Greatland Gold Finds Further Gold Nuggets In Western Australia

(Alliance News) - Greatland Gold PLC on Tuesday said it has found further gold nuggets at the ...

Alliance News 20 August, 2019 | 1:53PM
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(Alliance News) - Greatland Gold PLC on Tuesday said it has found further gold nuggets at the Panorama project, in Western Australia's Pilbara region.

Field reconnaissance found gold over an area of 900 metres by 200 metres, one kilometre to the south-west of the area previous nuggets were found, as announced in July.

These discoveries extend the strike length to 6.1 kilometres, from 4.3 kilometres before, and sampling has now been completed. Greatland is now awaiting soil sample assays.

Chief Executive Gervaise Heddle said: "The discovery of a new, additional zone of gold nuggets is evidence of the growing scale of Panorama and further strengthens our belief in the project. The successful fundraise earlier this month has given us greater flexibility to accelerate exploration programmes of exciting projects such as Panorama.

"While still at a very early stage, the increase in scale of the mineralised trend at Panorama fits directly into our strategy to identify and progress potential tier one projects."

Greatland shares were 5.1% higher on Tuesday at a price of 1.79 pence each.

By George Collard;

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Greatland Gold PLC 4.63 GBX -6.57 -

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