Greatland Gold PLC has announced the granting of a new Exploration Licence E38/3775 (Mount Smith) covering 555km2 at the Ernest Giles Project. This secures access to a further 50km of highly prospective underexplored strike extent in the Eastern Goldfields of Western Australia. The Mount Smith tenement more than doubles the exploration ground in the underexplored and highly prospective area. The company is planning a substantial drilling program on the Meadows prospect at Ernest Giles in the second half of this year.
The newly granted Mount Smith tenement is within the Manta Rirrtinya native title determination and is covered by the land access agreement signed by Greatland with the Manta Rirrtinya Native Title Holders in September 2023. The grant of Mount Smith gives renewed access to a further ~50km of strike extent of the Ernest Giles Archean greenstone belt and structures, more than doubling the previous accessible strike length.
The company plans to carry out on-ground reconnaissance, improve geophysical interpretation, and conduct a geophysical survey at Mount Smith to confirm targets prior to drilling. Additionally, a ground-based induced polarity (IP) electrical survey and 5,000m of infill drilling are planned at the Meadows prospect at Ernest Giles, targeting structural dilation zones and trap sites in favourable lithologies, commencing in the second half of 2024.
The Ernest Giles Project is located approximately 250km north-east of the town of Laverton and covers a folded belt of magnetic greenstone rocks typical of the highly gold and nickel endowed Archean Eastern Goldfields of Western Australia. The Eastern Goldfields host some of Australia's large gold camps such as Kalgoorlie, Leonora, Laverton, Mt Magnet, and Jundee. With the grant of Mount Smith, the available strike length for exploration at Ernest Giles increases to 90km.
Overall, the granting of the Mount Smith tenement at the Ernest Giles prospect significantly enhances Greatland Gold's opportunity for a discovery in the underexplored and highly prospective Eastern Goldfields of Western Australia.