Greatland Gold launches exploration programme in Australia

14 August 2018 (Last Updated August 14th, 2018 15:45)

Precious and base metals exploration and development company Greatland Gold has launched a new regional exploration programme within its Paterson project in Western Australia.

Precious and base metals exploration and development company Greatland Gold has launched a new regional exploration programme within its Paterson project in Western Australia.

The company will focus mainly on the Scallywag target through this programme, which will be conducted along with its two other programmes at Havieron and Black Hills.

“The Paterson region remains relatively underexplored and we believe that it is highly prospective for large mineralised systems.”

Located within the Havieron licence, the Scallywag target features several magnetic anomalies over a large area of approximately 24km², which are expected to host gold and/or copper mineralisation.

The company will begin the first phase of the programme this month and plans for Mobile Metal Ion (MMI) sampling to be conducted.

In addition, the exploration programme will focus on testing multiple regional targets identified during a review of regional geophysical and geochemical data last year.

The exploration company will review the results of MMI sampling in conjunction with detailed ground gravity and airborne magnetic data in a move to identify the most prospective areas for a maiden drilling programme at Scallywag.

Greatland Gold chief executive officer Gervaise Heddle said: “The Paterson region remains relatively underexplored and we believe that it is highly prospective for large mineralised systems.

“Our licences host multiple large magnetic anomalies, similar in scale and structure to Havieron, and, over the course of the next 12 months, we intend to pursue a systematic programme of regional exploration that will test a number of these additional regional targets.

“Scallywag hosts coincident magnetic and gravity anomalies and is a good starting point for our exploration programme because of its relative proximity to Havieron and its potential to host the prospective basement sequence at depths of less than 100m.”

Greatland achieved positive results for the recent drilling at the Havieron target, including 121m at 2.93g/t gold and 0.23% copper from 497m with peak gold of 137.69g/t and copper to 4.11%.