Review of historic data highlights the potential for high-grade, near-surface gold mineralisation at several prospects throughout the Black Hills licence including Saddle Reefs, Eastern, Rogers and Northern Granites:
- Saddle Reefs prospect
- strong surface gold mineralisation is present, with rock chip results including 55.6g/t, 20.0g/t and 19.65g/t, over an area of approximately 1,400m by 800m, and sporadic drilling results including 3m at 9.14g/t gold from 26m downhole and 1m at 21.2g/t from 27m (CBR073);
- Eastern prospect
- a linear zone of gold mineralised stratigraphy is apparent over a strike of approximately 4km, and broad spaced drilling along the zone has returned results including 1m at 10.0g/t gold from 16m (CBH138), 1m at 4.93g/t from 12m (CBH071) and 1m at 3.12g/t from 37m (NBH004);
- Rogers and Northern Granites prospects
- both show prospective gold mineralisation at surface with rock chip results including 50.2g/t, 10.45g/t and 6.9g/t and very limited historical drilling.
Gervaise Heddle, Chief Executive Officer, commented: “Our first exploration programme at Black Hills marks another important step for Greatland. Sitting near the 27 million ounce Telfer gold deposit and hosting an equivalent style of mineralisation, Black Hills represents a compelling and high priority exploration opportunity for the Company.
“Results from our forensic review of the historic data have further highlighted the licence’s prospectivity for multiple zones of high-grade, near-surface gold mineralisation. Importantly, this means that exploring Black Hills’ potential will be a relatively low-cost and low-risk endeavour, but one with substantial potential upside.
“The Black Hills project epitomises our strategy of targeting under-explored areas with great potential. We believe it represents an excellent opportunity for Greatland and we are excited to get started with the exploration programme.”