Greatland Gold (GGP ) has been awarded a grant from the Western Australian Government to co-fund exploration drilling and mobilisation costs at the group’s 100% owned Rudall licence.
The precious and base metals-focused mining exploration company said the grant awarded is the result of a successful application made under the Exploration Incentive Scheme (“EIS”).
Greatland is now eligible to receive a grant up to A$200,000 (£115,000) to co-fund drilling and mobilisation costs at its Rudall licence in the Paterson province, within 12 months of the grant.
The company’s Rudall licence covers an area of approximately 65 square kilometres approximately 20km south-southeast of Greatland’s Havieron gold-copper resource.
The licence is considered to be prospective for Havieron and Telfer style gold/copper occurrences. To date, Greatland has already completed geophysical modelling to enhance preliminary targets identified at the Rudall licence, including the Ramses magnetic anomaly.
The geophysical modelling undertaken by Greatland Gold at the Rudall licence has suggested that the depth to the top of the magnetic anomaly is approximately 700m below the surface.
Looking ahead, further geophysical survey work is being planned this year with the aim of refining the Ramses anomaly before an exploration drill program is undertaken, utilising the EIS grant to co-fund the drilling component of the 2022 exploration work programme.
Shaun Day, Managing Director of Greatland Gold, said: “The drilling grant for the Rudall licence will accelerate our programme to test targets in this area of Paterson. Testing of priority targets delivers the opportunity to unlock the exploration option value of the portfolio.”
The Co-funded Government and Industry Drilling Program, which is being funded by the Western Australian State Government, seeks to provide a stimulus to geoscience exploration while contributing to the economic development of regional areas of Western Australia.
Geoscience exploration includes mineral, oil and gas, and geothermal exploration with drilling to be undertaken in underexplored areas. The program is administered by the Western Australian Department of Mines, Industry Regulation and Safety, Greatland has reported.
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