Greatland Gold PLC Black Hills: Further Gold Found in Surface Samples (1630T)
02 July 2018 - 4:00PM
UK Regulatory
TIDMGGP
RNS Number : 1630T
Greatland Gold PLC
02 July 2018
2 July 2018
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
Greatland Gold plc
("Greatland" or "the Company")
Further Gold Found in Surface Samples at Black Hills
Further to the announcements of 18 June 2018 and 21 June 2018,
Greatland Gold plc (AIM: GGP), the precious and base metals
exploration and development company, is pleased to announce that
additional gold pieces have been recovered from surface samples at
its 100% owned Black Hills licence in the Paterson region of
Western Australia.
On 21 June, Greatland announced that multiple pieces of gold had
been recovered from surface during the first few days of the
Company's maiden exploration campaign. Since that time, the field
team have continued to collect surface samples. Prospective rock
sequences have been observed at several areas with numerous
indications of mineralisation in bedrock. Further gossanous samples
have been collected from outcrop and additional primary gold
mineralisation has been located in bedrock at the Saddle Reefs area
where gold is present as coarse pieces in rock samples from
surface. These extra finds add significantly to gold pieces already
located and have extended the strike length of gold in bedrock at
Saddle Reefs to approximately 200m (previously reported 150m), with
the northern and southern strike extent of the mineralised sequence
being obscured by a thin veneer of sand cover.
Greatland is currently reviewing a range of exploration options,
which will initially focus on determining the potential extent of
the zone of high grade gold mineralisation at Saddle Reefs, and the
Company expects to make an announcement regarding its future plans
for Black Hills within the next few weeks.
Selected photos of recently collected samples, including gold in
bedrock and gold nuggets, from the Black Hills licence can be found
under the 'Black Hills' section of the Paterson project page on the
Company's web site at www.greatlandgold.com/paterson/.
The Black Hills licence covers 25 square kilometres in the
Paterson Region of Western Australia and lies adjacent to the
Company's Havieron licence. Previous work by companies including
Newcrest Mining Limited has outlined several zones of gold
mineralisation in rocks equivalent to those of the large Telfer
gold deposit (27m oz) which lies 30km to the west. Management
believes that the gold mineralisation identified to date on the
Black Hills licence may extend into the north western portion of
Greatland's Havieron licence.
Gervaise Heddle, Chief Executive Officer, commented:
"Greatland's first exploration campaign at Black Hills has clearly
established the presence of high grade gold mineralisation at
surface across a 200 metre strike length at the Saddle Reefs
prospect. Given this exciting start, we intend to accelerate our
exploration efforts at Black Hills which will initially focus on
determining the potential extent of the zone of high grade gold
mineralisation at Saddle Reefs. Results from rock chip sampling
will be announced to the market in due course."
Additional information on the Black Hills licence can be found
under 'Paterson' on the Company web site at
www.greatlandgold.com/projects.
Competent Person:
Information in this announcement that relates to exploration
results is based on information compiled by Mr Callum Baxter, a
director of Greatland Gold plc, who is a member of the Australasian
Institute of Mining and Metallurgy and Australian Institute of
Geoscientists. Mr Baxter has sufficient experience relevant to the
style of mineralisation and type of deposit under consideration and
to the activity which has been undertaken to qualify as a Competent
Person as defined by the 2012 Edition of the Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore
Reserves (the JORC Code) and under the AIM Rules - Note for Mining
and Oil & Gas Companies. Mr Baxter consents to the inclusion in
the announcement of the matters based on their information in the
form and context in which it appears.
Enquiries:
Greatland Gold PLC
Callum Baxter/Gervaise Heddle
Tel: +44 (0)20 3709 4900
Email: info@greatlandgold.com
www.greatlandgold.com
SPARK Advisory Partners Limited (Nominated Adviser)
Mark Brady/James Keeshan/Andrew Emmott
Tel: +44 (0)20 3368 3550
SI Capital Limited (Broker)
Nick Emerson/Alan Gunn
Tel: +44 (0)14 8341 3500
Luther Pendragon (Media and Investor Relations)
Harry Chathli/Ana Ribeiro/Alexis Gore
Tel: +44 (0)20 7618 9100
Notes for Editors:
Greatland Gold plc (AIM: GGP) is a London listed natural
resource exploration and development company with a current focus
on gold, nickel and cobalt exploration projects.
The Company has six main projects; four situated in Western
Australia and two in Tasmania. All projects are 100% owned by
Greatland or Greatland has the right to take 100% ownership.
Greatland is seeking to identify large mineral deposits in areas
that have not been subject to extensive exploration previously. It
is widely recognised that the next generation of large deposits
will come from such under-explored areas and Greatland is applying
advanced exploration techniques to investigate a number of
carefully selected targets within its focused licence
portfolio.
The Company is also actively investigating a range of new
opportunities in precious and strategic metals and will update the
market on new opportunities as and when appropriate.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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