Panorama project: New licence application

RNS Number : 8241P

Greatland Gold PLC

31 May 2018

 

31 May 2018

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

Greatland Gold plc

("Greatland" or "the Company")

Panorama project: New licence application

Greatland expands Panorama project with third exploration licence application

Greatland Gold plc (LON:GGP), the precious and base metals exploration and development Company, is pleased to announce that it has received notification from the Western Australian Department of Mines, Industry Regulation and Safety ("DMIRS") that it won a government conducted ballot in regards to the Company's application for licence E46/1170. Consequently, Greatland's application for E46/1170 has preference and DMIRS has recommended the licence be granted to the Company.

The new licence application E46/1170 covers an area of approximately 25 square kilometres and sits adjacent to both of Greatland's existing Panorama project licences, E45/4936 (granted) and E46/1166 (application). The new licence expands Greatland's total licence area, including granted licence and applications, to 155 square kilometres.

Greatland's first exploration campaign at Panorama (see announcement dated 21 December 2017) highlighted the presence of several gold anomalies within the southern licence (E46/1166) and confirmed the potential for a high grade zone of gold mineralisation, approximately 3.2 kilometres long, in the northern licence (E45/4936).

Gervaise Heddle, Chief Executive Officer, commented: "We are very pleased to expand our footprint in the Pilbara region and to consolidate the ground adjacent to our existing licences. We look forward to providing an update regarding our exploration plans at Panorama once we complete a full technical review of the new licence area."

An updated licence area map for the Panorama project will be made available on the Company's website within the next few business days.

Additional information on the Panorama project can be found on the Company web site at www.greatlandgold.com/projects.

 

Enquiries:

Greatland Gold PLC

Callum Baxter/Gervaise Heddle

Tel [phone]

Email:  [e-mail]

www.greatlandgold.com

SPARK Advisory Partners Limited (Nominated Adviser)

Mark Brady/Andrew Emmott/James Keeshan

Tel [phone]

SI Capital Limited (Broker)

Nick Emerson/Alan Gunn

Tel  [phone]

Luther Pendragon (Media and Investor Relations)

Harry Chathli/Ana Ribeiro/Alexis Gore

Tel [phone]

Notes for Editors:

Greatland Gold plc is London listed (LON:GGP) natural resource exploration and development company with a current focus on gold and nickel exploration projects.  

The Company has six main projects; four situated in Western Australia and two in Tasmania.  All projects are 100% owned by Greatland.  

Greatland is seeking to identify large mineral deposits in areas that have not been subject to extensive exploration previously.  It is widely recognised that the next generation of large deposits will come from such under-explored areas and Greatland is applying advanced exploration techniques to investigate a number of carefully selected targets within its focused licence portfolio.

The Company is also actively investigating a range of new opportunities in precious and strategic metals and will update the market on new opportunities as and when appropriate.

 

END

 

 

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