An exploration company, with a significant focus in Australia, has identified a large new gold target through the use of innovative 3D technology.
Greatland Gold has announced in a statement this week that it has identified a significant gold target at its 100% owned Firetower project, which is targeting an exploration goal of one million ounces of gold.
The company executed a comprehensive 3DIP survey at Firetower which covered a strike length of 1.6km over the immediate mineralised zone at Firetower, and also high priority target areas to the immediate west and east.
Greatland Gold is exploring the use of cost effective 3DIP models and how they can be used to track the mineralised system and assist with drill location planning at Firetower;
The 3D model of the chargeability anomaly also highlights the potential plunge of mineralisation which is very important for focusing on areas within the broader mineralised system which may potentially host higher grade gold and copper mineralisation.
"We are very pleased by the excellent models generated by the 3DIP survey at Firetower which have identified an exciting new large gold target. We believe that these models represent a potential breakthrough for our exploration efforts at Firetower and will help us to unlock the true potential of this high-grade, near-surface gold deposit,” said Gervaise Heddle, Chief Executive Officer, Greatland Gold.
Our intention is to advance the Firetower project towards its exploration target of one million ounces of gold by leveraging these excellent results and we are currently planning a new drill programme which we expect to commence in the first quarter of 2019."
Located just 65km west of Launceston and 35km south of Devonport in northern Tasmania, the Firetower project consists of one 100% owned tenement with gold and copper targets within approximately 12km of strike of prospective rocks throughout the area.
Greatland Gold has set an exploration target of one million ounces of gold.