Greatland Gold PLC Greatland Commences Field Activities at Firetower (9480B)
June 12 2019 - 3:37AM
UK Regulatory
TIDMGGP
RNS Number : 9480B
Greatland Gold PLC
12 June 2019
12 June 2019
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
Greatland Gold plc
("Greatland" or "the Company")
Greatland Commences Field Activities at Firetower
Further to the announcement of 16 April 2019, Greatland Gold plc
(AIM:GGP), the precious and base metals exploration and development
company, is pleased to announce that field activities in
preparation for drilling have commenced at Greatland's Firetower
gold project in Tasmania.
The drill programme comprises approximately 15 drill holes on
five north-south traverses, with drill hole depths ranging from 75
metres up to 250 metres, for a total of more than 2,000 metres.
Systematic, grid-based drilling will test the centre of the
chargeability anomaly at Firetower and additional holes will test a
previously undrilled area at Firetower East where new targets were
identified by last year's 3D Induced Polarisation ("3DIP") survey.
All required regulatory approvals have been received and drilling
is expected to commence at Firetower in one week.
Gervaise Heddle, Chief Executive Officer, commented: "We are
very pleased to have commenced field activities ahead of a drill
programme that could begin to unlock the true potential of this
project. The current programme is designed to test sections of the
large chargeability anomaly, approximately 1,000 metres long, that
was identified by the results of last year's 3DIP survey.
Importantly, the results of that earlier survey illustrated that
the existing sub-surface gold mineralisation identified by previous
drilling at Firetower is spatially associated with the 3DIP
anomaly."
Enquiries:
Greatland Gold PLC
Gervaise Heddle/Callum Baxter
Tel: +44 (0)20 3709 4900
Email: info@greatlandgold.com
www.greatlandgold.com
SPARK Advisory Partners Limited (Nominated Adviser)
Andrew Emmott/James Keeshan
Tel: +44 (0)20 3368 3550
SI Capital Limited (Broker)
Nick Emerson/Alan Gunn
Tel: +44 (0)14 8341 3500
Luther Pendragon (Media and Investor Relations)
Harry Chathli/Alexis Gore/Joe Quinlan
Tel: +44 (0)20 7618 9100
Notes for Editors:
Greatland Gold plc is London listed (LON:GGP) natural resource
exploration and development company with a current focus on gold,
copper and nickel exploration projects.
The Company has six main projects; four situated in Western
Australia and two in Tasmania. All projects are 100% owned by
Greatland.
In March 2019, Greatland signed a Farm-in Agreement with
Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest
Mining Limited (ASX:NCM), to explore and develop Greatland's
Havieron gold-copper project in the Paterson region of Western
Australia. Newcrest has the right to acquire up to a 70% interest
in a 12 block area within E45/4701 that covers the Havieron target
by spending up to US$65m.
Greatland is seeking to identify large mineral deposits in areas
that have not been subject to extensive exploration previously. It
is widely recognised that the next generation of large deposits
will come from such under-explored areas and Greatland is applying
advanced exploration techniques to investigate a number of
carefully selected targets within its focused licence
portfolio.
The Company is also actively investigating a range of new
opportunities in precious and strategic metals and will update the
market on new opportunities as and when appropriate.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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