First gold identified at Goliath
Greatland Gold (LON:GGP) announced on Wednesday its first set of preliminary drill results from the initial 2021 drill programme at its Juri Joint Venture with partner Newcrest Mining in the Paterson Province of Western Australia.
First phase of Juri JV drilling programme completed on the Paterson Range East and Black Hills tenements, forming the Juri JV with Newcrest.
- Gold assays from first four assayed holes of Juri JV drill programme
- At the Saddle Reefs target within the Black Hills licence an intersection of 3.5m @ 1.88g/t Au from 226.5m
- First gold identified at the Goliath Prospect including a significant assay of 1.0m @ 1.49g/t Au from 651m
- Assays for the remaining holes from Los Diablos, Parlay and Saddle Reef and sections of the Outamind hole expected for October 2021
The first phase of drilling comprised nine holes for 4,958m testing five targets including five holes at the Goliath, Outamind and Los Diablos targets on the Paterson Range East licence and four holes at the Parlay and Saddle Reefs targets on the Black Hills licence.
Shaun Day, Chief Executive Officer of Greatland Gold, commented: “We are delighted to receive the first set of results from the maiden drilling campaign under our Juri JV with Newcrest. Intercepting gold mineralisation from our initial assays is an excellent result. Greatland will now recalibrate our Juri JV targets based on this initial information as well as the assays pending from the five remaining drill holes and combined with the new proposed Ground EM survey.
“These initial results build confidence regarding the prospectivity of the assets under the Juri JV. With Newcrest funding the exploration programme, our Juri JV programme presents an opportunity to deploy our proven expertise and potentially deliver further exploration upside for our shareholders.”