Operational Update – Bromus and Lackman Rock

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Operational Update – Bromus and Lackman Rock Gold Projects

Greatland Gold plc (AIM:GGP), the gold focused mineral exploration and development company based in Australia, today announces positive results from surface sampling activities at the Bromus and Lackman Rock gold projects in Western Australia.

Highlights:

  • Follow up soil sampling work completed at both projects producing positive results
  • Bromus Project – 4.6km long surface gold anomaly identified
  • Lackman Rock Project – 1.2km long surface gold anomaly identified

Bromus Project (gold), Western Australia

The Bromus project is located in the southern Yilgarn region of Western Australia, approximately 25km south-west of the gold mining town of Norseman. It includes a north-west trending greenstone belt interpreted to have a width of some 2km. Most of the project area is covered by soil with little exposure of the underlying gold prospective greenstones.

The Company has completed a follow-up auger geochemical soil sampling programme in the southern parts of the Bromus project area. The highest result returned from follow-up sampling was 6.1ppb gold. This, combined with 2011 auger results, outlines a larger surface anomaly some 4.6km long peaking at 8.4ppb gold. Background levels of gold in soils at the project are 1ppb gold or less. Reconnaissance drill testing of this large surface anomaly has been recommended.

The Company has been granted title to a licence immediately north of the existing licence. Total strike length of prospective greenstone rocks now covered is 26km. In the northern licence, previous exploration by other companies has outlined another large surface geochemical anomaly some 9.5km long peaking at 214ppb gold. Several reverse circulation (“RC”) holes by previous explorers have partially tested this anomaly with results including 3m at 1.9g/t gold.

Further work at Bromus will focus on the large gold anomalies in the south and north of the project area. Reconnaissance drilling of the southern anomaly is warranted and further investigation of targets in the northern licence will be carried out.

Lackman Rock Project (gold), Western Astralia

Lackman Rock is located in the southern Yilgarn region, approximately 80km south-west of Norseman. Like Bromus, Lackman Rock covers a north-west trending greenstone belt with little exposure of the underlying gold prospective greenstones.

Greatland has completed a follow-up auger soil geochemical programme in the central parts of the licence area. Results peaked at 23.5ppb gold and define a north-west striking gold anomaly 1.2km long, peaking at 23.5ppb gold, situated along the western boundary of the greenstone sequence. Background levels of gold in soils at the project are 1ppb or less. Reconnaissance drill testing of this large surface anomaly has been recommended.

The Company has been granted title to a licence in the north of the project area. Total strike length of greenstone covered by the project is 21km. The new licence area contains several electromagnetic anomalies defined by an airborne survey flown by a previous explorer. No surface geochemical work has been completed within the new licence area to date.

Further work at Lackman Rock will focus on the outlined gold anomaly in the central parts of the project area where reconnaissance drilling will be carried out. Additional auger sampling is required through the new licence area and this is scheduled to be carried out in the coming months.

Callum Baxter, CEO of Greatland Gold, commented:

“We remain focused on developing our licences through comprehensive exploration work with a view to realising their potential value. Additional promising targets have been secured in the Bromus and Lackman Rock licence areas which further adds to their significance in what is a prolific gold producing region. The gold price remains strong providing us with further encouragement to pursue our activities into 2013.”

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