23rd Sep 2014 07:38
LONDON (Alliance News) - Greatland Gold PLC shares were given a boost in early trade on Tuesday after the company outlined several new gold and nickel targets at its projects in Western Australia.
The company said the airborne geophysics review undertaken at the Ernest Giles gold and nickel project in Western Australia has outlined multiple additional new gold targets at the site. These new sites include Empress, Wishbone, Dromedary and Augustus, it said.
The company said sampling has taken place on the new targets and it expects geochemical results to be available in coming weeks, with drill targets forecast to be defined in the early part of the fourth quarter. Drilling of the targets is also expected to take place in the fourth quarter, Greatland said.
In addition, the company said a new nickel sulphide target has been identified in the Ernest Giles region, which it says resembles the size and geophysical signature of the 'Nova' discovery made by Sirius Resources NL, cited by Greatland as one of the strongest nickel sulphide discoveries in recent years.
At its Bromus projects, located in the southern part of Western Australia, the group has also identified a significant nickel sulphide target, with a ground survey outlined and scheduled to be carried out in the fourth quarter.
Greatland shares were up 7.0% to 0.305 pence in early trade on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Greatland Gold