Greatland Gold has identified a number of new targets that merit further exploration
Greatland Gold (AIM:GGP), the precious and base metals company, announced on Monday that results from its drilling campaign at its Scallywag licence have provided further evidence of the potential for intrusion-related mineralised systems, as well as confirming the area’s prospectivity.
Initial targets have again intersected pathfinder elements associated with systems seen close by at Havieron and Telfer, and regionally at Winu.
The AIM-listed company has also identified a number of new targets that merit further exploration and will be conducting further drill testing.
The Scallywag drill programme is the first stage of an extended drilling programme across Greatland’s 100% licences and the Juri Joint Venture in the Paterson province of Western Australia, which is expected to commence in the coming weeks.
During 2020 drill results provide further evidence of pathfinder element anomalism potentially distal to intrusion-related mineralised systems, and potentially along strike of the current drilling
At the Kraken target, assay and logging confirm the intersection of prospective target lithologies and pathfinder element anomalisms including silver, copper, bismuth and lead.
Shaun Day, Chief Executive Officer of Greatland Gold plc, commented:
“We may only be in the first stages of an extensive drilling programme, yet these results provide further evidence that the Scallywag licence is prospective for intrusion-related mineralised systems. In particular, it is very pleasing that initial targets have once more intersected pathfinder elements associated with systems seen nearby at Havieron and Telfer, and regionally at Winu,” said Day.
“Greatland has established a proven approach to exploration that brought it much success at Havieron: drill selective targets, analyse the information and refine targets to unlock value from our projects.
Ongoing geological interpretation, assisted by drill information and regional aeromagnetics, has identified multiple new targets within the Scallywag licence.
New targets include “Architeuthis”, a 600m long magnetic anomaly located 1km north of Kraken and 9km north-west along strike of Havieron, and which may represent primary mineralisation along the Scallywag Synform.