Drilling Commences at Ernest Giles

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Greatland Gold commences drilling at Ernest Giles

Following government approval, Greatland Gold plc is pleased to announce that drilling has begun at its Ernest Giles project. The Ernest Giles project is located in central Western Australia.

Highlights

  • Greatland has begun drilling gold and nickel targets at Ernest Giles
  • Drilling to include gold targets at Empress and Meadows, and the new Carnegie nickel target
  • First batch of samples are expected to be dispatched to the laboratory in the coming days

Callum Baxter, CEO, commented: “In line with our expected timetable, we are pleased to have commenced drilling gold and nickel targets at our Ernest Giles project. The project area itself is currently largely unexplored as it is covered by desert sands and sediments. The first drilling samples will be dispatched to the laboratory in the coming days and results are expected approximately four weeks after submission.”

Ernest Giles Project, Western Australia

The Ernest Giles project is located in central Western Australia, covering an area of 945 square kilometres that includes over 100km of gold and nickel prospective rocks. The area is covered by desert sands and sediments, making it virtually unexplored. The region is home to several successful exploration discoveries such as Tropicana (AngloGold ASX:AGG), which contains over 7 million ounces, and Yamarna (Gold Road Resources ASX:GOR), with over 3.5 million ounces.

As previously announced, on 31 March 2015 and 3 June 2015, Greatland intends to drill several significant gold and nickel targets across the Ernest Giles licences. These targets include the surface MMI (mobile metal ion) anomalies at Empress and Meadows. Drilling will also be carried out at the Dromedary structural target in the north of the project area and at the new Carnegie nickel sulphide target which resembles the size and geophysical signature of the ‘Nova’ discovery by Sirius Resources NL (ASX:SIR). ‘Nova’ is one of the most exciting nickel sulphide discoveries in recent years.

The drill equipment has been mobilised to site and drilling has commenced. The first hole has been collared at the Empress area. The drill crew are experienced and the equipment is suitable for the task. So far, drilling productivity has been very good.

The total number of drill holes and metres that will be drilled depend on the results that are obtained and the mineralisation that is intersected. We will begin with four vertical holes, to a depth of 300m each.

The first drill samples will be dispatched to the laboratory in the coming days. Preliminary results of the drilling will be available approximately four weeks after submission to the laboratory. Greatland will provide a further update once analytical results have been received.

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