Results from drilling at Warrentinna Gold Project

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Results from drilling at Warrentinna Gold Project

Greatland Gold plc, the mineral exploration and development company based in Australia, announces that it has received results from recent drilling at its Warrentinna gold project located in Tasmania.

Key points

·     3 drill holes for 300 metres completed

·     Highest grade of 3.72g/t gold

·     Mineralisation shows good continuity between hole

Callum Baxter, CEO, commented: “Drilling at Warrentinna has again provided further gold mineralisation at the Derby North prospect. Grades of up to 3.7g/t gold have been returned and broad zones of lower grade mineralisation are apparent which add to the overall prospectivity of the area.”

Warrentinna Project, Tasmania

The Warrentinna project is located in north east Tasmania and covers an area of 37 square kilometres. The project hosts several known gold occurrences, including Derby North where we have intersected significant levels of gold mineralisation, some over 50g/t.

We have completed a Reverse Circulation (RC) drilling campaign and results have been received. The programme comprised three holes for a total of 300m. One hole was drilled at the Derby North prospect and the two others at other areas approximately 600m south and 400m north. All results for these holes have been received.

The maximum result was 1m at 3.72g/t gold from 112m in hole WTR034 in a total intercept of 3m at 2.70g/t gold from 111m. Other intercepts in WTR034 include 1m at 1.14g/t from 78m, 1m at 1.17g/t from 105m and 1m at 3.02g/t from 111m. All significant results are presented in Appendix I.

The gold intersected in WTR034 is down dip from mineralisation intersected in previously drilled holes WTR032 and WTR028. Mineralisation shows good continuity between the drill holes. Grades in WTR032 peak at 1m at 5.45g/t from 95m in a broader intercept of 10m at 2.28g/t from 90m. While grades in WTR028 peak at 19.77g/t from 71m in an overall intercept of 2m at 13.71g/t from 70m.

Gold mineralisation at Derby North is coincident with quartz vein structures and disseminated sulphides. Drilling to date covers a strike length of 150m and has established a 100m wide, north-south trending, zone of gold mineralisation within which quartz reefs occur with higher grade gold.

The two other holes which were drilled at other areas did not return significant intercepts.

Further work at Derby North will include a thorough review of the current results and progress toward an initial resource calculation for the prospect.

Bromus Project, Western Australia

The Bromus project is located in southern Western Australia, approximately 25km south west of the town of Norseman. At Bromus, we have successfully identified several significant bedrock conductors that require drill testing. These bedrock conductors may hold economic accumulations of nickel sulphides.

The Company is continuing to work toward securing all relevant approvals for drilling. We aim to have these in place during Q1 2016.

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