First phase of drilling completed at Greatland’s Paterson South Project

Diamond core (DD) and deep reverse circulation (RC) drilling was successfully completed at the Stingray and Decka targets at the Budjidowns tenement, both located along strike and within 20 km of Greatland’s Havieron gold-copper project.

Highlights:

• Drilling effectively tested the magnetic source of the Stingray and Decka targets, identified as magnetite rich, mafic to intermediate metamorphosed intrusive igneous rocks.
• Peak gold assays of 0.26ppm Au and 0.17ppm Au were returned in single 1 m intervals from 305 m and 435 m respectively in Stingray DD hole BUDJ0004.
• Assay results also show moderately anomalous gold (Au) and copper (Cu) in various narrow intervals, and pathfinder geochemistry including arsenic (As) and bismuth (Bi) and tellurium (Te).
• This work has achieved the minimum commitment for the earn in by completing 2000 m of drilling and US$1.1m of expenditure.

Greatland Managing Director, Shaun Day, commented:

“We are pleased by the results from our maiden drilling programme at Budjidowns, within the Paterson South Project, where two high priority targets were successfully tested. The programme has identified the presence of anomalous gold and copper, as well as pathfinder elements which is encouraging and informative.” “The rapid commencement of drilling following execution of the joint venture with Rio Tinto Exploration is testament to Greatland’s commitment and ability to efficiently and safely explore the Paterson region, which we will continue across our expanded Paterson Province exploration portfolio.”

Read the article online at: https://www.globalminingreview.com/mining/03112023/first-phase-of-drilling-completed-at-greatlands-paterson-south-project/