Newmont Exploration signs access deal for Ernest Giles project, Western Australia
Newmont Exploration has signed an agreement for access to Greatland Gold's 100%-owned Ernest Giles project tenements in central Western Australia.
The project spans 1,800km² of greenstone belt that has multiple gold exploration targets.
Greatland Gold CEO Gervaise Heddle said: “We look forward to working with Newmont’s Australian-based team who will be able to bring their extensive collective skills and experience in gold exploration, as well as their industry leading proprietary exploration techniques, and apply them to the vast and virtually unexplored Ernest Giles greenstone belt that is 100%-controlled by Greatland.”
Under the deal, Greatland will also provide access to its exploration database to Newmont for a period of six months.
In addition, the agreement grants Newmont a right of first refusal in case Greatland intends to sell or joint venture the Ernest Giles project during that six month period.
Greatland Gold chief technical officer Callum Baxter said: “Our view is that the future of major gold discoveries in Australia will be dominated by exploration campaigns that seek to identify large mineralised systems under cover.
"Newmont is perfectly positioned in this regard with both the international experience and proprietary technologies that can assist with the discovery and definition of large mineralised systems under cover.
“The results from Newmont’s work should significantly enhance our understanding of the Ernest Giles greenstone belt, particularly when added to the knowledge gained from our recent drilling efforts and the gravity and passive seismic surveys that are currently underway.”
The Ernest Giles project area is covered by desert sands and sediments. It includes more than 200km of strike of gold and nickel prospective rocks.
Image: Greatland Gold's Ernest Giles project covers over 1,800km² of an unexplored greenstone belt with multiple gold exploration targets. Photo: courtesy of Greatland Gold.