Last checked at 12 Jun 2019 09:37
12 June 2019
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).
Greatland Gold plc
("Greatland" or "the Company")
Greatland Commences Field Activities at Firetower
Further to the announcement of 16 April 2019, Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to announce that field activities in preparation for drilling have commenced at Greatland's Firetower gold project in Tasmania.
The drill programme comprises approximately 15 drill holes on five north-south traverses, with drill hole depths ranging from 75 metres up to 250 metres, for a total of more than 2,000 metres. Systematic, grid-based drilling will test the centre of the chargeability anomaly at Firetower and additional holes will test a previously undrilled area at Firetower East where new targets were identified by last year's 3D Induced Polarisation ("3DIP") survey. All required regulatory approvals have been received and drilling is expected to commence at Firetower in one week.
Gervaise Heddle, Chief Executive Officer, commented: "We are very pleased to have commenced field activities ahead of a drill programme that could begin to unlock the true potential of this project. The current programme is designed to test sections of the large chargeability anomaly, approximately 1,000 metres long, that was identified by the results of last year's 3DIP survey. Importantly, the results of that earlier survey illustrated that the existing sub-surface gold mineralisation identified by previous drilling at Firetower is spatially associated with the 3DIP anomaly."
Enquiries:
Greatland Gold PLC
Gervaise Heddle/Callum Baxter
Tel: +44 (0)20 3709 4900
Email: info@greatlandgold.com
www.greatlandgold.com
SPARK Advisory Partners Limited (Nominated Adviser)
Andrew Emmott/James Keeshan
Tel: +44 (0)20 3368 3550
SI Capital Limited (Broker)
Nick Emerson/Alan Gunn
Tel: +44 (0)14 8341 3500
Luther Pendragon (Media and Investor Relations)
Harry Chathli/Alexis Gore/Joe Quinlan
Tel: +44 (0)20 7618 9100
Notes for Editors:
Greatland Gold plc is London listed (LON:GGP) natural resource exploration and development company with a current focus on gold, copper and nickel exploration projects.
The Company has six main projects; four situated in Western Australia and two in Tasmania. All projects are 100% owned by Greatland.
In March 2019, Greatland signed a Farm-in Agreement with Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), to explore and develop Greatland's Havieron gold-copper project in the Paterson region of Western Australia. Newcrest has the right to acquire up to a 70% interest in a 12 block area within E45/4701 that covers the Havieron target by spending up to US$65m.
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.