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Greatland Gold starts new exploration programme at Ernest Giles project

By BFN News | 02:12 PM | Tuesday 11 July, 2017


Greatland Gold has confirmed that the Company is undertaking a new exploration programme at the Ernest Giles gold project. The new programme will target the Eastern tenements of the Ernest Giles project, an area that has been subject to virtually no historical exploration, and will include Mobile Metal Ion surface geochemistry and ground gravity surveys. The Company said results of the exploration programme are expected by September 2017. Highlights: - New exploration programme launched across "Ernest Giles East"; - The Ernest Giles East project covers an area of approximately 600 square kilometres, including a large north-south trending sequence of prospective rocks which represent an extension of the gold prospective Ernest Giles greenstone sequences; - Plans for the new exploration programme include orientation Mobile Metal Ion ("MMI") surface geochemistry, broad spaced gravity traverses and geological field reconnaissance; - The key objective of the programme is to highlight the potential prospectivity of these virtually untested new licences and to establish gold exploration targets for further follow up work. Gervaise Heddle, Chief Executive Officer, commented: "This new exploration programme targeting the Eastern portion of the Ernest Giles gold project is designed with the same large scale, "big company" approach to exploration that has already yielded significant benefits on other parts of the Ernest Giles project. "Greatland's technical team have designed a systematic exploration programme, including both geochemical and geophysical elements, that seeks to demonstrate the potential for large gold camps on the Eastern portion of the project. "We will make further announcements as the various elements of the exploration programme commence. At this stage, we expect initial MMI and gravity results to be received by early September." At 2:11pm: (LON:GGP) Greatland Gold PLC share price was -0.01p at 0.47p Story provided by StockMarketWire.com

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