Receive our newsletter – data, insights and analysis delivered to you
  1. News
July 16, 2019

Greatland Gold spots potential new targets at Paterson project

Exploration and development company Greatland Gold has spotted large, high-priority exploration targets at Paterson Range East.

Exploration and development company Greatland Gold has spotted large, high-priority exploration targets at Paterson Range East.

The targets were identified following a high-resolution, low-level aeromagnetic survey conducted over the entire licence area.

Fully owned by Greatland, the Paterson Range East licence E45/4928 is approximately 25km north from the company’s Havieron gold-copper prospect in Western Australia.

Covering an area of 224km2, the prospect hosts proterozoic basement rocks suitable for Havieron style gold-copper mineralisation.

Key terms of the exploration included collection of aeromagnetic data across Paterson Range East. It identified and defined a large number of high-priority targets with a similar magnetic signature to the Havieron target.

Currently, modelling of high-priority aeromagnetic targets is in progress and is subject to detailed, grid-based ground gravity and surface geochemical work.

Comprehensive ground gravity and surface geochemistry is expected to start next month.

More high-priority targets will be identified subject to further modelling and follow-up work, which are likely to include induced polarisation and/or electromagnetic geophysical surveys, prior to drill testing.

Greatland Gold CEO Gervaise Heddle said: “We are very pleased with the encouraging data collected from this detailed, high-resolution survey, which clearly defines numerous high-priority targets at Paterson Range East with a similar discrete magnetic signature to Havieron.

“The combination of a focused suite of geophysical and geochemical tools provides us with a fast, effective and relatively low-cost method to screen for high-priority targets over a large area.”

The Paterson project comprises Havieron, Paterson Range East, and Black Hills licences, located in northern Western Australia.

Covering a total area of 385km2, the three licenses are known to host Telfer style gold-copper deposits, and Havieron style gold-copper mineralisation.

Last month, the company announced the commencement of new field activities at its fully owned Panorama project in the Pilbara region of Western Australia.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy