Drilling commences at Greatland Gold and Rio Tinto JV the Paterson South Project
Published by Isabelle Keltie,
Editorial Assistant
Global Mining Review,
Greatland Gold has announced the commencement of its maiden drilling campaign at the Paterson South Project which is under a farm-in and joint venture arrangement with Rio Tinto Exploration. Exploration drilling has begun at the Stingray target on the Budjidowns tenement which is located north of Greatland’s world class Havieron gold-copper project.
Highlights
- Drilling has commenced at the Stingray target which is an underexplored magnetic anomaly within the Budjidowns tenement.
- Drilling will commence shortly at the Decka target which is a combined magnetic and conductive anomaly within Proterozoic sediments, similar to Havieron.
- Both targets are modelled within 250 m of surface, making them shallower than Havieron.
Greatland Managing Director, Shaun Day, commented: “We are delighted to immediately commence our maiden drilling campaign at the Paterson South Project. The rapid commencement of drilling following entry into the farm-in and joint venture arrangement with Rio Tinto Exploration is testament to both the high quality of the targets and Greatland’s drive to rapidly unlock greater value from our Paterson Province exploration portfolio.”
Overview of the Paterson South Project tenements and drilling campaign
Greatland has commenced its first drilling programme at the Paterson South Project within four weeks of entering into the farm-in and joint venture arrangement with Rio Tinto Exploration and becoming project manager. The Company will be applying the technical knowledge built through the discovery of Havieron to the Paterson South Project. The application and interpretation of geophysical surveys (magnetic and electromagnetic) was key in the Havieron discovery and is central to Greatland’s strategy at Paterson South.
Diamond drilling is underway on the highly prospective Stingray target which is a magnetic anomaly 10 km along strike N-NW of the Havieron magnetic anomaly, itself associated with mineralisation.
Further, reverse circulation (RC) drilling is planned at the Decka target, which is a basement magnetic and conductive anomaly 20 km NW of Havieron. Both targets show consistent periodicity in that Stingray is ~10 km from Havieron and Decka is ~10 km from Stingray on the same trend. This may indicate a consistent paragenesis for all three anomalies.
Read the article online at: https://www.globalminingreview.com/mining/27062023/drilling-commences-at-greatland-gold-and-rio-tinto-jv-the-paterson-south-project/
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