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Greatland Gold new exploration campaign & drilling approval at Black Hills

Western Australian Premier Urged Not To Increase Gold Royalty Rates

Greatland Gold has announced a new exploration programme and the receipt of drilling approvals at its 100% owned Black Hills licence in the Paterson region of Western Australia.

It marks an acceleration in Greatland’s plans at Black Hills following the recent collection of multiple pieces of gold and gold nuggets at surface.

Highlights of New Exploration Programme

  • New exploration programme at Black Hills to commence next week following the receipt of drilling approvals from the Australian Department of Mines, Industry Regulation and Safety;
  • First phase of new exploration programme includes plans for a 3D Induced Polarisation (“3DIP”) survey covering a strike length of 1,200 metres over the high grade gold mineralised zone identified at the Saddle Reefs prospect during recent field work (see announcements dated 21 June 2018 and 2 July 2018) and areas immediately to the north and south of that zone;
  • A review of historical Induced Polarisation (“IP”) data collected at Black Hills has highlighted the potential for 3DIP geophysics to assist in outlining the orientation and depth potential of gold mineralisation that has been identified at surface;
  • 3DIP survey is expected to take approximately two weeks to complete and survey data will be processed with modern inversion techniques to provide detailed 3D chargeability and resistivity models which will assist with drill programme planning.

Gervaise Heddle, Chief Executive Officer, said “Recent exploration success at Black Hills, including the collection of multiple pieces of gold and gold nuggets at surface, has clearly highlighted the licence’s prospectivity for high-grade, near-surface gold mineralisation. The identification of visible gold at surface means that exploring Black Hills’ potential will be a relatively low-cost and low-risk endeavour, but one with substantial upside potential.

“We are delighted to have Black Hills and Havieron as part of our portfolio of 100% owned projects, and we believe that both of these high priority targets have the potential to deliver significant shareholder value in the long term.”

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