A gold mining hopeful has started diamond drilling at its second Tasmanian project in the hope of finding mineralisation similar to that of the famed Victorian goldfields.
UK-based Greatland Gold, which recently reported "broad widths of gold" south of Devonport, has started a diamond drilling program at its Warrentinna project, east of Scottsdale.
The company might eventually sell the Warrentinna project.
It said the low-cost diamond drilling program at the Derby North prospect was to provide extra geological data and "assist with potential project divestment".
Greatland said it had a strategy to seek to divest non-core projects.
Chief executive Gervaise Heddle said the drilling would help evaluate the project's potential.
"In particular, the drill core and associated data will be assessed to determine whether the style of mineralisation at Warrentinna is similar to that seen in the central Victorian goldfields, a world-class gold province," Mr Heddle said.
The project involves an area of about 37 square kilometres.
Greatland said the project had many known gold occurrences.
The company in September said diamond drilling at its Firetower project 35 kilometres from Devonport "confirms the presence of broad widths of gold mineralisation".
It had previously said Firetower potentially had one million ounces of gold.