31st May 2022 09:48
(Alliance News) - Greatland Gold PLC on Tuesday said it has started its second annual exploration programme under the Juri joint venture, on the Paterson province in Western Australia.
The 2022 programme will involve the drilling of three high-priority targets from June onwards across the Paterson Range East and Black Hills licences. Paterson Range East covers 224 square kilometres of Proterozoic basement rocks prospective for gold-copper mineralisation, while Black Hills covers 25 square kilometres.
A programme of soil sampling has been completed and is under analysis, while a review of aerial and ground electromagnetic data is underway.
The exploration work is focused on the discovery of significantly sized gold-copper deposits similar to the Haverion, Telfer and Winu project.
"After a promising first year programme, we are excited to commence on-the-ground activities for the second year exploration and drilling campaign under the Juri JV with Newcrest. There is an enhanced, rich source of information available to interpret from including prior year's drilling results, aerial and ground electro magnetic data and the Juri JV teams have used this to identify promising high priority targets to be drilled over the next few months," said Managing Director Shaun Day.
Shares in Greatland Gold were up 2.8% at 10.38 pence on Tuesday in London.
By Dayo Laniyan; [email protected]
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