Greatland Gold PLC First Drilling Campaign at Black Hills Commences (9385E)
09 Luglio 2019 - 11:33AM
UK Regulatory
TIDMGGP
RNS Number : 9385E
Greatland Gold PLC
09 July 2019
9 July 2019
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
Greatland Gold plc
("Greatland" or "the Company")
Greatland Commences First Drilling Campaign at Black Hills
Further to the announcements of 7 May 2019 and 30 May 2019,
Greatland Gold plc (AIM:GGP), the precious and base metals
exploration and development company, is pleased to announce that it
has commenced its first drilling campaign at Greatland's 100%-owned
Black Hills gold project in the Paterson region of Western
Australia.
The drill programme includes approximately 20 Reverse
Circulation ("RC") drill holes to depths of up to 300m for
approximately 6,000m of drilling. The drill programme has been
designed to test an Induced Polarisation ("IP") chargeability
anomaly, approximately 1,400m in length, which is spatially
coincident with gold mineralisation identified at surface.
Gervaise Heddle, Chief Executive Officer, commented: "We are
excited to have commenced Greatland's first drilling campaign at
Black Hills. Following encouraging field and geophysical work, the
team believes that Black Hills, which sits adjacent to our Havieron
licence and has displayed potential for near-surface gold
mineralisation, could become Greatland's second significant project
in the highly prospective Paterson region. It is therefore a high
priority target for the Company and we look forward to updating
shareholders on our progress."
Enquiries:
Greatland Gold PLC
Gervaise Heddle/Callum Baxter
Tel: +44 (0)20 3709 4900
Email: info@greatlandgold.com
www.greatlandgold.com
SPARK Advisory Partners Limited (Nominated Adviser)
Andrew Emmott/James Keeshan
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/Alexis Gore/Joe Quinlan
Tel: +44 (0)20 7618 9100
Notes for Editors:
Greatland Gold plc is London listed (LON:GGP) natural resource
exploration and development company with a current focus on gold,
copper and nickel exploration projects.
The Company has six main projects; four situated in Western
Australia and two in Tasmania. All projects are 100% owned by
Greatland.
In March 2019, Greatland signed a Farm-in Agreement with
Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest
Mining Limited (ASX:NCM), to explore and develop Greatland's
Havieron gold-copper project in the Paterson region of Western
Australia. Newcrest has the right to acquire up to a 70% interest
in a 12 block area within E45/4701 that covers the Havieron target
by spending up to US$65m.
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
DRLFMGGNLLGGLZG
(END) Dow Jones Newswires
July 09, 2019 05:33 ET (09:33 GMT)
Grafico Azioni Greatland Gold (LSE:GGP)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Greatland Gold (LSE:GGP)
Storico
Da Apr 2023 a Apr 2024