Greatland Gold, the precious and base metals exploration and development company, has announced that it expects to commence a detailed, low level aeromagnetic survey over the entire Paterson Range East licence in early June.
The Paterson Range East licence, E45/4928, is 100% owned by Greatland and lies approximately 25 kilometres north of the Company’s Havieron gold-copper prospect. The Paterson Range East licence covers 224 square kilometres of Proterozoic basement rocks prospective for Havieron style gold-copper mineralisation.
Gervaise Heddle, Chief Executive Officer, commented: “Greatland’s 2019 exploration programme in the Paterson is advancing on a number of fronts, with a detailed aeromagnetic survey planned at Paterson Range East, a 6,000m drilling programme expected to commence at Black Hills within the next few weeks, and Newcrest’s first drilling programme at Havieron underway.
“The aeromagnetic survey at Paterson Range East is part of an important and ongoing process to prioritise the multiple geophysical targets that we have across our Paterson licences. We look forward to providing investors with more detail on the high priority targets at Paterson Range East over the next few months as we apply the knowledge gained at Havieron to our exploration efforts across the region.”
- Greatland to conduct a new, detailed, low level airborne magnetic survey to cover the entire Paterson Range East licence.
- The survey comprises approximately 5,200-line kilometres at a line spacing of 50m and is expected to commence in early June.
- New survey will significantly increase the resolution of approximately twenty magnetic targets previously identified across the licence and will assist in the geological and structural interpretation of those targets.
- Resultant data will be used with other geophysical and geochemical data sets to prioritise targets within the Paterson Range East licence.
- High priority targets are expected to be subject to additional geophysical and geochemical work and further detailed modelling and drill testing.