Agreement with Newmont on Ernest Giles
An agreement with Newmont Exploration, a subsidiary of NYSE listed Newmont Mining Corporation – one of the world’s largest gold producers – provides a significant endorsement of Greatland Gold’s exploration strategy and underlines the potential of its projects. It grants Newmont access to Greatland’s Ernest Giles project tenements and exploration database for six months and gives Newmont a right of first refusal on a purchase or joint venture during that period. Greatland’s previous drilling identified two large zones of gold mineralisation. Greatland’s recent application for four additional licence areas effectively completes its coverage of the newly discovered buried Ernest Giles greenstone belt.