Greatland Gold new exploration programme at Firetower project, Tasmania
Greatland Gold plc (LON:GGP), the precious and base metals exploration and development Company, has announced a new exploration programme at its 100% owned Firetower gold project in Tasmania, Australia.
A technical review of the Firetower project has highlighted the potential for Induced Polarisation (“IP”) geophysics to assist in outlining the trend of gold mineralisation in areas untested by previous drilling. To this end, the Company has received all required approvals for a 3D Induced Polarisation (“3DIP”) survey and fieldwork is expected to commence within the next week.
Highlights of New Exploration Programme
- New exploration programme includes plans for a 3DIP survey covering a strike length of 1.6km over the immediate gold mineralised zone at Firetower, and will also cover high priority target areas to the immediate west and east;
- Survey data will be processed with modern inversion techniques to provide accurate 3D chargeability and resistivity models, and the results will be used to plan a follow up drilling campaign currently scheduled for Q4 2018;
- If the current exploration campaign is successful, then this exploration model may be extended across the entire prospective sequence at Firetower which currently has been identified over approximately 4 kilometres of strike.
Results from the survey will be used to plan a follow-up drilling campaign currently scheduled for Q4 2018, but may be brought forward if ground conditions are suitable.
Gervaise Heddle, Chief Executive Officer, commented: “This is one of three drilling and exploration campaigns announced by Greatland Gold in 2018, as we continue to deliver on our commitment to advance exploration at our portfolio of projects. The new exploration programme at Firetower aims to unlock the true potential of this high grade near surface deposit, which has the potential to extend across four kilometres of strike, and to advance the project towards its exploration target of one million ounces of gold.”