The precious and base metals exploration and development company Greatland Gold (GGP ) has commenced its 2022 exploration programme with partner Newcrest Mining in Australia.
The exploration programme, which is now underway under the company’s Juri Joint Venture with Newcrest in the highly prospective Paterson province of Western Australia, will drill three high-priority targets in June 2022 across the Paterson Range East and Black Hills licences.
The work of the 2022 exploration programme will be centred around the discovery of significantly sized gold-copper deposits similar to the Haverion, Telfer and Winu project.
The Paterson Range East licence lies around 25km north of the company’s Havieron gold-copper project, covering 224 square km of Proterozoic basement rocks prospective for Havieron style gold-copper mineralisation while the Black Hills licence covers 25 square km and lies around 20km west of Havieron and 30km northeast of Newcrest’s Telfer Gold Mine.
A programme of soil sampling along existing tracks has been completed and submitted for geochemical analysis, to assist in identification of undercover geology and potential subtle mineralisation trends, while an aerial and ground electromagnetic data review is underway.
Shares in Greatland Gold were trading 3.71% higher during Tuesday late morning at 10.47p.
The programme will also involve the company undertaking gravity data reprocessing, aimed at refining existing and generating new targets. Meanwhile, heritage clearances will also be completed with establishment of camp infrastructure underway ahead of the drill programme.
The planned work agreed upon between the JV partners is being funded solely by Newcrest.
Commenting this morning, Shaun Day, Managing Director of Greatland Gold told investors: “After a promising first year programme, we are excited to commence on-the-ground activities for the second year exploration and drilling campaign under the Juri JV with Newcrest.”
There is an enhanced, rich source of information available to interpret from including prior year’s drilling results, aerial and ground electro magnetic data and the Juri JV teams have used this to identify promising high priority targets to be drilled over the next few months.
The Juri JV campaign forms part of our wider exploration portfolio in the highly prospective Paterson region and represents another opportunity to add value to the Company.”
He added: “In addition, we look forward to moving ahead with upcoming exploration activities at our other 100% owned licences to take advantage of our strong position in the region.”
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