Greatland Gold identifies multiple gold zones at Black Hills
Tuesday, May 22, 2018
Greatland to commence a new exploration programme at its Black Hills licence following a review of historic data that has highlighted several high priority gold prospects

Greatland Gold plc, the precious and base metals exploration and development company, is pleased to announce that a comprehensive review of historic data has identified four distinct zones of gold mineralisation at its 100% owned Black Hills licence. Furthermore, the Company is pleased to announce plans for its first exploration programme at Black Hills, which is scheduled to commence within the next few weeks.


Review of historic data highlights the potential for high-grade, near-surface gold mineralisation at several prospects throughout the Black Hills licence including Saddle Reefs, Eastern, Rogers and Northern Granites:

·     Saddle Reefs prospect
o  strong surface gold mineralisation is present, with rock chip results including 55.6g/t, 20.0g/t and 19.65g/t, over an area of approximately 1,400m by 800m, and sporadic drilling results including 3m at 9.14g/t gold from 26m downhole and 1m at 21.2g/t from 27m (CBR073);

·     Eastern prospect
o  a linear zone of gold mineralised stratigraphy is apparent over a strike of approximately 4km, and broad spaced drilling along the zone has returned results including 1m at 10.0g/t gold from 16m (CBH138), 1m at 4.93g/t from 12m (CBH071) and 1m at 3.12g/t from 37m (NBH004);

·     Rogers and Northern Granites prospects
o  both show prospective gold mineralisation at surface with rock chip results including 50.2g/t, 10.45g/t and 6.9g/t and very limited historical drilling.

Greatland expects to commence field work in the next few weeks, including surface geochemical sampling and geological mapping, to determine the areas with the greatest potential for high-grade gold mineralisation. Results of this work will outline drill targets at the Black Hills project.

The Black Hills gold project covers 25 square kilometres and is located in the Paterson Region of Western Australia and lies adjacent to the Company's Havieron licence. Previous work by companies including Newcrest Limited has outlined several zones of gold mineralisation in rocks equivalent to those of the large Telfer gold deposit (27m oz) which lies 30km to the west. Management believes that the gold mineralisation identified to date on the Black Hills licence may extend into the north western portion of Greatland's Havieron licence.

Gervaise Heddle, Chief Executive Officer, commented: "Our first exploration programme at Black Hills marks another important step for Greatland. Sitting near the 27 million ounce Telfer gold deposit and hosting an equivalent style of mineralisation, Black Hills represents a compelling and high priority exploration opportunity for the Company.

"Results from our forensic review of the historic data have further highlighted the licence's prospectivity for multiple zones of high-grade, near-surface gold mineralisation. Importantly, this means that exploring Black Hills' potential will be a relatively low-cost and low-risk endeavour, but one with substantial potential upside.

"The Black Hills project epitomises our strategy of targeting under-explored areas with great potential. We believe it represents an excellent opportunity for Greatland and we are excited to get started with the exploration programme."

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