Extension of Field Operations at Panorama Project

In Exploration, Latest News

Field mapping and metal detecting commences on conglomerate horizons at the Panorama project

Greatland Gold plc (AIM:GGP), has announced that extended field operations have commenced to assess the gold potential at Greatland’s Panorama project in the Pilbara region of Western Australia.

Highlights:

  •    Exploration campaign at Panorama project extended in order to focus on the potential for gold mineralisation in the Southern licence area;
  •    Extended exploration programme includes additional geological field mapping, stream sampling and metal detecting;
  •    Key objective of the extended campaign is to determine the potential for conglomerate hosted gold on the Southern licence and generate targets for further exploration.

The Panorama project consists of two adjoining exploration licence applications in the Pilbara region of Western Australia. The two licences cover a total area of 130 square kilometres and are prospective for both gold and cobalt mineralisation. On 24 October 2017, the Company announced that a gold prospective conglomerate horizon had been confirmed at two locations within the project area, with strike lengths of 2.6km and 1.9km respectively.

Gervaise Heddle, Chief Executive Officer, commented:  “Greatland is in a fortunate position to have a project with significant potential for gold mineralisation in the Pilbara region of Western Australia, a region that is currently experiencing a rapid increase in gold exploration activity.

“In recognition of the increased level of interest in region, we have extended the exploration campaign at Panorama to focus on two areas where the presence of coarse grained sandstones and conglomerates has been confirmed by detailed government mapping.

“In addition to general field mapping and reconnaissance, Greatland’s technical team will be panning/loaming and metal detecting along drainage lines following the base of the Mt Roe basalt sequence. The Mt Roe basalt sequence covers a significant strike length within the Southern project licence.”

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