Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business is pleased to announce that drilling has commenced at its Warrentinna project in Tasmania, Australia.
· Greatland Gold’s field operations team have commenced drilling at the Warrentinna gold project in north-eastern Tasmania;
· The current drilling programme includes plans for six angled reverse circulation (RC) drill holes each to a depth of 100 metres, for a total of approximately 600 metres of RC drilling;
· Current drilling programme will test for extensions to mineralisation at Derby North and test for mineralisation below historic workings in the Golden Mara area.
Callum Baxter, Executive Director, commented: ‘We are pleased to have commenced a new drilling campaign at our Warrentinna gold project. The host rocks at Warrentinna are equivalent to those found in the prolific goldfields in Victoria, south-eastern Australia which have to date produced over 50 million ounces of gold. Historic drilling at Warrentinna has demonstrated high grade gold mineralisation at the project and results show that mineralisation is from surface, providing potential for an open pitable resource.
We will drill several targets at Derby North following up on intercepts such as 26m at 2.32g/t gold and 5m at 29.26g/t gold. Drilling will also be completed at the Golden Mara area to test for mineralisation below historic workings.
We expect the drilling campaign to be completed within the next two weeks and assay results to follow thereafter.’
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.
As announced on 12 September 2016 we have planned additional drilling at the project and are pleased to have received all relevant government approvals for the programme. A well equipped drill contractor has been appointed and drilling has now commenced.
Initially, the drilling program will comprise six angled reverse circulation (RC) drill holes, each to a maximum depth of 100m, for a total of 600m. If required, additional holes may be drilled while equipment is on site.
We will drill several targets at Derby North following up on intercepts such as 26m at 2.32g/t gold and 5m at 29.26g/t gold. The drill holes will focus on extending mineralisation at Derby North to the north and east. Drilling will also be completed at the Golden Mara area to test for mineralisation below historic workings.
The first batch of samples are expected to be dispatched to the laboratory mid December and results returned approximately four weeks later. We look forward to providing further updates in the coming weeks.
Additional information on the project can be found on the Company’s web site at www.greatlandgold.com/projects