Wed, 1st Sep 2021 07:00
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1 September 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Greatland Gold plc
("Greatland" or "the Company")
First Results from Drilling Campaign at Juri Joint Venture
Preliminary results from initial four drill holes with first gold identified at Goliath
Greatland Gold plc (AIM:GGP), a leading development and exploration company with a focus on tier-one gold-copper deposits, is pleased to announce the first set of preliminary drill results from the initial 2021 drill programme at its Juri Joint Venture ("Juri JV") with partner Newcrest Mining Limited ("Newcrest") in the Paterson province of Western Australia. Results have been received for the first four holes sampled from the nine drill holes completed.
Highlights
§ First phase of Juri JV drilling programme completed on the Paterson Range East and Black Hills tenements, forming the Juri JV with Newcrest
§ Gold assays from first four assayed holes of Juri JV drill programme
§ At the Saddle Reefs target within the Black Hills licence an intersection of 3.5m @ 1.88g/t Au from 226.5m
§ First gold identified at the Goliath Prospect including a significant assay of 1.0m @ 1.49g/t Au from 651m
§ Assays for the remaining holes from Los Diablos, Parlay and Saddle Reef and sections of the Outamind hole expected for October 2021
§ Ground Electro-Magnetic ("Ground EM") survey due to commence in September to further refine and model various Juri JV targets
The first phase of drilling comprised nine holes for 4,958m testing five targets including five holes at the Goliath, Outamind and Los Diablos targets on the Paterson Range East licence and four holes at the Parlay and Saddle Reefs targets on the Black Hills licence.
Shaun Day, Chief Executive Officer of Greatland Gold plc, commented: "We are delighted to receive the first set of results from the maiden drilling campaign under our Juri JV with Newcrest. Intercepting gold mineralisation from our initial assays is an excellent result. Greatland will now recalibrate our Juri JV targets based on this initial information as well as the assays pending from the five remaining drill holes and combined with the new proposed Ground EM survey.
"These initial results build confidence regarding the prospectivity of the assets under the Juri JV. With Newcrest funding the exploration programme, our Juri JV programme presents an opportunity to deploy our proven expertise and potentially deliver further exploration upside for our shareholders."
In addition to this release, a PDF version of this announcement with supplementary information can be found at the Company's website: www.greatlandgold.com/media/jorc/
