Greatland Gold reports further high-grade intercepts at Firetower
Source: Press Release
metalsplace.com
· Intercepts up to 13.34g/t gold reported
· Significant surface sampling results from Firetower West and Warrentinna
· Surface sampling at the Firetower West prospect completed and drilling underway
Greatland Gold plc, the mineral exploration and development company, focused on gold projects in Tasmania and Western Australia, Tuesday announced further analytical results from diamond core drilling at its Firetower project. Significant high-grade intercepts up to 13.34g/t gold have been returned along with 1.2% lead and elevated copper and tungsten within the resource area while higher grade zones, surrounded by lower grade halos, continue to be defined.
The results confirm higher grade plunging shoots within the larger mineralised system at Firetower. Intercepts include 11m at 4.29g/t gold including 1m at 13.34g/t gold, 10.1m at 6.20g/t gold including 1m at 10.09g/t gold, 2m at 8.00g/t gold, 1m at 12.20g/t gold and 1m at 10.81g/t gold.
Base metal mineralisation is also present with results including 1.2% lead, 0.9% copper and 0.5% zinc. Highly anomalous tungsten intercepts continue to be returned. High gold grades, and accompanying base metal and tungsten intercepts, support continued efforts at the Firetower project.
"Mapping and surface sampling to locate surface indications of mineralisation and help plan further drill targets, is ongoing at Firetower," confirms Callum Baxter, managing director of Greatland Gold. "Surface sampling has been successful in returning rock chip results up to 2.5g/t gold from immediately west of previously recognised mineralisation. This is significant as it had been previously thought that the only considerable apparent potential was to the east. However, this new analysis indicates the strike also extends west, enlarging the area of mineralisation. Importantly, mineralisation is shallow at Firetower with good grades starting at surface."
Results are awaited for further drill holes and these will be reported during the current quarter.
Other Activities at Firetower
Greatland Gold also announced that surface sampling at the Firetower West prospect, a separate area 2.5km northwest of the Firetower resource, is now complete. Results outline mineralisation over a large 2km x 1km area with surface grades peaking at over 100ppb gold. Strong base metal anomalism is also apparent. First pass diamond core drilling of targets within this large area has commenced.
Three other regional targets areas in the east of the project area remain to be followed up with surface sampling.
Warrentinna
At the Warrentinna project, located in north-eastern Tasmania, surface sampling has now been completed to determine the extent of the Derby-Mara goldfields and the trends within the Forester-Linton areas. Results have returned high-grade gold values in addition to extending the previously identified mineralisation. Soil results up to 1,308ppb gold at Derby-Mara, and 66.5ppb gold at Forester-Linton were returned. "The high-grade nature of surface sample results is encouraging," confirmed Baxter.
First pass drill testing of targets at the Warrentinna project is planned for the current quarter. |
