Greatland finds new geophysical target at Black Hills licence

30 October 2018 (Last Updated October 30th, 2018 10:55)

Greatland Gold has identified a large, buried geophysical target at the Saddle Reefs prospect, located in its wholly owned Black Hills licence in Western Australia following a 3D Induced Polarisation (3DIP) survey.

Greatland finds new geophysical target at Black Hills licence
The survey outlined a large, virtually untested gold target at the Saddle Reefs prospect. Credit: Greatland Gold plc.

Greatland Gold has identified a large, buried geophysical target at the Saddle Reefs prospect, located in its wholly owned Black Hills licence in Western Australia following a 3D Induced Polarisation (3DIP) survey.

According to the company, the new virtually untested target lies subparallel to the strike of high-grade gold mineralisation identified at surface.

The conductive body, which is open to the south-east, is estimated to be 1,000m-long, 200m-wide and 150m-thick, with depth to the top of the body ranging from 150m to 200m below the surface.

The company reviewed 3DIP models together with surface geochemical and geological information at Saddle Reefs.

Greatland Gold CEO Gervaise Heddle said: “We are very excited by the excellent results from the 3DIP survey at Black Hills, which has outlined a large, new and virtually untested gold target at the Saddle Reefs prospect.

“Saddle Reefs has the potential to host gold mineralisation from surface to significant depths, and these results reinforce our view that it represents a high-priority exploration target for us.

“The prospectivity of the Paterson region has attracted the attention of major industry players and we look forward to a busy exploration season in the Paterson region next year which will include Greatland’s first drilling campaign at Black Hills.”

The induced polarisation survey conducted in July and August covered a strike length of 1,600m over the zone of surface gold mineralisation and immediate strike extensions.

“These results reinforce our view that it represents a high priority exploration target for us.”

During the exploration campaign carried out at Black Hills in June this year, Greatland identified multiple gold nuggets, which confirmed the presence of high-grade gold mineralisation at the surface at the Saddle Reefs prospect.

The Black Hills licence is located in the Paterson region, which hosts several gold and copper deposits, including Telfer and Nifty.

Alongside Black Hills, Greatland holds the Havieron, Paterson Range East licences in the region.