Greatland Gold highlights new gold targets at Ernest Giles
Thursday, May 10, 2018
Greatland Gold plc, the precious and base metals exploration and development company, is pleased to announce results of recent Mobile Metal Ion (“MMI”) sampling at its Ernest Giles project.

Highlights of MMI sampling results at Meadows, Empress and Wishbone:

• Results from over 980 MMI samples collected at Meadows, Empress and Wishbone areas have confirmed existing gold targets and generated new targets in each of the respective area;

• At Meadows

o MMI gold response broadly outlines and reflects results of Deep Sensing Geochemistry ('DSG') conducted by Newmont that identified a large 5km by 1.5km anomaly that sits approximately 1km to the north of previous drilling;

o Results at Meadows also indicate a potential new large gold target, covering an area of approximately 4km by 1km, approximately 5km north west of previous drilling and the large anomaly previously identified by Newmont;

• At Empress

o Results outline several clusters of elevated gold responses over a strike of approximately 9km with the overall trend of the elevated gold response matching that of the bedrock geology;

• At Wishbone

o Elevated MMI gold responses are apparent across the target, particularly in the north-west and central eastern parts.

As previously announced on 5 February and 20 February 2018, Greatland intends to conduct a Reverse Circulation ('RC') drilling programme at Ernest Giles. Drilling will be completed at the Meadows, Empress and Wishbone areas. The anticipated drill programme at Meadows will consist of approximately twenty-four holes to test the 5km x 1.5km anomaly defined by DSG work which remains untested by previous Greatland drilling. In addition, up to six RC holes will be completed at Wishbone and Empress to test basement geology and physical rock properties.

Gervaise Heddle, Chief Executive Officer, commented: “Results of our recent MMI campaign were better than expected as we identified new targets and confirmed existing known targets across all areas. The next stage is to commence a drilling programme at Ernest Giles, which includes plans for up to thirty drill holes and is scheduled to start before the end of this quarter.”

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