Greatland Gold identifies multiple new targets after tests at Scallywag licence

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Greatland Gold PLC (LON:GGP) announced results of its final four drill holes from the 2020 drilling campaign at its 100%-owned Scallywag licence. The company drilled seven holes in total in 2020.

The company identified multiple new targets to conduct further drill testing. Greatland’s 2021 drilling in the Paterson region is expected to commence in the coming weeks.

Ongoing geological interpretation, assisted by drill information and regional aeromagnetics, identified multiple new targets within the Scallywag licence.

Among the new targets is Architeuthis, a 600m long magnetic anomaly located one kilometre north of Kraken and nine kilometres north-west along strike of Havieron.

Meanwhile, at the London target, initial sample results reported very high-grade intercepts of silver, copper and tungsten.

A staged exploration programme is set to drill test a series of targets based on modern geological, gravity, magnetic and recently collected airborne electromagnetic datasets.

Targets within Scallywag licence include Swan, Teach and Architeuthis. Targets within the Juri joint venture include Goliath, Outamind, Los Diablos and Parlay, plus newly defined targets within the Black Hills area, and Tama, N5 and A9 in the Paterson Range East area.

`As a result, drilling is expected to be ongoing throughout the 2021 and 2022 field seasons.

“We may only be in the first stages of an extensive drilling programme, yet these results provide further evidence that the Scallywag licence is prospective for intrusion-related mineralised systems,” said chief executive Shaun Day.

“In particular, it is very pleasing that initial targets have once more intersected pathfinder elements associated with systems seen nearby at Havieron and Telfer, and regionally at Winu. Greatland has established a proven approach to exploration that brought it much success at Havieron: drill selective targets, analyse the information and refine targets to unlock value from our projects. With these encouraging initial drill results, we now have a significantly enhanced understanding of Scallywag’s geology and have been able to identify multiple compelling targets that merit follow-up drilling in the coming weeks and months, particularly Swan, Teach and Architeuthis.”

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