(NewsDirect)
Greatland Gold PLC (AIM:GGP, OTC:GRLGF)managing director Shaun Day speaks to Thomas Warner from Proactiveafter the mining development and exploration company announced thatsurface sampling across its Panorama East, Panorama and Panorama Northtenement has confirmed the area is prospective for nickel.
Day says the company achieved a series ofnickel strikes, particularly in grid pattern NIO4, suggesting a 14-kmstrike length with high nickel concentrations. Despite relativeoversupply of nickel in the global market currently, Day says he'spleased with the discovery not least because diversification willfurther enhance the resilience of the company's portfolio.
Greatland plans to further explore theseanomalies with surface testing and potentially more intensiveinvestigations if nickel continues to be found. Day also commented onthe company's recent share price increase, attributing it toseveral factors. These include the favourable gold price, especiallyin Australian dollars, and the company's progress in de-riskingits operations.
He says thatresolving uncertainties about joint venture partners and updatingmineral resource estimates have contributed to this positive trend.
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