logo-loader
viewGreatland Gold PLC

Greatland Gold sets out work programme for the Juri joint venture with Newcrest Mining

Greatland Gold has a track record of significant exploration success in the Paterson region

Greatland Gold PLC -

Greatland Gold PLC (LON:GGP) has announced details of the initial 2021 work programme for the Juri joint venture, including drilling of several targets within the Paterson Range East and Black Hills licences.

Multiple additional targets within the Juri joint venture have been identified following analysis of results of a heliborne airborne electromagnetic survey conducted last year, and further geological interpretation of regional aeromagnetics. 

Exploration work at the Juri joint venture is focussed on the discovery of intrusion related gold-copper deposits similar to Havieron, Telfer and Winu.

Initial drilling will focus on high priority targets Los Diablos, Goliath, Outamind and Parlay.

Ground electromagnetics surveys will be conducted over several new targets identified following interpretation of airborne electromagnetic data to better locate and prioritise targets.

Camps and infrastructure are being established, with field activities scheduled to commence in the coming weeks.

"It is with great excitement that we announce plans to begin exploration under our second joint venture with Newcrest in the Paterson region,” said Shaun Day, chief executive of Greatland Gold.

“Drilling will commence in the coming weeks at our Paterson Range East and Black Hills licences, testing the high-priority targets Parlay, Goliath, Outamind and Los Diablos. The joint venture will also look to progress several additional compelling targets that have emerged following analysis of geophysical data. The Juri JV campaign forms part of our multi-pronged exploration strategy for 2021 in the highly prospective Paterson region. As Juri JV drilling gets underway, this will complement the ongoing work at Havieron with 65,000 metres of growth drilling planned in the next six months together with our exploration activities at our 100% licences across the region."

 

Quick facts: Greatland Gold PLC

Price: 22 GBX

AIM:GGP
Market: AIM
Market Cap: £856.06 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

Greatland Gold's Gervaise Heddle highlights 'tremendous numbers' from recent...

Greatland Gold's (LON:GGP) Gervaise Heddle speaks to Proactive's Andrew Scott following a December quarterly update from Newcrest Mining (ASX:NCM). He talks through what he describes an 'another great set of results' from drilling at Havieron. He says the numbers are very consistent with the...

on 28/1/21

2 min read