Greatland’s Panorama Project Update
Exploration Activities at Greatland’s Panorama Project to Commence in Early October, Focusing on Potential Cobalt and Gold Mineralisation
Further to the announcement of 12 June 2017, Greatland Gold plc, the precious and base metals exploration and development company, is pleased to announce plans for the first stage of exploration activities at its Panorama project.
- Key objective of the initial exploration campaign is to outline and refine the primary target areas for further detailed ground work and potential drilling campaigns;
- Plans for initial field work include orientation drainage sampling, soil sampling and geological reconnaissance;
- Exploration activities at the Panorama project are scheduled to commence in the first week of October.
The Panorama project consists of two adjoining exploration licences, covering a total area of 130 square kilometres, in the Pilbara region of Western Australia. The Panorama project occupies a dominant and strategic position across what is potentially the largest coherent cobalt in streams anomaly in Western Australia. Stream sediment sampling data gathered by Anglo American Corporation in the early 1970s outlined a 25 kilometre long by 10 kilometre wide area of highly anomalous cobalt, but very little exploration work on the project area has been carried out since.
Greatland also notes the increasing level of precious metals exploration activity in the Pilbara region following recent announcements by Novo Resources Corporation (TSX.V:NVO) and Artemis Resources Limited (ASX:ARV) regarding high grade gold mineralisation in bulk sampling at the Purdy’s Reward prospect.
Gervaise Heddle, Chief Executive Officer, commented: “The recent sustained strength in the cobalt price supports our view that cobalt is becoming an increasingly important component in many of the new technologies that are set to reshape the future of the global energy and consumer electronics market. We intend to move quickly with our field efforts and use this first pass exploration work to outline primary targets ahead of next year’s field season.
“Greatland will be submitting soil, rock chip and drainage samples for multi-element analysis to assess the areas prospectivity for cobalt, gold and other elements. The predominant geology of the project area is greenstone and granite of the Archean Pilbara Craton, similar to the geology that hosts many major gold deposits within Western Australia.”