Greatland Gold plc, a precious and base metals exploration and development company, has announced the commencement of drilling under the Juri joint venture (Juri JV) with partner Newcrest Mining Limited. The Juri JV is in the highly prospective Paterson province of Western Australia and these activities mark the start of the work programme.
Highlights: Exploration activities for the Juri JV
- Drilling of high-priority targets has commenced across the Paterson Range East licence, starting at Goliath.
- Drill camp and infrastructure have been established with field activities underway.
- Ground electromagnetic (EM) surveys to be conducted in the coming weeks to better define priority drill targets.
- All heritage clearances and government approvals received ahead of commencing drilling campaign.
The Paterson Range East licence lies approximately 25 km north of the company’s Havieron gold-copper project and covers 224 km2 of Proterozoic basement rocks prospective for Havieron style gold-copper mineralisation.
Under the Farm-In announced on 30 November 2020, Newcrest has the right to earn up to a 75% interest in the licences covering the Juri JV by spending up to AUS$20 million as part of a two stage Farm-In over 5 years. Greatland is currently the manager of the Juri JV.
Shaun Day, CEO of Greatland Gold plc, commented: “It is very pleasing to announce the commencement of our maiden drilling campaign under our second joint venture with Newcrest in the Paterson region.
“6 months ago, we entered the Juri JV to accelerate Greatland’s exploration activity and maximise the value of the Paterson Range East and Black Hills licences. The start of this programme is an important step towards achieving that goal.
“Our geology team has identified a set of high-priority targets to be drilled across this programme that display many similar geophysical characteristics to the Havieron gold-copper deposit. With the drill rig now on site, and all necessary camp infrastructure safely established, drilling has commenced at a large ‘bulls-eye’ magnetic anomaly known as Goliath.
“The Juri JV campaign forms part of Greatland’s multifaceted exploration strategy for 2021 in the highly prospective Paterson region. This work complements the substantial progress at Havieron, where an ongoing 65 000 m growth drilling programme is presently underway, together with exploration activities at our 100% licences across the region.”
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