Greatland Gold plc, a precious and base metals exploration and development company, has announced the commencement of diamond drilling activities at the Derby North prospect within the company’s 100% owned Warrentinna gold project in Tasmania, Australia.
The Warrentinna project hosts many known gold occurrences including the Derby North prospect. Greatland has previously conducted limited reverse cir-culation (RC) drilling at the Derby North prospect which returned results includ-ing 1 m @ 103.25 g/t gold, 12 m @ 3.05 g/t gold and 24 m @ 2.6 g/t gold.
RC drilling to date at Derby North has outlined a gold mineralised system approximately 150 m long and 100 m wide which is open, particularly to the north and east, and at depth. Mineralisation is from surface and all holes drilled to date have generally only penetrated to 100 m below surface. The new drilling programme is the company’s first diamond drilling programme at Derby North and details are provided below.
- Two diamond holes will ‘twin’ two historic RC drill holes at the Derby North prospect to a depth of approximately 125 m each (for a total of 250 m of drill-ing).
- Drill core and data collected from the diamond holes will be used to deter-mine if similarities exist between the style of mineralisation at Derby North and the Orogenic-type gold occurrences in central Victoria.
- It is expected that the data collected from the programme, including drill core, continuous XRF data and ultra-high resolution photography, will signifi-cantly enhance the existing data set.
- The enhanced data will help to evaluate the project’s potential and assist with the potential divestment of the project, in line with our previously stated strategy to seek to divest non-core projects and focus on those assets which present the opportunity to deliver significant shareholder value in the medium term.
Gervaise Heddle, CEO, commented: “We are pleased to have commenced a targeted, low-cost drilling programme at Warrentinna which aims to provide us with valuable information regarding the style of mineralisation and will assist in evaluating the potential of the project. In particular, the drill core and associat-ed data will be assessed to determine whether the style of mineralisation at Warrentinna is similar to that seen in the central Victorian goldfields, a world-class gold province.”
Read the article online at: https://www.globalminingreview.com/exploration-development/12112019/greatland-commences-new-drilling-programme-at-warrentinna/