Hunt for gold returns in Tassie’s North East
DIAMOND drilling has begun in the North East, with the hope of finding gold like that in Victorian fields.
UK global mining company Greatland Gold yesterday announced its “targeted, low-cost diamond drilling program” at Warrentina, north of Derby.
Derby North is one of two Greatland Gold projects in Tasmania, having reportedly found “broad widths” of the precious metal at a site south of Devonport in September.
Chief executive Gervaise Heddle said the drilling at its Derby North site at Warrentinna was aimed at collecting information about the style of mineralisation in the area and would assist in evaluating the potential of the project.
“The drill core and associated data will be assessed to determine whether the style of mineralisation at Warrentinna is similar to that seen in the central Victorian goldfields, a worldclass gold province,” he said.
Reverse Circulation drilling at the Derby North site to date has outlined a “gold mineralised system” about 150m long and 100m wide.
The new drilling program will see two holes drilled, reaching depths of 125m each.