Greatland Gold Gives Out Proceedings of the Juri JV final Exploration

The last set of drill results from the initial 2021 drill program at Greatland Gold plc's Juri joint venture (JV) with partner Newcrest Mining Ltd. was announced last month in January by Greatland Gold plc, mining development and exploration company focused on precious and base metals.

The results of the remaining five holes and the results of the ground electro-magnetic (GEM) survey have been received, in addition to the first four holes disclosed initially on September 1, 2021.

The first phase of drilling at Juri consisted of nine holes totaling 4958 meters, with five holes on the Paterson Range East license testing the Goliath, Outamind, and Los Diablos targets and four holes on the Black Hills license testing the Parlay, Saddle Reefs, and Saddle South targets. "We are happy with the whole set of results from the initial drilling program under our Juri JV with Newcrest," said Shaun Day, CEO of Greatland Gold plc. Eight of the nine holes assayed from this campaign yielded gold mineralization, which is an exceptional strike rate." "These findings, combined with the discovery of multiple additional conductor targets from the ground EM campaign, boost our confidence in the Juri JV assets' prospectivity and help us better understand the geology of the targets on the JV ground."

Highlights

‚ All assay results for the first phase of the Juri JV drilling campaign on the Paterson Range East and Black Hills tenements have been received (which form the Juri JV with Newcrest). ‚ Mineralization that was discovered at Black Hills hole BHD003 comprises: • 7.9 m at 0.16 g/t gold (Au) from 157 m (including 1 m at 51 ppm arsenic [As]). • 6 m at 0.14 g/t Au from 178 m. • 7.85 m at 0.18 g/t Au from 191.15 m (including 0.9 m at 24 ppm bismuth [Bi]; 4.9 m at 26 ppm As). • 7.3 m at 0.13 g/t Au from 208 m. ‚ The GEM survey was completed, resulting in the identification of many attractive EM conductor candidates for the drilling program in 2022. ‚ Drilling in BHD003 intersected a 60-meter thick anomalous zone of weak to moderate copper (Cu)-gold mineralization, which corresponded to zones drilled by Greatland in the past. The higher-grade Au crossings are strongly related to anomalous Bi-As multi-element chemistry. ‚ Greatland will remain as Manager of the Juri JV after December 31, 2021, also.