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- Great Boulder Resources (GBR) has intersected high-grade gold in drilling at the Mulga Bill prospect within the Side Well project
- The company drilled 44 air-core holes as part of this program at the project near Meekatharra in Western Australia
- Results will help refine drill targets along 3.7 kilometres of strike, and initial assays include a four-metre intercept at 17.71 g/t gold from 32 metres
- A reverse circulation drilling program is scheduled to begin at the prospect in late March or early April
- Shares closed 9.8 per cent higher at 4.5 cents
Great Boulder Resources (GBR) has intersected high-grade gold in drilling at the Mulga Bill Prospect within the Side Well project.
The company drilled 44 air-core holes as part of the program at the project near Meekatharra in Western Australia.
Initial assays results include a four-metre intercept at 17.71 g/t gold from 32 metres as well as another 12-metre intercept at 1.2 g/t gold from 68 metres.
“This is the highest-grade air-core intersection recorded to date at Mulga Bill. It’s always encouraging to see such high grades relatively close to surface. I’m also pleased to see that this drilling is adding confidence to our primary target zones at depth,” said Managing Director Andrew Paterson.
“With such a big supergene gold footprint spread across 3.7 kilometres of strike, we’ve drilled 10,000m of AC at Mulga Bill to enhance our understanding of the geology and the mineralised trends. These results essentially distil the 3.7-kilometre prospect into a series of more discrete targets suitable for RC drilling,” he added.
The reverse circulation drilling program is scheduled to begin at Mulga Bill in late March or early April.
Shares closed 9.8 per cent higher at 4.5 cents.
