21st Oct 2019 14:45
(Alliance News) - Greatland Gold PLC on Monday said a surface geochemical programme has confirmed the presence of gold anomalism along the main mineralised trend at the company's Panorama project in Western Australia.
Multiple discrete gold in soil anomalies were identified, including a 600 metre by 200 metre area which returned results in excess of 50 parts per billion gold.
Further work has been planned to determine the limits of gold anomalism at surface and the relationship between the gold in soil anomalism and bedrock mineralisation.
"We are very encouraged by the results from our soil sampling campaign at Panorama which highlight several areas of gold anomalism along the mineralised trend," commented Chief Executive Gervaise Heddle.
"While exploration at Panorama is still in the very early stages, we are pleased by the progress made this year and look forward to providing shareholders with details of further work as we seek to advance this exciting gold prospect," he said.
Shares in Greatland were up 2.3% at 1.892 pence in London on Monday.
By Lucy Heming; [email protected]
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