LONDON (ShareCast) - (Sharecast News) - Precious and base metals exploration and development company Greatland Gold announced results of recent mobile metal ion sampling at its Ernest Giles project on Wednesday, reporting that results from more than 980 samples collected at the Meadows, Empress and Wishbone areas confirmed existing gold targets, and generated new targets.
The AIM-traded firm said at Meadows, the mobile metal ion (MMI) gold response broadly outlined and reflected the results of the deep sensing geochemistry (DSG) conducted by Newmont, that identified a large 5 km by 1.5 km anomaly approximately 1 km to the north of previous drilling.

It said results at Meadows also indicated a potential new large gold target, covering an area of around 4 km by 1 km, approximately 5 km north west of previous drilling and the large anomaly previously identified by Newmont.

At Empress, Greatland said the results outlined several clusters of elevated gold responses over a strike of approximately 9 km, with the overall trend of the elevated gold response matching that of the bedrock geology.

Over at Wishbone, the firm said elevated MMI gold responses were apparent across the target, particularly in the north-west and central eastern parts.

As it had previously announced on 5 February and 20 February, Greatland intended to conduct a reverse circulation (RC) drilling programme at Ernest Giles.

Drilling would be completed at the Meadows, Empress and Wishbone areas, with the anticipated programme at Meadows to consist of around 24 holes to test the 5 km by 1.5 km anomaly defined by DSG work, which remained untested by previous Greatland drilling.

In addition, up to six RC holes would be completed at Wishbone and Empress to test basement geology and physical rock properties.

"Results of our recent MMI campaign were better than expected as we identified new targets and confirmed existing known targets across all areas," said Greatland CEO Gervaise Heddle.

"The next stage is to commence a drilling programme at Ernest Giles, which includes plans for up to 30 drill holes and is scheduled to start before the end of this quarter."

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