Greatland Gold PLC

Greatland Gold begins exploration campaign, announces maiden drilling at Black Hills licence

The precious metals explorer said it would begin the programme with a high powered, deep sensing Induced Polarisation survey, with drilling scheduled for early June

The maiden drilling programme with consist of 20 holes for a total of 6,000 metres

Greatland Gold PLC (LON:GGP) has started a field exploration campaign at its Black Hills licence in Western Australia while also announcing plans for a maiden drilling programme at the site.

The precious metals explorer said it would begin the programme with a high powered, deep sensing Induced Polarisation (IP) survey, a geophysical imaging technique designed to detect underground materials such as ore.

READ: Newcrest now getting down to business on Greatland Gold’s Havieron project

Greatland said the IP survey was looking to extend an anomaly identified by a similar survey last year, with a maiden drilling programme scheduled to begin in early June that would include 20 holes for a total of 6,000 metres of drilling.

"The high powered, deep penetrating IP survey at Black Hills is designed to test whether the large, chargeability anomaly that was previously identified over 1,000m of strike, and which is spatially coincident with gold mineralisation identified at surface, continues further to the south-east”, said Gervaise Heddle, Greatland’s chief executive.

"We intend to immediately follow up this survey by commencing Greatland's first drilling campaign at Black Hills in early June. It is set to be a busy exploration season this year and we look forward to pursuing multiple exciting exploration targets at Black Hills".

In mid-morning trading on Tuesday, Greatland shares were 0.6% lower at 1.6p.

Quick facts: Greatland Gold PLC

Price: £0.02

Market: AIM
Market Cap: £62.47 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Greatland Gold PLC named herein, including the promotion by the Company of Greatland Gold PLC in any Content on the Site, the Company receives...



Mining Capital's Alastair Ford charts continued strength in gold price

Mining Capital's Alastair Ford addresses suggestions gold could be heading towards a new high of $2000/oz. ''I think that's quite an ambitious target to be setting at this point ... the next breakout number $1525/oz and thereafter the chartists will look for something like $1560/oz''. ''If...

on 16/8/19

2 min read