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Greatland Gold starts gearing up for Firetower drill programme

"We are very pleased to have commenced field activities ahead of a drill programme that could begin to unlock the true potential of this project,” said Gervaise Heddle.

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Drilling is expected to start in one week.

Greatland Gold PLC (LON:GGP) told investors it has begun preparations for a drill programme at the Firetower gold project in Tasmania.

The company plans to drill 15 holes, for a total of 2,000 metres, to test the centre of the chargeability anomaly at Firetower and additional drilling will test the previously undrilled Firetower East area.

READ: Greatland Gold extends range of Black Hills exploration target

"We are very pleased to have commenced field activities ahead of a drill programme that could begin to unlock the true potential of this project,” said Gervaise Heddle, Greatland chief executive.

“The current programme is designed to test sections of the large chargeability anomaly, approximately 1,000 metres long, that was identified by the results of last year's 3DIP survey.

“Importantly, the results of that earlier survey illustrated that the existing sub-surface gold mineralisation identified by previous drilling at Firetower is spatially associated with the 3DIP anomaly."

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Price: 12 GBX

AIM:GGP
Market: AIM
Market Cap: £452.9 m
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