Greatland Gold announces that regional targeting across its Paterson project area has highlighted the potential for a new IOCG district. Approximately fifty IOCG targets have been identified by the company in the broader region.
The Paterson project covers an area which lies along the western margin of a Proterozoic basin in the north of Western Australia.
A review of historical exploration activity indicates that many of the new targets exhibit a similar geophysical signature to the company's Havieron target and have the potential for hosting similar copper and gold mineralisation;
Greatland is currently planning field activities for H2 2017 aimed at highlighting the presence of multiple IOCG occurrences in the region.
Gervaise Heddle, Chief Executive Officer, commented: "We are very excited by the results of this extensive data review which highlight the potential for a new IOCG district in Western Australia. Our technical team has identified approximately fifty targets across the broader area, and roughly half of those targets lie within Greatland's Paterson licences. Over the next few weeks, we intend to prioritise the multiple regional targets for further follow up work, while we also prepare our plans for exploration work at the Havieron target itself."