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Greatland Gold begins exploration campaign, announces maiden drilling at Black Hills licence

The precious metals explorer said it would begin the programme with a high powered, deep sensing Induced Polarisation survey, with drilling scheduled for early June

Drilling
The maiden drilling programme with consist of 20 holes for a total of 6,000 metres

Greatland Gold PLC (LON:GGP) has started a field exploration campaign at its Black Hills licence in Western Australia while also announcing plans for a maiden drilling programme at the site.

The precious metals explorer said it would begin the programme with a high powered, deep sensing Induced Polarisation (IP) survey, a geophysical imaging technique designed to detect underground materials such as ore.

READ: Newcrest now getting down to business on Greatland Gold’s Havieron project

Greatland said the IP survey was looking to extend an anomaly identified by a similar survey last year, with a maiden drilling programme scheduled to begin in early June that would include 20 holes for a total of 6,000 metres of drilling.

"The high powered, deep penetrating IP survey at Black Hills is designed to test whether the large, chargeability anomaly that was previously identified over 1,000m of strike, and which is spatially coincident with gold mineralisation identified at surface, continues further to the south-east”, said Gervaise Heddle, Greatland’s chief executive.

"We intend to immediately follow up this survey by commencing Greatland's first drilling campaign at Black Hills in early June. It is set to be a busy exploration season this year and we look forward to pursuing multiple exciting exploration targets at Black Hills".

In mid-morning trading on Tuesday, Greatland shares were 0.6% lower at 1.6p.

Quick facts: Greatland Gold PLC

Price: 1.79 GBX

AIM:GGP
Market: AIM
Market Cap: £64.03 m
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