Greatland Gold posts promising electromagnetic results at Bromus

Greatland Gold announced the results of downhole electromagnetics at its Bromus project in Western Australia on Monday.

The AIM-traded firm said the downhole EM recently completed at the project identified several highly conductive targets not intersected in the recent drilling campaign conducted at Bromus.

It said two of the new targets - located near drill holes BRD001 and BRD003 - have conductances which are consistent with sulphide mineralisation and are well constrained by the modelling and are therefore considered to be high priority targets.

Greatland said it expects to launch a new drilling campaign at Bromus in early 2017, using existing drill pads, that will target the two high priority targets.

“We are very pleased to release the results of the independent report prepared by Southern Geoscience Consultants regarding the recent downhole electromagnetics conducted at the Bromus project in Western Australia,” said Greatland executive director Callum Baxter.

“Several highly conductive targets have been identified by DHEM modelling, at least two of which are considered to be high priority targets for massive sulphide mineralisation.”

Baxter said those two targets are particularly appealing because they are well defined, relatively shallow at approximately 100 metres below surface, and can be drilled using existing drill pads.

“Exploration can be a highly iterative process and we are very encouraged by the fact that a low cost package of drilling and DHEM modelling has demonstrated the potential for massive sulphide mineralisation at this exciting project.

“Greatland remains committed to a campaign of active exploration at its key projects including Bromus, Ernest Giles - drilling programme currently underway - Firetower, Warrentinna and the recently acquired Havieron gold project,” Baxter added.