Greatland Gold reveals positive IP results at Black Hills ahead of drilling campaign

Greatland Gold’s recent Induced Polarisation (IP) survey at its Black Hills licence has successfully extended by a further 400m the strike length of a chargeability anomalyspatially coincident with gold mineralisation identified at surface.The total length of the anomaly now exceeds 1,400m. Meanwhile, new drill targets have been selected for a first drilling campaign scheduled to commence in early July.

Gervaise Heddle, Chief Executive Officer, commented:“We are very pleased by these results which further extend the length of the large chargeability anomaly to over 1,400m. The 1,000m of strike previously identified, which is spatially coincident with gold mineralisation identified at surface, has been successfully proven to continue for a further 400m to the south-east, whilst still remaining open to the south. 

“As a result of this positive outcome and recent field reconnaissance, we have been able to further refine target drill locations for Greatland’s first drilling campaign at Black Hills, which is expected to commence in the next four or five weeks.”

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Key Developments

• Results of the recent IP survey confirm the location of the chargeability anomaly identified in 2018 and extend the anomaly a further 400m to the south-east.
• Total strike length of the chargeability anomaly has increased from approximately 1,000m of strike to approximately 1,400m.
• Systematic evaluation of historic IP datasets, combined with new IP data and field geological reconnaissance, has enabled new drill targets to be selected. 
• New drilling plan has been designed to test the central parts of the Black Hills Dome where the IP chargeability anomaly and surface gold mineralisation are located, and the southern portion of the prospect where the IP anomaly has been extended by results of the recent IP survey.
• Maiden drilling programme of approximately 6,000m, comprising more than twenty Reverse Circulation (“RC”) drill holes of depths up to 300m, is expected to commence by early July.

The Black Hills licence lies 30 km east of the large Telfer gold mine. Covering 25 square kilometres it sits adjacent to the Company’s Havieron exploration licence. The Black Hills area is regarded as having high potential for hosting gold deposits similar in style to Newcrest’s Telfer Mine.

In June 2018, Greatland commenced it first exploration campaign at Black Hills. Multiple gold nuggets were found in thin sand cover within the first few days of the campaign, establishing the presence of high-grade gold mineralisation at surface at the Saddle Reefs prospect.

The Company’s Paterson project comprises the Havieron, Paterson Range East, and Black Hills licences, located in the Paterson region of northern Western Australia. The three licences collectively cover more than 385 square kilometres and are prospective for Telfer style gold-copper deposits.