3rd Nov 2021 10:59
(Alliance News) - Greatland Gold PLC on Wednesday said it has identified two priority targets at its Canning and Paterson South tenements in Australia.
The targets are comparable to the magnetic and gravity anomaly associated with the Havieron gold-copper deposit in the Paterson region of western Australia, Greatland said.
The London-based development and exploration company said the new targets are located within the Canning application and the adjacent recently-acquired Paterson South tenement.
Greatland said the next steps are to confirm the historical gravity data and remodel the gravity and magnetic data, with the aim of targeting drill holes for one or both of the targets.
"We consider these bullseye targets significant and exciting additions to our growth portfolio as we seek to discover further tier-one gold-copper deposits in the Paterson province," said Chief Executive Shaun Day.
AIM-listed Greatland Gold shares were trading 1.0% higher in London on Wednesday morning at 17.37 pence each.
By Evelina Grecenko; [email protected]
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