Further Gold Found in Surface Samples at Black Hills
Further to the announcements of 18 June 2018 and 21 June 2018, Greatland Gold plc (AIM: GGP), the precious and base metals exploration and development company, has announced that additional gold pieces have been recovered from surface samples at its 100% owned Black Hills licence in the Paterson region of Western Australia.
On 21 June, Greatland announced that multiple pieces of gold had been recovered from surface during the first few days of the Company’s maiden exploration campaign. Since that time, the field team have continued to collect surface samples. Prospective rock sequences have been observed at several areas with numerous indications of mineralisation in bedrock. Further gossanous samples have been collected from outcrop and additional primary gold mineralisation has been located in bedrock at the Saddle Reefs area where gold is present as coarse pieces in rock samples from surface. These extra finds add significantly to gold pieces already located and have extended the strike length of gold in bedrock at Saddle Reefs to approximately 200m (previously reported 150m), with the northern and southern strike extent of the mineralised sequence being obscured by a thin veneer of sand cover.
Greatland is currently reviewing a range of exploration options, which will initially focus on determining the potential extent of the zone of high grade gold mineralisation at Saddle Reefs, and the Company expects to make an announcement regarding its future plans for Black Hills within the next few weeks.
Selected photos of recently collected samples, including gold in bedrock and gold nuggets, from the Black Hills licence can be found under the ‘Black Hills’ section of the Paterson project page on the Company’s web site at www.greatlandgold.com/paterson/.
The Black Hills licence covers 25 square kilometres in the Paterson Region of Western Australia and lies adjacent to the Company’s Havieron licence. Previous work by companies including Newcrest Mining Limited has outlined several zones of gold mineralisation in rocks equivalent to those of the large Telfer gold deposit (27m oz) which lies 30km to the west. Management believes that the gold mineralisation identified to date on the Black Hills licence may extend into the north western portion of Greatland’s Havieron licence.
Gervaise Heddle, Chief Executive Officer, commented: “Greatland’s first exploration campaign at Black Hills has clearly established the presence of high grade gold mineralisation at surface across a 200 metre strike length at the Saddle Reefs prospect. Given this exciting start, we intend to accelerate our exploration efforts at Black Hills which will initially focus on determining the potential extent of the zone of high grade gold mineralisation at Saddle Reefs. Results from rock chip sampling will be announced to the market in due course.”
Additional information on the Black Hills licence can be found under ‘Paterson’ on the Company web site at www.greatlandgold.com/projects.