Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business is pleased to announce that the Programme of Work application for the Ernest Giles gold project has been approved and field operations have now commenced.
· Approval has been received from the Western Australian Department of Mines and Petroleum for the Programme of Work application for the Ernest Giles gold project;
· Greatland Gold’s field operations team are now on site at the Ernest Giles project and are preparing access tracks and drill locations;
· The Ernest Giles work programme includes plans for 6,000 meters of wide-spaced RC drilling that will target gold, arsenic and antimony anomalies identified by soil sampling and previous drilling;
· Greatland expects drilling to commence within the next four weeks and will update the market accordingly at that time.
Callum Baxter, Executive Director, commented: ‘We are very pleased to have commenced field operations at our 100% owned Ernest Giles project and, subject to weather conditions, we anticipate that drilling will commence within the next four weeks.
The Ernest Giles project covers a significant portion of a large greenstone belt that has been subject to little historical exploration. The large greenstone belts in Western Australia host multiple million ounce gold deposits and our intention is determine whether similar deposits may be hosted within this remote and largely unexplored greenstone belt.
We will continue to announce developments at the Ernest Giles project over the weeks ahead as the drill programme continues.’
Ernest Giles Project, Western Australia
The Ernest Giles project is located in central Western Australia, covering an area of 270 square kilometres that includes over 30km of strike 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 6 million ounces.
Earlier drill programmes by the Company at Ernest Giles intersected gold mineralisation and large alteration systems in wildcat drilling of blind structural targets defined by detailed airborne geophysics. This is considered a major achievement for such a large prospective area with virtually no historical work. To build on this the Company has committed to a comprehensive RC drilling programme which will test several large areas based on work completed by the Company and earlier work by Western Mining Corporation. The Company is targeting large +5m ounce deposits and clusters of several camp-type +1m ounce gold discoveries.
The total number of drill holes and metres to be drilled will be dependent on results received and mineralisation intersected, but will initially consist of approximately 30 RC holes for 6,000m.
Additional information on the Ernest Giles project can be found on the Company web site at www.greatlandgold.com/projects