Greatland Gold plc has announced that it has been granted a new Exploration Licence E52/4342 covering 134 km2 as the inaugural tenement in the Mt Egerton Project in Victoria, Australia.
New gold-copper exploration project established in the Gascoyne region, located 230 km north of the Meekatharra gold camp. Greatland targeted the region as potentially having mantle tapping structures, an essential ingredient in large scale gold and copper systems. Woodlands tenement includes a 25 km strike length in a structurally complex geological setting which is potentially a very favourable mineralisation trap site. The tenement is significantly under-explored, with open file data recording very limited drilling and soil sampling, none of which was assayed for gold. Indigenous Land Use Agreement already in place provides expedited pathway to on-ground exploration work. Greatland Managing Director, Shaun Day, commented:
“We are delighted by the grant of the Woodlands tenement at our new Mt Egerton gold-copper project, which further enhances our excellent exploration portfolio with a new front in a highly prospective region of Western Australia.”
Our exploration team identified Mt Egerton as an excellent regional and local geological setting for the discovery of major gold and copper deposits. With the successful grant of our first tenement, we will now work to compile and interpret available data to plan systematic, targeted exploration on the ground in the near future.
We are proud of Greatland’s proven track record of discovery and exploration success, and Mt Egerton presents a further opportunity to put our advanced exploration techniques to work in an under-explored region in pursuit of tier-one gold and copper deposits.