Greatland Gold acquires new exploration licence in Western Australia

Highlights:

E38/3775 covers more than 50 km of strike length of the highly prospective Ernest Giles Yilgarn Craton Archean greenstone belt, with very limited previous exploration.

The existing land access agreement covers the new tenement and allows on-ground activities this year as part of Greatland’s broader Ernest Giles Project programme.

Geologically, the complexity of the structure on the Mount Smith tenement, combined with favourable lithologies, makes it ideal for the formation of structurally controlled orebodies as seen throughout the Eastern Goldfields.

Greatland Managing Director, Shaun Day, commented:

“The granting of the Mount Smith tenement at our Ernest Giles prospect more than doubles our exploration ground in the underexplored and highly prospective Eastern Goldfields of Western Australia.

“Ernest Giles has been a priority project for Greatland, and especially so, since agreeing land access last year. Accordingly, we are delighted to increase the size and prospectivity of our ground there, which enhances our opportunity for a discovery at Ernest Giles.

“We are busy working on an updated Ernest Giles exploration programme, incorporating geophysical surveys at Mount Smith. Our intent is to commence a substantial drilling programme on the Meadows prospect at Ernest Giles in the second half of this year.”

Read the article online at: https://www.globalminingreview.com/mining/25042024/greatland-gold-acquires-new-exploration-licence-in-western-australia/