Exploration and development company Greatland Gold has identified the potential for a new iron-oxide-copper-gold (IOCG) district across the Paterson project area in Western Australia following regional targeting.
Greatland noted that around 50 IOCG targets have been identified in the broader region, with around half of them located along the western margin of a proterozoic basin.
Covering more than 360km² in the Paterson region, the project comprises both the Havieron licence and the Paterson Range East licence.
Based on a review of historical exploration activity, it was found that a majority of the new targets have similar geophysical signature to the company's Havieron target, with the potential for hosting similar copper and gold mineralisation.
Greatland Gold CEO Gervaise Heddle said: “Over the next few weeks, we intend to prioritise the multiple regional targets for further follow-up work, while we also prepare our plans for exploration work at the Havieron target itself."
As per historical drilling activity, the Paterson project was found to contain gold and copper mineralisation at the Havieron target with peak values of 15g/t Au and 2.5% Cu.
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The company is currently planning field activities for the second half of the year, directed at discovering multiple IOCG occurrences in the region.