Greatland Gold plc (GGP)

Bullish… certainly wouldn’t mind another bag from here:

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I was expecting a rise at closure, but it doesn’t seem to have happened.
Any thoughts?
Were there any big movements?
I seem to remember that @phildawson has posted a screenshot of transactions before. Where do you access the info? :smiley:

Big rise happened today. Hit 37p!

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Honestly it’s quite surreal that feels like such a short while ago it was consolidating between 20p and 25p, now we’re at 37p. Beyond my expectations as was expecting a similar consolidation phase between 30p and 34p to buy more & more at they 30p mark. Oh well the gift keeps on giving, but think I’m happy to let my position ride now without any more top ups.

And with this being said, my fave tweet of the day:

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Oh heck that is genuinely the tweet of the day/week/month to date :raised_hands:t2:

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Just looked on the sell on LSE at 36.170 why is the spread so big on t212?

@David @George

Currently showing 35.96??

It’s not the first time I’ve noticed such a large difference - is there a reason for it perhaps?

Thanks for any help.

:pick:

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Mining Proposal Approved for Early Works at Havieron

Further to the announcement “Mining Lease Granted at Havieron” dated 10 September 2020, Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to announce that Newcrest and Greatland have received the necessary regulatory approvals to commence key early works activities at the Havieron Project for a box cut and exploration decline. The approvals also permit the construction of supporting surface infrastructure, including evaporation ponds, an explosives magazine, maintenance workshops, fuel facilities, an administration building and a laydown area.

Further approvals and permits are required to commence the development of any operating underground mine and associated infrastructure at the Havieron Project. In addition, the development of any underground mine at the Havieron Project will also be subject to further studies, Board approvals and a positive decision to mine.

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Charts not updated today - I’ve asked on live chat but I got this reply

“ I would like to inform you that markets are operating with adjusted trading hours during the festive days in December. You can check the article here: https://bit.ly/2X1basa. “

This shouldn’t make a difference if there’s sell on LSE should it? :face_with_monocle:

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Happy new year to all thanks for all the advice this year :partying_face:

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Haven’t been on the forum for a while but also wanted to wish happy new year to everyone here and raise a glass to GGP :clinking_glasses: :fireworks:
I got in back in April, and must thank you guys because I found out about it on here :slight_smile:
What an absolute cracker of a stock

It’s hard to keep up with the telegraph chat, but that’s what I follow nowadays. @CeeGee I’ve seen you there too!

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Haha yes I definitely follow the chat there. I wish I could invest more other than just reading but I’m super appreciative to be a part of it (even though I am mainly totally silent with the odd GIF every blue moon)

It’s full of lots of very wise people :hugs:

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Holy crap 24.50

:palms_up_together:

why has it fallen so much? cant see any news

Greatland Gold plc
(“Greatland” or “the Company”)

Initial Scallywag Drill Results and New Targets Identified

First three drill holes at Scallywag intersect prospective target lithologies and pathfinder element anomalism

Multiple new targets identified across Scallywag licence (including Teach, Swan, A34, A35 and A36) from analysis of Airborne EM survey data and regional aeromagnetics

Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, announces the results of the first three drill holes completed at its 100% owned Scallywag licence. In addition, the Company has identified multiple new targets at Scallywag following analysis of results of a Heliborne Electromagnetic (“EM”) survey conducted last year and further geological interpretation of regional aeromagnetics.

Exploration work at Scallywag is focussed on the discovery of intrusion related gold-copper deposits such as Havieron, Telfer and Winu. Greatland completed seven drill holes at Scallywag in the second half of calendar 2020, testing targets at the Kraken, London and Blackbeard prospects. Assay results have been received for the first three holes (LOD001, KRD001 and BLD001) and are reported here today.

Highlights of Drill Results

  • · The assay and logging results from the first three drill holes of the 2020 programme suggest the holes have intersected prospective target lithologies and pathfinder element anomalism associated with quartz-pyrite vein arrays.

  • · Peak gold intersected was 1m @ 0.25g/t from 398m (LOD001) and peak copper intersected was 1m @ 1,105ppm from 461m (BLD001), with anomalous levels of other pathfinder elements including silver and bismuth also detected.

New Targets Identified

  • · Analysis of results from Heliborne EM geophysical survey conducted last year has identified multiple new conductors within the Scallywag licence including:

  • · Swan - a strong, deep AEM conductor located in an interpreted fold structure developed adjacent to, or truncated by, a crustal scale fault.

  • · A34, A35 and A36 - discrete segments of strongly conductive material coincident with positive gravity response.

  • · In addition, ongoing geological interpretation assisted by drill information and regional aeromagnetics has identified a new target within the Scallywag licence named “Teach”, located 3km SSE of the Blackbeard prospect.

Next Steps

  • · Follow up drilling is planned during the 2021 field season to test for further development of brecciated and mineralised lithologies, in particular along strike at the newly defined Teach target.

  • · Drilling of the new EM targets identified is also planned for the 2021 field season, following the collection of ground EM data which is scheduled to commence in March 2021.

  • · A more detailed evaluation of drill results will be undertaken on receipt of all analytical data from the 2020 field season and targets will be further assessed and ranked for drill testing.

Gervaise Heddle, Chief Executive Officer of Greatland Gold plc, commented: “Greatland’s first drilling campaign at Scallywag has identified pathfinder element anomalism and provides us with valuable geological information which we expect to use in further assessing and ranking drill targets across the Scallywag licence. In addition, further analysis of geophysical data has built on our existing understanding to generate a number of new compelling targets. We look forward to progressing with further drill testing at Scallywag during 2021, particularly at the new Teach target and other high-priority targets identified by the EM survey conducted last year.”

In addition to this release, a PDF version of this report with supplementary information can be found at the Company’s website: www.greatlandgold.com/media/jorc/

Further Information on Initial Drilling Results from Scallywag

The Company completed a total of seven holes for 3,761m at Scallywag during the 2020 field season, testing targets at the Kraken, London and Blackbeard prospects. Exploration work at Scallywag is focussed on the discovery of intrusion related gold-copper deposits such as Havieron, Telfer and Winu.

The 2020 Scallywag drill programme was designed to test a series of Induced Polarisation (‘IP’), magnetic altered or demagnetised geophysical targets located around the closure and limbs of the Scallywag Syncline, a tight fold structure located to the west of the Havieron discovery. The Syncline folds a package of Puntapunta Formation calc-silicates and overlying Wilki Formation siliciclastic metasediments, with a prominent magnetic anomaly marking the contact between the two units. The Puntapunta Formation sediments host the Havieron Au-Cu system on the east limb of the Scallywag Syncline, some 8.5km east south east of the fold nose or closure of the Syncline.

Three targets have been partially tested by seven drill holes, of which results for three drill holes are reported today: LOD001 on the London prospect, KRD001 on the Kraken prospect, and BLD001 on the Blackbeard prospect for 1,919m of drilling. Samples from a further four drill holes for 1,842m are currently with assay laboratories, which are experiencing high sample deliveries resulting in significant delays in return of results.

London

The London target comprises an IP anomaly located on the edge of an interpreted granite body (gravity low) displaying potential demagnetisation or apparent truncation in the magnetic Wilki Formation sedimentary unit intruding along the magnetic east limb of the Scallywag Syncline. The IP anomaly could represent skarn type mineralisation on or near the edge of the interpreted granite body.

LOD001 was drilled to a total depth of 576.6m and intersected basement Wilki Formation quartz rich siliciclastic sediments below 291.3m of Permian cover. The drillhole intersected granite between 552.7m to 571.4m downhole with anomalous Ag-Cu-Pb-Zn assays reported from samples in the granite near the upper contact with the sediments, associated with a stockwork of thin quartz veins and disseminated pyrite. Peak values were 0.9ppm Ag, 565 ppm Cu, 571 ppm Pb and 1047ppm Zn, with some anomalous Bi and Mo reported, including an interval of 4m averaging 21ppm Mo from 561m. Peak gold intersected was 1m @ 0.25g/t from 398m hosted in quartzite with a narrow quartz- pyrite-hematite vein. Anomalous values are reported in Appendix I.

Sulphide concentrations in the hole are not considered sufficient to generate the IP response. The discrete granite sill intersected in the drilling is not considered to have caused the demagnetisation and/or displacement of the magnetic anomaly along the Wilki-Puntapunta contact, and there may be more sills or alteration along this contact that have not been tested by LOD001. A further drill hole is warranted to test for demagnetisation or displacement of the contact.

Kraken

The Kraken target comprises a combined magnetic and IP anomaly located near the nose of the Scallywag Syncline.

Hole KRD001 was drilled to a total depth of 748.5m and intersected basement Puntapunta Formation calc-silicate sediments including marbles and interbedded siltstones beneath the base of Permian at 195.4m, staying in Puntapunta to end of hole.

Anomalous pathfinders are reported over several intervals, including copper, silver, bismuth, tellurium and lead, with anomalous gold to 76ppb over 0.5m locally. Maximum values (with coexisting elements) are reported in Table 1 (with all anomalous results listed in Appendix I). The higher Au and Ag values around 220 to 224.5m are associated with discrete narrow steep south west dipping quartz-pyrite veins with silica-hematite alteration haloes. There is a distinct arsenic anomalous zone (>10ppm As, maximum 36.5 ppm As) hosted within calcite rich marble between 335-345m. In detail the As appears associated with disseminated sulphide hosted in thin siltstone beds between calcite rich marble bands.

Table 1 - Anomalous Results from KRD001
image

KRD001 intersected minor magnetic material and sulphide bearing material which may be sufficient to generate the IP response.

Blackbeard

The Blackbeard target comprises an IP anomaly located in the core of the Scallywag Syncline, around 1km southeast of the Kraken prospect. The Blackbeard IP anomaly could represent sulphide mineralisation at depth hosted in Wilki Formation siliciclastic sediments above the magnetic Wilki- Puntapunta Formation contact.

BLD001 was drilled to total depth of 593.85m and intersected basement Wilki Formation siliciclastic sandstone and siltstone sediments below base of Permian at 275.95m downhole.

No significant sulphides were reported from the drilling however anomalous pathfinders were located, in particular Bi and locally some Ag. Peak copper result in BLD001 was 1m @ 1,105ppm from 461m. Anomalous results are listed in Appendix I.

BLD001 did not intersect significant sulphide bearing material considered sufficient to generate the IP response.

Other Drilling from 2020 Field Programme

Samples from a further four drill holes for 1,842m are currently with assay laboratories who are experiencing high sample deliveries resulting in delays to receipt of results.

The four drill holes are:

  • • LOD002 drilled SE of LOD001 testing a deep IP target;

  • • LOD003 drilled between Kraken and Blackbeard, testing an IP target;

  • • KRD002 a partial scissor hole to KRD001 and testing the Kraken target; and

  • • KRD003, testing a gravity anomaly on the edge of the Kraken target in the nose of the Scallywag Synform.

Summary of Drilling Results and Conclusions

The assay results and geological information from the first three drill holes of the 2020 programme intersected prospective lithologies and pathfinder element anomalism (Ag, Cu, Bi), associated with quartz-pyrite vein arrays. Follow up drilling is recommended to test for further development of brecciated and mineralised lithologies, in particular along strike at the newly defined “Teach” target, described below.

A more detailed evaluation of drill results will be undertaken on receipt of all analytical data from the 2020 field season and targets will be further assessed and ranked against the multiple targets within the Company’s 100% owned ground and Farm-in/JV areas. Drilling of the Company’s many existing targets and newly generated targets identified in the recent airborne EM survey is planned to resume in the current field season.

New Magnetic Target - Teach

Ongoing geological interpretation assisted by drill information and regional aeromagnetics has identified a new target within the Scallywag licence named Teach. Teach is located 3km south-south east of the Blackbeard prospect, comprising a series of structures with associated magnetic anomalism piercing the east limb of the Scallywag Anticline. Teach may represent primary mineralisation along the Scallywag Synform providing possible distal mineralisation and pathfinder element response as seen in LOD001, KRD001 and BLD001.

New Airborne Electromagnetic Targets

During the 2020 field season Greatland acquired an Airborne Electromagnetic (‘AEM’) geophysical survey covering the Scallywag, Black Hills and the western part of the Paterson Range East exploration licenses. The survey was designed to:

  • · Assist in the detection of Havieron, Winu and Telfer style Au-Cu deposits beneath cover;

  • · Detect basement conductor’s related to accumulation of massive sulphides and/or associated alteration;

  • · Map structure and stratigraphy, particularly in non-magnetic sedimentary packages, similar to the host rocks at Telfer and Havieron; and

  • · Map basement topography and depth of cover.

Within the Scallywag licence the survey comprised 492 line kilometres of AEM collected by New Resolution Geophysics using their helicopter borne 25Hz ‘Xcite’ system. Line spacing was 200m. The survey has identified nine new conductors within Scallywag, seven of which may be the response of basement conductors with several described below:

  • · Swan - a strong, deep AEM conductor located in an interpreted fold structure developed adjacent to, or truncated by, a crustal scale fault; and

  • · A34, A35 and A36 - discrete segments of strongly conductive material coincident with positive gravity response.

Historic shallow drilling is present over the Swan, A34, A35 and A36 targets however these historic holes are considered ineffective due to cover depth.

Interpretation and ranking of bedrock AEM conductors is ongoing, including integration with other available geological, geochemical and geophysical datasets. Several targets warrant drill testing after ground EM follow-up work to confirm conductor location and tenor.

Additional drill hole information is presented in Appendices I, II, III and IV.

A regional map showing the Havieron licence area with regional targets and adjacent landholdings can be found at: www.greatlandgold.com/paterson

Competent Person:

Information in this announcement pertaining to Reporting of Exploration Results has been reviewed and approved by Mr John McIntyre, a Member of the Australian Institute of Geoscientists (MAIG), who has more than 30 years relevant industry experience. Mr McIntyre is a full-time consultant to the Company and has no financial interest in Greatland Gold plc or its related entities. Mr McIntyre has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and under the AIM Rules - Note for Mining and Oil & Gas Companies, which outline standards of disclosure for mineral projects. Mr McIntyre consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears. Mr McIntyre confirms that the Company is not aware of any new information or data that materially affects the information included in the relevant market announcements, and that the form and context in which the information has been presented has not been materially modified.

Additional information on the project can be found on the Company’s website at www.greatlandgold.com/paterson/

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What does this mean in short? results were not good?

My first assumption is its a sell the news dip, and the news is probably excellent. :sweat_smile:

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