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greatland gold plc (G8G) Details

Greatland Gold plc explores and develops natural resource properties in Tasmania and Western Australia. It primarily explores for gold deposits. The company has a property portfolio of six mineral projects that are located in Australia, including the Ernest Giles, the Firetower, the Warrentinna, the Lisle, the Bromus, and the Lackman Rock projects. Greatland Gold plc was founded in 2005 and is based in London, the United Kingdom.

Founded in 2005

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greatland gold plc (G8G) Key Developments

Greatland Gold plc Announces Commencement of Diamond Drilling At Firetower Gold Project

Greatland Gold plc announced the commencement of diamond drilling activities at the Firetower gold project in Tasmania. The Firetower project comprises four contiguous licenses covering an area of 265 square kilometres in central north Tasmania. The project is subject to a farm-in agreement dated October 7, 2011 may earn 75% via expenditure of $7 million. During late 2013 and early 2014 a 3D IP ground geophysical survey was completed at the Firetower West prospect. The survey targeted copper/gold mineralisation in and around the edges of the Firetower West magnetic high. This work followed from holes drilled during 2007 and 2012 on the periphery of the anomaly which returned results including 1m at 2.65g/t gold from 97m and 1m at 0.58% copper from 114m in hole FTD32, and 5m at 0.76% copper from 57m including 1m at 1.44% copper in hole FTD33. Data from the 3D IP survey was modelled. This outlined a strong, relatively shallow and consistent zone of chargeability approximately 800m long and up to 400m wide. The core of this zone will be tested with a single 300m deep diamond hole. Unity have undertaken all necessary planning and drilling has commenced. Results from the current diamond drilling will be announced as they come to hand.

Greatland Gold plc Announces Positive Results from Drilling at Warrentinna Gold Project

Greatland Gold plc announced that further encouraging results from drilling activities at the Warrentinna gold project in Tasmania. All 3 holes intersected gold mineralisation above 1.9g/t gold, including: 10m at 2.28g/t gold from 90m in hole WTR032; 1m at 5.48g/t gold from 95m in hole WTR032. Further potential of depth extensions. Program of reverse circulation ("RC") drilling was completed at the Derby North prospect during December 2013. All RC holes were drilled to a maximum depth of 100m and angled at 60 degrees. Drilling comprised three holes for a total of 300m. Initial 4m composite sampling of all drill holes were reported in January 2014. The maximum result from single metre sampling was 1m at 5.48g/t gold from 95m in hole WTR032 in a broader intercept of 10m at 2.28g/t gold from 90m. Also in WTR032 was 5m at 2.00g/t gold from 33m including 2m at 3.17g/t gold from 35m. WTR032 bottomed in mineralisation which is presumed to extend at depth. WTR031 returned 4m at 1.37g/t gold from 37m downhole, and WTR033 returned best of 1m at 2.01g/t gold from 85m. All three RC holes intersected gold mineralisation above 1.9g/t gold. Gold mineralisation is coincident with quartz vein structures and disseminated sulphides. Drilling to date covers a strike length of 150m and has established a 100m wide, north-south trending, zone of gold mineralisation within which quartz reefs with higher gold grades occur. Further review of drill results will be carried out in the coming weeks and provision for additional drilling will be incorporated into the work programme for third quarter of 2014.

Greatland Gold plc Announces Unaudited Group Earnings Result for the Six Months Ended December 31, 2013

Greatland Gold plc announced unaudited group earnings result for the six months ended December 31, 2013. For the period, the company reported operating loss of £231,857 against £200,575 a year ago. Loss on ordinary activities before taxation was £230,964 against £199,241 a year ago. Loss was £230,964 against £199,241 a year ago. Total comprehensive loss attributable to equity holders of the parent was £264,701 against £208,949 a year ago. Basic loss per share was 0.04 pence against 0.06 pence a year ago. Net cash outflow used in operations was £203,251 against £179,780 a year ago.


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