Greatland Gold plc Announces Drilling Results at its Ernest Giles Project in Central Western Australia
Aug 6 15
Greatland Gold plc announced the results of drilling at its Ernest Giles project in central Western Australia, including exciting nickel prospective rocks in the Carnegie area. The Ernest Giles project is located in central Western Australia, covering an area of 660km2 that includes over 100km of gold and nickel prospective rocks. The area is covered by desert sands and sediments, making it virtually unexplored. The region is home to several successful exploration discoveries such as Tropicana, which contains over 7 million ounces of gold, and Yamarna, with over 3.5 million ounces of gold. Greatland has drilled several significant gold and nickel targets across the Ernest Giles licences. These targets included the surface MMI (mobile metal ion) anomalies at Empress and Meadows. Drilling was also carried out at the Dromedary structural target in the north of the project area and at the new Carnegie nickel sulphide target, which resembles the size and geophysical signature of the 'Nova' discovery by Sirius Resources NL. 'Nova' is one of the most exciting nickel sulphide discoveries in recent years. At Carnegie, intersected a geophysical magnetic anomaly thought to be prospective for nickel sulphide mineralisation. Significantly, drilling intersected mafic intrusive rocks from 286m below the surface to end of hole at 300m. These rocks displayed very strong heamatite and magnetite alteration, supporting the presence of a mafic intrusive body prospective for nickel sulphides. Analytical results highlight the prospectivity, with elevated As and Pb to 18ppm and 40ppm, respectively, at end of hole. At Meadows, the drill hole tested anomalous surface MMI results near to the gold mineralisation discovered in previous holes. The company intersected recent siltstones and sandstones to 66m, Proterozoic shale to 230m, as well as the targeted Archean basement (to end of hole at 304m). Drilling results confirmed consistent, low-level gold to 4ppb, intersected in the Archean basement from 280m to 300m. However, it believe that this result does not warrant further work at this particular location. At Empress, the company drilled a significant gold MMI anomaly. However, no definable Archean basement rocks were intersected in the 300m deep hole, making the target too deep to pursue. The surface MMI anomaly was somewhat explained by low level gold (to 12ppb) being encountered in transported Proterozoic overburden, around 88m down the hole. The Dromedary structural target was also tested to a depth of 300m. No Archean basement was intersected in this hole, making the target too deep to pursue.
Unity Mining Ltd Announces End of Farm-In Agreement at Greatland Gold's Firetower Project
Jul 20 15
In October 2011 Unity Mining Ltd. entered into a farm-in agreement with Greatland Gold at Greatland Gold's firetower project in northern Tasmania, Australia. Under the agreement Unity could earn up to 75% of the licences by incurring a specified level of exploration expenditure over a five year period. Since 2011, Unity has carried out significant field operations including airborne and ground geophysical surveys and diamond drilling. Results were encouraging and further work had been planned. However, Unity has recently advised Greatland that it had not met the farm-in expenditure commitments within the agreed timeframes despite expenditure of approximately AUD 1.84 million. Greatland has therefore provided Unity with formal termination of the agreement. Greatland confirms that it retains 100% of the licences and will resume management of the project backdated to 1 July 2015. Any unresolved environmental obligations as a result of work carried out by Unity are the responsibility of Unity and will be notified to Unity on advice from mineral resources Tasmania.
Greatland Gold plc Commences Drilling at Ernest Giles
Jun 23 15
Greatland Gold plc announced that drilling has begun at its Ernest Giles project. The Ernest Giles project is located in central Western Australia. Greatland has begun drilling gold and nickel targets at Ernest Giles. Drilling to include gold targets at Empress and Meadows, and the new Carnegie nickel target. First batch of samples are expected to be dispatched to the laboratory in the coming days.