Greatland discovers new gold targets at Ernest Giles project in Australia
UK-based Greatland Gold has identified new targets for gold mineralisation through an airborne survey over its 100%-owned Ernest Giles project in Western Australia.
The survey covered a large portion of the 1,800km² project, including the recently acquired east tenements.
In addition to a full review of several gold targets at the Ernest Giles project that is being conducted, the company has reported that gravity and seismic surveys are currently underway.
Greatland Gold CEO Gervaise Heddle said: "The results of the detailed airborne survey, which was conducted at 100m line spacing and includes approximately 38,000 line kilometres of data, will allow Greatland to further refine and accelerate its exploration efforts at Ernest Giles, as well as providing us with greater confidence on the potential of this quality project.
"Our technical team are currently conducting a full review of targets throughout the Ernest Giles project and more information will be provided to shareholders once all the data from recent fieldwork has been received and analysed."
The company acquired a detailed airborne survey over the northern sequences and the newly acquired Ernest Giles East, which includes a 600km² area covering 80km along north-south trending sequence of rocks.
According to the company, new airborne data is currently being merged with existing airborne data sets, while interpretation and targeting is slated for completion in the coming weeks.
The comprehensive ground-based gravity survey covers several targets to better define structural and lithological features.
This development follows an agreement that was signed with Newmont Mining earlier this month to allow access to Ernest Giles project tenements. Covered by desert sands and sediments, the project area includes more than 200km of strike of gold and nickel prospective rocks.