Monday 5th December 2022 Font size:

Greatland Gold Returns Solid Results

Wednesday, July 18th, 2007

Greatland Gold plc the mineral exploration and development company focused on gold projects in Tasmania and Western Australia announce further positive analytical results from its work at the Warrentinna and Firetower projects as well as confirming that the Western Australian Government has approved the application and indicated its intention to grant the Lackman Rock tenement in southern Western Australia.
The Warrentinna project is located in the north east of Tasmania in Australia and covers the three historic goldfields of Warrentinna, Forester and Waterhouse. Further sampling and mapping was carried out at the southern goldfields of Warrentinna and Forester during May and June.
“This surface rock chip sampling at Warrentinna has returned very encouraging results including 464g/t gold (14.9 ounces per tonne), 130g/t gold (4.2 ounces per tonne) and 61g/t gold (1.9 ounces per tonne)” confirms Callum Baxter, managing director of Greatland Gold. “Gold mineralisation has been identified over two trends. One is 5km long at the Forester goldfield, and the second 2km at the Warrentinna goldfield.”
At the Warrentinna goldfield, the mineralised trend has been mapped over a strike length of 2km, and its northern extensions have not been explored in the past. Rock samples were taken from a variety of material along the mineralised trend. This included in-situ bedrock, existing shallow workings and ore from dumps adjacent to historic workings. Silver also reported at elevated levels.
Further north at the Forester goldfield, mineralisation has been located over a strike length of more than 5km. Results up to 7.26g/t gold were reported along with elevated silver.
“In light of these strong results the company will concentrate operations at the Forester and Warrentinna goldfields during the latter parts of 2007,” continues Baxter. “Activities proposed include mapping, auger soil sampling, rock chip sampling and RC drilling.”
Following a successful surface rock chip sampling program within the resource area at Firetower in April this year, an additional program was completed during May and June in an effort to locate further indications of surface mineralisation. The latest program was again successful in locating mineralisation with grades including 1.0m at 5.33g/t gold and 2.5m at 3.57g/t gold from additional surface rock chip sampling within the resource area. These results represent further near-surface mineralisation within the resource area untested by drilling.
At Firetower, several additional zones of surface mineralisation in the resource area require drill testing. This will be undertaken prior to re-estimation of the resource. Expenditure commitments and budgeted spending for this project have been met for the current calendar year and, for the immediate time, the company has conservatively decided to defer drilling until early 2008. In the meantime the company will entertain Joint Venture arrangements and/or seek to finalise an off-take agreement for pre-defined ore at Firetower.
Lackman Rock
The Lackman Rock project is located in southern Western Australia, in a region with nearby producing gold mines and nickel mines. No exploration work has been carried out on the project to date.
The Western Australian Government has approved the application and indicated its intention to grant the tenement. Consequently, tenement grant is expected during the current quarter and an auger sampling program will follow. This is expected to be completed during the final quarter of 2007.

< go back