Greatland Gold to start exploration campaign at Black Hills

19 July 2018 (Last Updated July 19th, 2018 11:12)

Greatland Gold is set to commence a new exploration programme next week at its Black Hills licence in the Paterson region of Western Australia (WA).

Greatland Gold is set to commence a new exploration programme next week at its Black Hills licence in the Paterson region of Western Australia (WA).

The exploration programme comes after the company received drilling approvals from the Australian Department of Mines, Industry Regulation and Safety.

Under the first phase of the programme, the company intends to undertake a 3D induced polarisation (3DIP) survey covering a strike length of 1,200m over a recently-identified high-grade gold mineralised zone at the Saddle Reefs prospect. It will also include areas immediately to the north and south of the zone.

“Exploring Black Hills’ potential will be a relatively low-cost and low-risk endeavour, but one with substantial upside potential.”

The company also noted that a review of historical induced polarisation (IP) data collected at Black Hills has determined that 3DIP geophysics would assist in outlining the orientation and depth potential of gold mineralisation identified at surface.

It expects to complete the 3DIP survey in around two weeks and then process the data for use in the drill programme planning.

Greatland Gold CEO Gervaise Heddle said: “Recent exploration success at Black Hills, including the collection of multiple pieces of gold and gold nuggets at surface, has clearly highlighted the licence’s prospectivity for high-grade, near-surface gold mineralisation.

“The identification of visible gold at surface means that exploring Black Hills’ potential will be a relatively low-cost and low-risk endeavour, but one with substantial upside potential.”

“We are delighted to have Black Hills and Havieron as part of our portfolio of 100% owned projects, and we believe that both of these high priority targets have the potential to deliver significant shareholder value in the long-term.”

The exploration licence covers 25km² and lies adjacent to the company’s Havieron licence.

During the first exploration campaign at Black Hills, Greatland recovered multiple gold nuggets at surface and established the presence of gold mineralisation at surface.