Ernest Giles update

RNS Number : 9187Q

Greatland Gold PLC

23 June 2015

 



23 June 2015

Greatland Gold plc

("Greatland" or "the Company")

Greatland Gold commences drilling at Ernest Giles

Following government approval, Greatland Gold plc is pleased to announce that drilling has begun at its Ernest Giles project. The Ernest Giles project is located in central Western Australia.

Highlights

·     Greatland has begun drilling gold and nickel targets at Ernest Giles

·     Drilling to include gold targets at Empress and Meadows, and the new Carnegie nickel target

·     First batch of samples are expected to be dispatched to the laboratory in the coming days

Callum Baxter, CEO, commented: "In line with our expected timetable, we are pleased to have commenced drilling gold and nickel targets at our Ernest Giles project. The project area itself is currently largely unexplored as it is covered by desert sands and sediments. The first drilling samples will be dispatched to the laboratory in the coming days and results are expected approximately four weeks after submission."

Ernest Giles Project, Western Australia

The Ernest Giles project is located in central Western Australia, covering an area of 945 square kilometres that includes over 100km of gold and nickel prospective rocks. The area is covered by desert sands and sediments, making it virtually unexplored. The region is home to several successful exploration discoveries such as Tropicana (AngloGold ASX:AGG), which contains over 7 million ounces, and Yamarna (Gold Road Resources ASX:GOR), with over 3.5 million ounces.

As previously announced, on 31 March 2015 and 3 June 2015, Greatland intends to drill several significant gold and nickel targets across the Ernest Giles licences. These targets include the surface MMI (mobile metal ion) anomalies at Empress and Meadows. Drilling will also be carried out at the Dromedary structural target in the north of the project area and at the new Carnegie nickel sulphide target which resembles the size and geophysical signature of the 'Nova' discovery by Sirius Resources NL (ASX:SIR). 'Nova' is one of the most exciting nickel sulphide discoveries in recent years.

The drill equipment has been mobilised to site and drilling has commenced. The first hole has been collared at the Empress area. The drill crew are experienced and the equipment is suitable for the task. So far, drilling productivity has been very good.

The total number of drill holes and metres that will be drilled depend on the results that are obtained and the mineralisation that is intersected. We will begin with four vertical holes, to a depth of 300m each.

The first drill samples will be dispatched to the laboratory in the coming days. Preliminary results of the drilling will be available approximately four weeks after submission to the laboratory. Greatland will provide a further update once analytical results have been received.

Enquiries:

Greatland Gold PLC

Callum Baxter

Tel [phone]

Email:  [e-mail]

www.greatlandgold.com

Grant Thornton UK LLP (Nomad)

Colin Aaronson / Richard Tonthat

Tel [phone]

SI Capital Limited (Broker)

Nick Emerson / Andy Thacker

Tel  [phone]

Finsbury (Media Relations)

Gordon Simpson / Olivia Simpson

Tel [phone]

Notes to Editors

Greatland is a mineral exploration and development company based in Australia. The principal activity of Greatland Gold plc is to explore for and develop natural resources, with a focus on gold and nickel. The Company currently has four mineral projects located in Australia, including the Ernest Giles, Bromus, Firetower and Warrentinna projects. The pipeline of projects targets highly prospective areas for large gold and nickel sulphide orebodies. The Company was established in London in 2005 and admitted to AIM in July 2006.

The board seeks to increase shareholder value through the systematic evaluation of its existing resource assets, as well as the acquisition of suitable exploration and development projects and producing assets.

Greatland has a UK and Australian based board of directors, with a head office in London and an exploration office in Australia.

Competent Persons

Information in this announcement that relates to exploration results is based on information compiled by Mr Callum Baxter, a director of Greatland Gold plc, who is a member of the Australasian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Baxter has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr Baxter consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears.

 

END

 

 

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