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Greatland Gold announce Scallywag drill results

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Global Mining Review,

Greatland Gold plc, a precious and base metals exploration and development company, has announced the results of the remaining four drill holes from the 2020 drilling campaign at its 100% owned Scallywag licence. The company has identified multiple new targets to conduct further drill testing. Greatland's 2021 drilling in the Paterson is expected to commence in the coming weeks.

The Scallywag drill programme reported here is the first stage of an extended drilling programme across Greatland's 100% licences and the Juri joint venture (JV). During 2020, a total of seven drill holes were completed for 3761 m testing targets at the Kraken, London and Blackbeard prospects. Assay results have now been received for the remaining four holes (LOD002, LOD003, KRD002 and KRD003) in addition to the results of the first three holes released on 20 January 2021.

2020 drill results highlights

  • Drill results provide further evidence of pathfinder element anomalism potentially distal to intrusion-related mineralised systems, and potentially along strike of the current drilling.
  • At the Kraken target, assay and logging confirm the intersection of prospective target lithologies and pathfinder element anomalisms including silver, copper, bismuth and lead.

New targets identified

  • Ongoing geological interpretation, assisted by drill information and regional aeromagnetics, has identified multiple new targets within the Scallywag licence.
  • New targets include ;Architeuthis’, a 600 m long magnetic anomaly located 1 km north of Kraken and 9km north-west along strike of Havieron, and which may represent primary mineralisation along the Scallywag Synform.

High grade anomaly

  • At the London target, initial sample results reported very high-grade intercepts of silver (Ag), copper (Cu) and tungsten (W) results (872 ppm Ag, 1137 ppm Cu and >2000 ppm W) in the interval 349 – 350 m in LOD003.
  • These results were suspected to be contamination. Accordingly, prior to public release, check resampling and analysis was undertaken of washed 1/4 core and the results confirmed. Notwithstanding the confirmation, it remains probable that the interval may be caused by contamination and not representative of the rock mass. The company intends to confirm whether this may be the result of downhole contamination with follow up drilling scheduled for the upcoming drill programme.

Next steps

  • A staged exploration programme is set to methodically drill test a series of targets based on modern geological, gravity, magnetic and recently collected airborne EM datasets.
  • Targets within the 100% Scallywag licence include the Swan, Teach and Architeuthis. Targets within the Juri JV include the existing Goliath, Outamind, Los Diablos and Parlay, plus newly defined AEM targets within the Black Hills area, and Tama, N5 and A9 in the Paterson Range East area.
  • Drilling is expected to be ongoing throughout the 2021 and 2022 field seasons.

Shaun Day, CEO of Greatland Gold plc, commented: "We may only be in the first stages of an extensive drilling programme, yet these results provide further evidence that the Scallywag licence is prospective for intrusion-related mineralised systems. In particular, it is very pleasing that initial targets have once more intersected pathfinder elements associated with systems seen nearby at Havieron and Telfer, and regionally at Winu.

"Greatland has established a proven approach to exploration that brought it much success at Havieron: drill selective targets, analyse the information and refine targets to unlock value from our projects. With these encouraging initial drill results, we now have a significantly enhanced understanding of Scallywag's geology and have been able to identify multiple compelling targets that merit follow-up drilling in the coming weeks and months, particularly Swan, Teach and Architeuthis. These will form an important part of the comprehensive exploration campaign we are conducting across our 100% licences and our Juri JV."

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Australian mining news Copper mining news Silver mining news