GGP  Greatland Gold chart GGP 

Bullish clearance of the 200MA into a positive drilling result as a potential catalyst to rerate : above 21EMA on a daily vol squeeze sets this up for a possible move north - see chart. Does depend on expectations of mineralisation so watch for reaction. A general rule for a trend chnange above significant previous resistance, like a 200MA, is to have more than 2 closes above that level unless it is cleared on good volume from a transformative catalyst

Greatland Gold plc (AIM:GGP) (Greatland or the Company) is pleased to advise that the WA Government Exploration Incentive Scheme (EIS) co-funded drilling program has been successfully completed and all assays returned at the Meadows gold prospect within the Company's 100% owned Ernest Giles project (Ernest Giles).

Highlights

§ Two diamond core (DD) holes completed for 1,267.7m

§ Anomalous mineralisation of 8m @ 0.12g/t Au from 316m returned from EGD006, associated with alteration and anomalous pathfinder geochemistry.

§ Drilling results provide important geological and structural information to inform a systematic reverse circulation drill program planned for this year to systematically test highly prospective targets at Meadows prospect.

§ Ground induced polarization (IP) survey planned for later in 2024 to further refine targets, along with further airborne geophysics.