Greatland Gold has been granted a new exploration licence for its Ernest Giles gold project in the Yilgarn region of Western Australia.
The new exploration licence, E38/3775 (Mount Smith), covers more than 50km of strike length of the highly prospective Ernest Giles Yilgarn Craton Archean greenstone belt.
The Mount Smith tenement has a complex structure combined with favourable lithologies, which Greatland said makes it ideal for the formation of structurally controlled orebodies.
“The granting of the Mount Smith tenement at our Ernest Giles prospect more than doubles our exploration ground in the underexplored and highly prospective eastern Goldfields of Western Australia,” Greatland Gold managing director Shaun Day said.
“Ernest Giles has been a priority project for Greatland, and especially so since agreeing land access last year. Accordingly, we are delighted to increase the size and prospectivity of our ground there which enhances our opportunity for a discovery at Ernest Giles.”
Greatland said Mount Smith is historically limited in on-ground exploration, with only four reverse circulation holes drilled throughout the entire 555km2 area. Previously, there was no significant bedrock mineralisation identified.
To change this, the gold explorer intends to carry out on-ground reconnaissance to confirm access and assess cover depth in 2024.
It also wants to improve geophysical interpretation focusing on identifying likely dilational areas and fluid pathways and work with a geophysical consultant to plan and carry out a geophysical survey to best confirm these targets prior to drilling.
“We are busy working on an updated Ernest Giles exploration program, incorporating geophysical surveys at Mount Smith,” Day said. “Our intent is to commence a substantial drilling program on the Meadows prospect at Ernest Giles in the second half of this year.”
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