finance

Greatland Gold agrees work programme for Juri joint venture



© Reuters.

By Samuel Indyk

Investing.com – Greatland Gold Plc (LON:) has announced the initial 2021 work programme for the Juri joint venture with Australian exploration company Newcrest Mining Ltd (ASX:). The programme includes drilling of several targets within the Paterson Range East and Black Hills licences.

The company said that multiple additional targets within the Juri joint venture have been identified following analysis of results of a heliborne Airborne Electromagnetic survey conducted in 2020. Exploration will focus on the discovery of intrusion related gold-copper deposits similar to Havieron, Telfer and Winu.

“”It is with great excitement that we announce plans to begin exploration under our second joint venture with Newcrest in the Paterson region,” Shaun Day, Chief Executive of Greatland Gold commented. “Drilling will commence in the coming weeks at our Paterson Range East and Black Hills licences, testing the high-priority targets Parlay, Goliath, Outamind and Los Diablos.”

“The joint venture will also look to progress several additional compelling targets that have emerged following analysis of geophysical data.”

“We entered the Juri JV to accelerate our exploration activity and maximise value of the Paterson Range East and Black Hills licences and this initial 2021 work programme is an important step towards achieving that goal.”

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