Greatland Gold (GGP)

Sector:

Mining

Index:

FTSE AIM 100

6.20p
   
  • Change Today:
    -0.27p
  • 52 Week High: 11.50
  • 52 Week Low: 5.74
  • Currency: UK Pounds
  • Shares Issued: 5,090m
  • Volume: 17,705,848
  • Market Cap: £315.60m
  • RiskGrade: 367

Greatland announces 'encouraging' results from Scallywag drilling

By Josh White

Date: Wednesday 08 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Greatland Gold announced the results of its 2022 exploration programme at the Scallywag project in the Paterson region of Western Australia on Wednesday.
The AIM-traded company said the project is situated adjacent to the Havieron gold-copper project, which it also discovered in 2018.

It said the exploration programme consisted of ground electromagnetic surveys and drilling, with the aim of identifying and refining electromagnetic conductor targets.

The results of the programme were positive, with the discovery of anomalous gold, strong silver, and copper at the Pearl prospect.

Greatland said the PPDD003 conductor at Pearl was tested, revealing one metre at 1,364 grams of silver per tonne and 0.35% copper from 76 metres, which remained open at depth.

The same conductor also showed one metre at 0.76 grams of gold per tonne and 109 parts of bismuth per million from 251 metres, as well as one metre at 0.1% copper and 22.6 parts of bismuth per million from 418 metres, and one metre at 50.9 parts of bismuth per million from 65 metres.

Another hole, A35RD001, which targeted the A35 prospect conductor, intersected two metres at 2.04 grams of gold per tonne from 70 metres, within a mineralized gold halo of 12 metres at 0.48 grams of gold per tonne from 69 metres.

The interval contained wet samples and immediately preceded a missing sample.

It said that, importantly, anomalous bismuth and other pathfinder geochemistry were associated with the intersection.

The company said the results of the programme confirmed and refined several electromagnetic conductor targets that were identified in the 2021 programme.

Testing of the targets began with reverse circulation pre-collar and diamond core drilling.

"Our recent exploration campaign at Scallywag has delivered the most encouraging results to date," said managing director Shaun Day.

"At the A35 prospect, pre-collar drilling was completed with gold mineralisation intercepted plus important pathfinder geochemistry encountered, including bismuth which is associated with the Havieron and Telfer gold-copper deposits.

"The high-grade silver and copper mineralisation intercepted at the Pearl prospect confirms the possibility of a new style of deposit being identified."

Day said the underlying deeper geophysical targets at both prospects were yet to be tested, but had now been prioritised for diamond drilling during this year.

"These results, together with the continual improvement in understanding of the buried geology, stratigraphy and structure, increase our confidence in the prospectivity of the ground, and our ability to vector towards intrusion related and other styles of mineralised systems at Scallywag."

At 1117 GMT, shares in Greatland Gold were up 0.55% at 7.29p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Greatland Gold Market Data

Currency UK Pounds
Share Price 6.20p
Change Today -0.27p
% Change -4.17 %
52 Week High 11.50
52 Week Low 5.74
Volume 17,705,848
Shares Issued 5,090m
Market Cap £315.60m
RiskGrade 367

Greatland Gold Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.22% below the market average72.22% below the market average72.22% below the market average72.22% below the market average72.22% below the market average
95.42% below the sector average95.42% below the sector average95.42% below the sector average95.42% below the sector average95.42% below the sector average
Price Trend
26.86% below the market average26.86% below the market average26.86% below the market average26.86% below the market average26.86% below the market average
37.06% above the sector average37.06% above the sector average37.06% above the sector average37.06% above the sector average37.06% above the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
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Greatland Gold Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
17:08 350,000 @ 6.20p
16:35 511,485 @ 6.20p
16:35 58,829 @ 6.20p
16:35 390 @ 6.50p
16:35 9,538 @ 6.50p

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