News Flash On The Aim Market Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : News Flash On The Aim Market

LSE 5.260

-0.8%

10:40 AM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: miningoz	5/13/2014 9:52:53 AM
	of 161

Greatland Gold becomes bid target. Greatland Gold Serves Up Another Serving Of Encouraging Drill Results From Warrentinna As the story now gathers it would appear GGP have attracted the interest of several larger players in the industry and at its present tiny market cap the UK minnow could soon be part of a JV or a full blown takeover,after completing numerous successful drills. Greatland Gold completed a three hole reverse circulation drill program in December at the Warrentinna gold project in north eastern Tasmania. The program has yielded encouraging results, with mineralization identified within quartz vein structures and disseminated within sulphides. The 113 square kilometre Warrentinna project covers the four historic goldfields of Warrentinna, Forester, Southern Cross, and Waterhouse, which were exploited during the 1800s and 1900s using both open pit and underground mining techniques. Within this historic region, Greatland Gold has had success with exploration already - grades as high as 464 grams per tonne gold have been assayed at the historic Warrentinna workings, while other goldfields within the project area remain completely untested. Greatland Gold believes that there is potential within the project area for the discovery of high-grade shoots beneath known shallow historical workings and within un-mined quartz-lodes. There is also potential for the discovery of larger tonnages of lower-grade mineralisation adjacent to the high grade quartz. Having received the permits necessary to begin drilling at the Derby North area of Warrentinna in late November, the Greatland team kicked off a 300 metre reverse circulation drilling program which concluded during December. All of the holes were drilled to a maximum depth of 100 metres at a 60 degree angle and intersections with both quartz veins and sulfides were made. The best result from the program was four metres of mineralization grading at 3.19 grams per tonne gold within a broader intercept of eight metres at 3.11 grams per tonne gold. In another hole an intersection of four metres grading 2.16 grams per tonne gold was made within a broader intercept of eight metres at 1.83 grams per tonne gold. Also of note is that one hole ended in mineralization - indicating that deeper drilling could extend the known area of mineralisation. All three RC holes intersected gold mineralisation above 0.7 grams per tonne gold. “Drilling efforts at our Warrentinna gold project continue to provide encouraging results”, said Callum Baxter, Greatland’s chief executive. “The tenor and widths of mineralisation are good and the potential for depth extensions is high. Warrentinna is a key project for Greatland Gold and these results are yet another step forward in our plan to establish resources across our portfolio of assets.”

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next