Greatland Gold says exploration at Pilbara has begun on schedule

The exploration programme at Pilbara would include orientation drainage, soil sampling and geological reconnaissance, the company said.

Management also reported that "a comprehensive review" of historical stream sampling had highlighted twenty gold anomalies across the project area, "with peak gold-in-streams values of 68.5ppb and 60ppb".

Five new cobalt targets in the southern parts of the Panorama project had also been discovered, "with peak cobalt-in-streams values of 70ppm and 65ppm", it added.

Chief executive officer Gervaise Heddle said he was "very pleased" with the results across the project area for both gold and cobalt mineralisation.

"We are very pleased by the results of the review of historical stream sampling data which has confirmed the significant potential across the project area for both gold and cobalt mineralisation.

"The excellent work by the Greatland technical team over recent weeks has identified approximately twenty new gold anomalies across the licence area, the presence of historical gold mines immediately to the north of the project, and the presence of coarse grained Archean sedimentary rocks with a strike length over 18 kilometres from north to south across the project.

"We believe that the Pilbara region of Western Australia has the potential to hold some of the largest major gold deposits in Australia and we look forward to updating shareholders on our progress."