TIDMGGP
RNS Number : 6037M
Greatland Gold PLC
15 September 2023
Greatland Gold plc (AIM: GGP)
E: info@greatlandgold.com
W: https://greatlandgold.com
: twitter.com/greatlandgold
NEWS RELEASE | 15 September 2023
New licence applications at Yannarie in the Gascoyne
Greatland has applied for four new exploration licences covering
126km(2)
of ground in the Gascoyne
Greatland Gold plc (AIM:GGP) (Greatland or the Company) is
pleased to announce that it has lodged applications for new
exploration licences covering 126km(2) of tenure at Yannarie within
the Gascoyne, to the south of the Pilbara. The ground was
identified by a Greatland prospectivity study covering the Pilbara
and surrounding areas, and is considered prospective for Havieron
and Telfer style precious and base metals deposits.
Highlights
-- Geological environment and history of the district is
considered to be ideal for the formation of large scale precious
and base metals deposits
-- The Yannarie applications overlay a complexly folded
Proterozoic meta-sedimentary package intruded by Proterozoic
granitoids on the margin of a terrane boundary
-- Open file data indicates that the area has only shallow cover
and is underexplored
Greatland Managing Director, Shaun Day, commented: "Exploration
is one of Greatland's three horizons for growth. The addition of
these tenements to our portfolio augments a pipeline of high
priority targets in Tier 1 districts and demonstrates our continued
focus to identify and secure prospective ground, where we can
leverage our team's experience and track record of success.
Yannarie complements our upgraded portfolio of priority projects
including the Paterson and Ernest Giles."
Overview of the Yannarie project
The Yannarie project is located approximately 300km south-west
of the town of Maitland in the Gascoyne Province of Western
Australia, within the Capricorn Orogeny, between the Yilgarn and
Pilbara cratons.
The geology comprises mainly outcropping Palaeoproterozoic
metasedimentary and intrusive rocks with minor alluvial and
colluvial cover. This north to northwest trending folded sequence
has several interpreted long-lived crustal-scale structures that
may provide pathways for gold and base metal mineralisation. There
are several mineral occurrences in the area including gold, copper,
uranium and manganese.
The Capricorn Orogen represents the progressive assembly of the
Western Australia Craton and is comparable to other Proterozoic
Orogens in Western Australia. These orogens are known to host large
mineral deposits including Telfer and Havieron in the Paterson and
Tropicana in the Albany-Fraser. The Capricorn Orogen is considered
underexplored.
Ahead of the expected grant of the licences, Greatland will
engage with the Traditional Owners in respect of land access and
heritage and progress. A review of previous work will be completed
in parallel to define exploration targets.
Figure 1 :Satellite image showing Greatland's newly acquired
Yannarie tenement applications.
Figure 2 : Geological Map showing Yannarie tenement
applications
Contact
For further information, please contact:
Greatland Gold plc
Shaun Day, Managing Director | info@greatlandgold.com
Nominated Advisor
SPARK Advisory Partners
Andrew Emmott / James Keeshan / Neil Baldwin | +44 203 368
3550
Corporate Brokers
Berenberg | Matthew Armitt / Jennifer Lee | +44 203 368 3550
Canaccord Genuity | James Asensio / George Grainger | +44 207
523 8000
SI Capital Limited | Nick Emerson / Sam Lomanto | +44 148 341
3500
Media Relations
UK - Gracechurch Group | Harry Chathli / Alexis Gore / Henry
Gamble | +44 204 582 3500
Australia - Fivemark Partners | Michael Vaughan | +61 422 602
720
About Greatland
Greatland is a mining development and exploration company
focused primarily on precious and base metals.
The Company's flagship asset is the world-class Havieron
gold-copper project in the Paterson Province of Western Australia,
discovered by Greatland and presently under development in joint
venture with ASX gold major, Newcrest Mining Limited (which is the
subject of an agreed takeover by Newmont Corporation that is
ongoing).
Havieron is located approximately 45km east of Newcrest's
existing Telfer gold mine. The box cut and decline to the Havieron
orebody commenced in February 2021. Significant progress continues
with the exploration decline with total development at over 2,600
metres in early August 2023. Subject to a positive feasibility
study and Decision to Mine, Havieron may leverage the existing
Telfer infrastructure and processing plant.
Greatland has a proven track record of discovery and exploration
success and is pursuing the next generation of tier-one mineral
deposits by applying advanced exploration techniques in
under-explored regions. Greatland has a number of exploration
projects across Western Australia and in parallel to the
development of Havieron is focused on becoming a multi-commodity
miner of significant scale.
Competent Persons Statement
Information in this announcement pertaining to Reporting of
Exploration Results has been reviewed and approved by Mr Damien
Stephens, a Member of the AusIMM, who has more than 30 years
relevant industry experience. Mr Stephens is a full-time employee
of the Company and has a financial interest in Greatland. Mr
Stephens has sufficient experience relevant to the style of
mineralisation and type of deposit under consideration, and to the
activity which he is undertaking 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 and Gas Companies, which outline standards of disclosure
for mineral projects. Mr Stephens consents to the inclusion in this
announcement of the matters based on this information in the form
and context in which it appears. Mr Stephens confirms that the
Company is not aware of any new information or data that materially
affects the information included in the historical market
announcements, and that the form and context in which the
information has been presented has not been materially
modified.
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