27th Nov 2013 09:30
LONDON (Alliance News) - Greatland Gold PLC Wednesday said it has received all approvals for drilling at the Derby North area of the Warrentinna gold project in Tasmania and has appointed a drilling contractor.
In a statement, the company said drilling will commence in the second week of December. The area has previously shown grades of over 50 grammes of gold per tonne.
The Australian exploration company didn't name the drilling contractor but said it is an experienced firm.
Greatland Gold shares were up 1.8% at 0.58 pence Wednesday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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