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Greatland identifies multiple targets at Ernest Giles East

By BFN News | 09:45 AM | Wednesday 11 October, 2017


Greatland Gold said it had identified multiple gold targets at Ernest Giles East following the successful completion of mobile metal ion surface geochemistry and ground gravity surveys. Highlights: - Multiple gold anomalies identified over 60 kilometres of strike at Ernest Giles East coincident with the prospective basement geology; - Several clusters of MMI anomalies have been identified, with key clusters exhibiting a strike in excess of 9km long and up to 3km wide; - Detailed analysis of the ground gravity results from this campaign, and the recently acquired detailed airborne magnetics, confirms the gold prospectivity highlighted by the latest MMI results. Chief executive Gervaise Heddle said: 'We believe these results further highlight the potential for the Ernest Giles gold project to be one of most significant gold districts to be identified globally within the last decade. 'These latest findings have significantly improved our understanding of the prospective geology of the Eastern block. 'The MMI sampling has identified several clusters of anomalies across multiple adjacent sample traverses, which is extremely encouraging given the traverses were spaced at 3.2 kilometre intervals. 'The work carried out further enhances the potential of the Ernest Giles project and confirms our previously stated view that the Ernest Giles project has the potential to host several multi-million ounce deposits.' At 9:45am: (LON:GGP) Greatland Gold PLC share price was +0.09p at 0.78p Story provided by StockMarketWire.com

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