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Greatland 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: 1.66 GBX

Market: AIM
Market Cap: £59.38 m
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