Greatland Gold Plc, a precious and base metals exploration and development company, has announced that results from geophysical surveys have outlined several new high-priority targets at its Scallywag prospect in the Paterson region of Western Australia.
The Scallywag prospect sits only 6 km west of the company’s Havieron prospect, which is under a farm-in agreement with Newcrest. Many of the targets show similar geophysical characteristics to Havieron.
Highlights
- Multiple chargeability responses identified from six IP traverses that were completed over 2 km of strike.
- Several high priority drill targets identified from a review of IP, gravity and magnetic data:
- Kraken: A high intensity ‘bullseye’ magnetic anomaly with the same amplitude, character and depth extent as observed at Havieron. IP results indicate a strong chargeability anomaly coincident with the Kraken magnetic anomaly.
- Barbossa: A large 2 by 1 km residual gravity anomaly located in a structural corridor 3.5 km west of the hinge of the Scallywag dome. Barbossa has semi-coincident gravity and IP chargeability anomalies.
- Blackbeard: An elongate 2.6 km by 400 m ultra high intensity magnetic anomaly with a coincident moderate amplitude gravity feature. The IP chargeability response at Blackbeard is observed over 800 m of strike.
- London: Located in a gravity low interpreted to be an intrusive rock within the hinge zone of the Scallywag antiform. The London target IP response is seen over 400 m of strike as discrete chargeability anomalies.
- Greatland expects to drill test these four targets during the next field season and will be conducting additional IP surveys over the southern portion of the Scallywag prospect area at that time.
Gervaise Heddle, CEO, commented: “We are very pleased that these results have successfully generated multiple new high priority drill targets at Scallywag, many of which share similar geophysical characteristics to Havieron. The identification of this first round of highpriority drill targets further reinforces our view regarding the prospectivity of the Scallywag prospect area itself and the Paterson region more generally, a region which we believe could hold multiple tier one gold-copper deposits. We plan to accelerate drilling of these new targets in the next field season, while also carrying out additional work over Scallywag’s southern area to identify further targets.”