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Greatland Gold – Exploration Update – Black Hills Drill Results

Monday, September 23rd, 2019

First drill results confirm the presence of gold mineralisation at Black Hills’ Saddle Reefs prospect

Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to provide an exploration update on results received to date from drilling at its 100% owned Black Hills project in the Paterson region of Western Australia.

A Reverse Circulation (“RC”) drilling programme has been completed at Black Hills. A total of twenty RC holes for 5,846m were drilled to depths ranging from 154m to 500m. All holes were sampled from surface to end of hole as four metre composites. Analytical results have been received for 14 of the 20 holes completed (drill holes SRRC001 through SRRC014) and are reported in this announcement.

Highlights of Drill Results

  • Results received to date confirm the presence of gold mineralisation at the Saddle Reefs prospect.
  • Encouraging initial four metre composite results with several broad intersections subparallel to a large Induced Polarisation (“IP”) chargeability response.
  • Best four metre composite results include:
    • 36m at 0.53g/t Au and 0.21% Cu from 104m (SRRC007), including
      • 4m at 1.65g/t Au from 104m
    • 36m at 0.36g/t Au from surface (0m) (SRRC010)
    • 12m at 0.57g/t Au from 32m (SRRC011)
    • 56m at 0.56g/t Au from 68m in hole (SRRC012), including
      • 4m at 2.52g/t Au from 76m
  • Further assay results are awaited for the remaining holes (SRRC015-SRRC020) and then single metre samples will be analysed to more accurately determine the downhole location and tenor of mineralisation.

Gervaise Heddle, Chief Executive Officer, commented: “The presence of several broad intersections of mineralisation in Greatland’s first drill campaign at Black Hills is an encouraging development. We believe that Black Hills has significant potential to host gold mineralisation, similar in style to that seen at Newcrest’s nearby Telfer mine, although the project remains at a very early stage. We will conduct additional analysis once the remaining four and single metre results are received to determine the best way to further advance exploration at Black Hills.”

In June 2018, Greatland commenced its first exploration campaign at Black Hills. Surface rock chip sampling located outcropping gold mineralisation over several hundred metres at the Saddle Reefs prospect and subsequent geophysical work outlined a large, coherent chargeability anomaly over 1,400m of strike, spatially associated with gold mineralisation identified at surface. Recent drilling completed at Black Hills has partially tested the Saddle Reefs prospect and has confirmed the presence of gold and copper mineralisation.



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