This morning, AIM-listed metals exploration & development company Greatland Gold (GGP) announced it has detected high grade gold at its prospect in Western Australia.
The company said it detected high grade gold in multiple rock chip samples from its 100% owned Black Hills site.
This comes after Greatland Gold began its Black Hills exploration campaign in June 2018, where the company discovered multiple gold nuggets in thin sand cover.
As part of this exploration, Greenland also collected 28 samples of rock chip from the Saddle Reefs and Roger prospect.
Although these samples did not contain any visible gold, lab testing has now revealed that 11 of the 28 samples returned gold values of over 10g/t gold.
These 11 samples were across a range between 81.7g/t and 12.4g/t.
Rock chip results also returned high silver values of up to 106.1g/t silver.
Shares in the company were up 17% on the news.
CEO Gervaise Heddle said: "We are delighted by these results which significantly extend the strike length of surface gold mineralisation at the Saddle Reefs prospect and further highlight the potential for Black Hills to host a large, high-grade gold deposit.
“Given these exciting results, we intend to quickly move forward with our exploration efforts at Black Hills and we look forward to receiving the results from the recent 3DIP survey which will be used to assist with planning Greatland's first drill campaign at Black Hills.”
Greatland Gold is a London-listed natural resource exploration and development company with a current focus on gold, nickel and cobalt exploration projects.
The company has six main projects - four in Western Australia and two in Tasmania - and all projects are 100% owned by Greatland, or Greatland has the right to take 100% ownership.
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