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Pilbara exploration campaign starts on time, says Greatland

By BFN News | 09:13 AM | Tuesday 03 October, 2017


Greatland Gold has confirmed that the initial exploration campaign on the Pilbara gold and cobalt targets at the Panorama project has started on time as expected. Greatland also said that a recently completed review of stream sampling data had highlighted multiple new gold and cobalt anomalies. It said the exploration programme on the Pilbara gold and cobalt targets would include orientation drainage sampling, soil sampling and geological reconnaissance. It said a comprehensive review of historical stream sampling data had highlighted the following: - Approximately twenty gold anomalies across the project area, with peak gold-in-streams values of 68.5ppb and 60ppb; - The presence of historic gold mines and alluvial gold occurrences immediately to the north of the company's licences with the mineralised trend continuing south into the company's licences; - Five new cobalt targets in the southern parts of the Panorama project, with peak cobalt-in-streams values of 70ppm and 65ppm. Chief executive Gervaise Heddle said: 'We are very pleased by the results of the review of historical stream sampling data which has confirmed the significant potential across the project area for both gold and cobalt mineralisation. 'The excellent work by the Greatland technical team over recent weeks has identified approximately twenty new gold anomalies across the licence area, the presence of historical gold mines immediately to the north of the project, and the presence of coarse grained Archean sedimentary rocks with a strike length over 18 kilometres from north to south across the project. 'We believe that the Pilbara region of Western Australia has the potential to hold some of the largest major gold deposits in Australia and we look forward to updating shareholders on our progress.' At 9:13am: (LON:GGP) Greatland Gold PLC share price was +0.08p at 0.74p Story provided by StockMarketWire.com

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