Greatland Gold PLC acquires new Havieron lookalike 175 kilometres to the south

(), the precious and base metals exploration and development company, has lodged an application for a new exploration licence in the Paterson Region.

The Canning exploration licence application comprises an area of 114 square kilometres and is located approximately 175 kilometres south east of Havieron.

The new licence application contains the bulk of a large magnetic “bullseye” anomaly, similar to the magnetic “bullseye” located over the Havieron deposit. No previous drill testing of this anomaly has been reported in historical records.

Ahead of the expected grant of the licence, Greatland will compile and review historical exploration data, including regional aeromagnetic data and detailed gravity data, and remodel the magnetic and gravity data.

“We are pleased to apply for the new Canning licence which will expand our footprint in the Paterson region and build on our exploration momentum in this region,” said Shaun Day, Chief Executive Officer of Greatland Gold

“The licence application area contains the bulk of a large magnetic ‘bullseye’ anomaly similar to the one located over the Havieron deposit. This fits in with our strategy of seeking to discover tier 1 gold-copper deposits. We look forward to reporting progress on the application in due course.”