logo-loader
viewGreatland Gold PLC

Greatland Gold identifies new drill targets at Scallywag prospect

The four new targets, Kraken, Barbossa, Blackbeard and London will be tested in the next field season

Greatland Gold PLC - Greatland Gold identifies new drill targets at Scallywag prospect
Additional surveys are planned at Scallywag in the near future to identify more drilling targets

Greatland Gold PLC (LON:GGP) has identified four new drill targets at its Scallywag prospect in Western Australia following geophysical surveys at the site.

The AIM-listed miner said the four targets, Kraken, Barbossa, Blackbeard and London, had been identified through an induced polarisation (IP) survey across the northern portion of the prospect and will be tested in the next field season.

WATCH: Greatland Gold's Gervaise Heddle outlines new drill targets at Scallywag

Additional IP surveys will also be undertaken at the southern portion of the prospect to identify more potential drilling targets.

“The identification of this first round of high-priority drill targets further reinforces our view regarding the prospectivity of the Scallywag prospect area”, said Greatland’s chief executive Gervaise Heddle.

He added that the new targets also bolstered the company’s view that the Paterson region, where Scallywag is located, holds “multiple tier-one gold-copper deposits”.

In mid-morning trading on Wednesday, Greatland’s shares were down 1.8% at 1.7p.

Quick facts: Greatland Gold PLC

Price: 10 GBX

AIM:GGP
Market: AIM
Market Cap: £368.84 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Greatland Gold PLC named herein, including the promotion by the Company of Greatland Gold PLC in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Gold producers and 'favoured explorers' enjoying continued strong run

Mining Capital's Alastair Ford discusses the continued strength of the gold price. ''Gold has been one of the big winners out of the coronavirus crisis ... everyone can see there's more money being printed because of the massive economic uncertainty and in the medium term President Trump is...

1 week, 3 days ago

2 min read