Greatland Gold plc (AIM: GGP) has entered into a farm-in and joint venture arrangement with global mining group Rio Tinto (ASX: RIO | LSE: RIO), to accelerate exploration across 1,884km² of highly prospective tenure within the Paterson Province of Western Australia located near the company’s world-class Havieron gold-copper project (Greatland 30% and Newcrest Mining Limited 70%)
Greatland managing director, Shaun Day, commented “The Paterson South Project tenement package is an outstanding opportunity with a number of high priority, highly prospective, and heritage cleared drill targets. We expect that some of these targets can be incorporated in our 2023 drilling campaign. These targets include underexplored anomalies which the Company considers to be the closest to a Havieron lookalike within the Paterson Province.”
The Paterson South Project farm-in and joint venture arrangement is consistent with Greatland’s Australian asset growth strategy including the company’s commitment to exploration success.
Greatland has stated that the tenements are an ‘outstanding package’, which host several underexplored anomalies which the company considers to be the closest to a Havieron lookalike within the Paterson Province.
In addition, there has been historical delineation of gold in rock chips and copper intersected with strong correlation to a Telfer style deposit.
The expansion of Greatland’s footprint and exploration activities in the Paterson Province leverages Greatland’s existing presence in the region, its good standing within the Paterson community and the strong technical knowledge fostered through the discovery of Havieron.
The Paterson South Project remains relatively underexplored and is a logical fit for Greatland’s existing adjacent tenure holdings.
To find out more, please visit http://www.greatlandgold.com
