Warrentinna Drilling Results

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Greatland Gold Announces Further Positive Results from Drilling at Warrentinna Gold Project

Greatland Gold plc the mineral exploration and development company based in Australia, is pleased to announce another set of encouraging results from drilling activities at the Warrentinna gold project (“Warrentinna”) in Tasmania.

Highlights

  • 3 drillholes for 300m completed at Derby North prospect
  • All 3 holes intersected gold mineralisation above 0.7g/t gold, including
  • 8m at 3.11g/t gold from 92m in hole WTR032
  • 4m at 2.16g/t gold from 32m in hole WTR032
  • High potential for depth extensions
  • Single metre re-sampling results expected Q2 2014

 

Callum Baxter, CEO, commented: “Drilling efforts at our Warrentinna gold project continue to provide encouraging results. The tenor and widths of mineralisation are good and the potential for depth extensions is high. Warrentinna is a key project for Greatland Gold and these results are yet another step forward in our plan to establish resources across our portfolio of assets.”

Warrentinna Project (gold), Tasmania

A program of Reverse Circulation (“RC”) drilling was completed at the Derby North prospect during December 2013. All RC holes were drilled to a maximum depth of 100m and angled at 60 degrees. Drilling comprised three holes for a total of 300m. Drill hole collar details are presented in Table 1. Initial 4m composite sampling of all drill holes has been completed and results have been received.

 

Table 1 – RC Collars

Hole ID East North Dip Azimuth Depth
WTR031 561625 5447375 -60 090 100
WTR032 561575 5447375 -60 090 100
WTR033 561625 5447325 -60 360 100

co-ordinates – AGD66 Zone55

 

The maximum result from the programme was 4m at 3.19g/t gold from 92m in hole WTR032 in a broader intercept of 8m at 3.11g/t gold from 92m. Also in WTR032 was 4m at 2.16g/t gold from 32m in a broader intercept of 8m at 1.83g/t gold from 32m. WTR032 bottomed in mineralisation which is presumed to continue at depth. The end of hole intercept in WTR032 is approximately 50m vertically below an intercept of 26m at 2.32g/t from 5m in WTR038 reported in June 2013. This suggests good vertical continuity of mineralisation. WTR031 returned 4m at 1.24g/t gold from 36m downhole. All three RC holes intersected gold mineralisation above 0.7g/t gold. Results are presented in Table 2.

 

Table 2 – RC Drill Results (from 0.50g/t gold)

 

Hole ID From To Interval Gold (g/t)
WTR031 36 40 4 1.24
WTR031 60 68 8 0.59
WTR032 32 40 8 1.83
Incl. 32 36 4 2.16
WTR032 92 100 8 3.11
WTR032 92 96 4 3.19
WTR033 84 88 4 0.78

 

Gold mineralisation 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 with higher gold grades occur.

Single metre re-sampling of mineralised 4m composites will be completed in the coming weeks and results will be reported during the second quarter of 2014. Higher tenor gold grades are expected from the single metre sampling.

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