Greatland Gold plc, a precious and base metals exploration and development company, has announced that it has lodged two applications for new exploration licences adjacent to existing licences at the company's 100% owned Ernest Giles project in Western Australia.
The two exploration licence applications of Mount Smith (E38/3612) and Welstead Hill (E38/3613) cover a total area of 1070 km2 and join existing tenure at the Ernest Giles project located approximately 250 km north-east of Laverton in the goldfields of Western Australia. These new applications increase the footprint of the project from 880 km2 to 1950 km2. The new licence applications cover a prospective Archean greenstone rock sequence and were acquired following an internal review of historical and recent regional exploration data which concluded the broader project area is prospective for gold, nickel and base metals mineralisation.
Ahead of the expected grant of the licences, Greatland will focus on enhancing its targeting criteria and refine locations for future drill holes.
Shaun Day, CEO of Greatland Gold plc, commented: "The new licences represent an excellent opportunity to double the size of our footprint across the under-explored Ernest Giles greenstone belt. Following a detailed internal review of exploration data, we have identified compelling structural targets in an area containing dense and magnetic units of Archean greenstone sequences, with potential for gold, nickel and base metals mineralisation.
"This aligns with our strategy to seek to discover Tier 1 deposits both through the ramp-up of exploration activities across our existing 100% owned licences and by identifying new opportunities that can bring value to Greatland. We look forward to reporting progress on the two applications in due course."
Read the article online at: https://www.globalminingreview.com/exploration-development/05042021/greatland-gold-files-applications-to-expand-ernest-giles-footprint/