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Greatland Gold PLC

Greatland Gold shines as it details new exploration programme at Scallywag

The firm said it would conduct “extensive” new geophysical surveys at the site, including ground gravity and induced polarisation, to help identify drill targets

Greatland Gold PLC - Greatland Gold shines as it details new exploration programme at Scallywag
A survey in 2018 reinforced Scallywag as a host for copper, silver and gold mineralisation

Greatland Gold PLC (LON:GGP) has unveiled details of a new exploration programme at its Scallywag prospect in Western Australia.

The AIM-listed firm said it would conduct “extensive” new geophysical surveys at the site, including ground gravity and induced polarisation, while gravity and aeromagnetic data would be 3D modelled to help identify drill targets.

WATCH: Greatland Gold's Gervaise Heddle details new exploration programme at Scallywag

"Scallywag is one of our high priority gold-copper targets in the Paterson region and we are excited to be driving forward with a systematic exploration programme”, said Gervaise Heddle, Greatland’s chief executive.

“Results from last year's [Mobile Metal Ion] survey at Scallywag reinforced its potential to host copper, silver and gold mineralisation, and the large size of the target, combined with its relative proximity to the Havieron prospect, makes it an obvious candidate for further comprehensive follow-up work", he added.

The news gave some shine to the shares, which rose 2% to 1.8p in early trading on Thursday.

Quick facts: Greatland Gold PLC

Price: £0.02

Market: AIM
Market Cap: £62.47 m
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