diamond drilling at the Firetower prospect has commenced. The project containsan initial inferred gold resource that has not been closed off, remains open inall directions, and at depth. The mineralisation comes to surface, and miningwould be by open pit with a low stripping ratio. Previous drilling has returnedintercepts up to 30g/t gold. The current drilling program is aimed at defininghigh-grade zones and to upgrade the resource base. Also, recent surface sampling (auger soils) has been completed 3km northwest ofthe Firetower prospect, at West Firetower. Results are encouraging and showmineralisation over a large 3000m x 1000m area peaking at >100ppb gold. Mappinghas located mineralised rock samples at surface. No drill testing of this areahas been carried out but the company plans to complete first pass drilling assoon as practicable. Three other high priority areas east of the Firetowerprospect remain to be followed up with surface sampling. Warrentinna Exploration activities have commenced at the Warrentinna project. These includedata compilation and geological mapping. Systematic surface sampling (augersoils) is to be completed in the current quarter and resultant targets will besubsequently drill tested. Competent Person 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 Person's 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. Enquiries:Callum Baxter +44 (0)7922 255 933 Greatland Gold plc Managing Director John 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