Greatland Gold PLC

Greatland Gold kicks off Black Hills drill programme

"We are excited to have commenced Greatland's first drilling campaign at Black Hills,” said Gervaise Heddle.

gold
It will comprise 6,000 metres of drilling

Greatland Gold PLC (LON:GGP) shares advanced on Tuesday after the firm told investors that it has begun a drill programme at the Black Hills gold project, in the Paterson region of Western Australia.

It is the first drill programme at Black Hills and it will comprise a total of 20 holes. The Company expects to drill around 6,000 metres.

READ: Greatland gets excited about early results from Panorama

The aim is to test an anomaly that has been estimated to be around 1,400 metres in length, which is spatially coincident with gold mineralisation seen at surface.

"We are excited to have commenced Greatland's first drilling campaign at Black Hills,” said Gervaise Heddle, Greatland chief executive.

“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," he added.

In afternoon trading, shares in Greatland Gold were 6.9% higher at 1.85p.

 -- Adds share price --

 

Quick facts: Greatland Gold PLC

Price: £0.02

Market: AIM
Market Cap: £59.49 m
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