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· 3D inversion of the Red Setter ultra-detailed magnetics has delineated 3 highly magnetic bodies over an expanded area now covering 3km x 1km. · Largest individual priority 1 magnetic target has a 1500m strike length with a width of 400m and starts at around 75m from surface. · Magnetic survey reveals that all magnetic targets are much shallower than 150m-250m depth previously modelled. · The relatively shallower target depth is strongly advantageous both from an exploration and future development potential perspective. · The Red Setter Project is located 13km south-west of Newcrest Mining s Telfer Gold-Copper Mine and 60km west of Newcrest and Greatland Gold s Havieron discovery.
Greatland Gold shares: should I buy for my 2021 portfolio?
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AIM-listed natural resource exploration and development company. Its shares rose 310% in the past year. It has outperformed the
FTSE 100 index by a wide margin. Over the past five years, Greatland Gold shares have risen by an unbelievable 32,600%.
Greatland Gold’s projects
Greatland Gold has four projects in Western Australia, namely, Paterson, Panorama, Ernes Giles, and Bromus. The Paterson project comprises of two joint ventures, the Havieron and Juri, and two 100% owned licences (Scallywag and Rudall), collectively covering more than 450 square kilometres. As per the management, the Paterson region is underexplored with significant potential. The region has witnessed significant recent discoveries, including Rio Tinto’s Winu discovery and Greatland/Newcrest’s discovery in Havieron.