Greatland Gold PLC will commence a new regional exploration program within its 100 per cent owned Paterson project in Western Australia. The new programme will initially focus on the Scallywag target and will be conducted in parallel to the two previously announced programmes at Havieron and Black Hills.
The Scallywag target, which is located within the Havieron licence, consists of several magnetic anomalies over a large area of approximately 6km by 4km, each with the potential to host gold and/or copper mineralisation. Initial interpretation has suggested that the prospective basement sequence is at depths of less than 100m. Greatland finalised ground gravity over the Scallywag target in late 2017, and the resulting data displayed gravity highs co-incident with the magnetic targets over approximately 2km of strike.
The new regional exploration program in the Paterson is set to include testing multiple regional targets, many with a similar geophysical signature to Havieron, that were identified by a review of regional geophysical and geochemical data conducted last year by the Company.
“The Paterson region remains relatively underexplored and we believe that it is highly prospective for large mineralised systems. Our licences host multiple large magnetic anomalies, similar in scale and structure to Havieron, and, over the course of the next 12 months, we intend to pursue a systematic programme of regional exploration that will test a number of these additional regional targets,” commented Gervaise Heddle, Greatland’s Chief Executive Officer.
“Scallywag hosts coincident magnetic and gravity anomalies and is a good starting point for our exploration programme because of its relative proximity to Havieron and its potential to host the prospective basement sequence at depths of less than 100 metres,” he said.
Greatland’s recent drilling at the Havieron target, returned excellent results including 121m at 2.93 grams per tonne of gold and 0.23 per cent copper from 497m with peak gold of 137.69 grams per tonne and copper to 4.11 per cent.
More information on these projects can be found here.