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- Great Boulder Resources (GBR) strikes multiple gold intercepts at the Side Well Gold Project in Western Australia
- A maiden reverse circulation program at the Ironbark Prospect returned assays including nine metres at 4.49 grams of gold per tonne (g/t gold) from 104 metres
- Meanwhile, highlights from a drilling program at Mulga Bill included four metres at 7.02 g/t gold from 84 metres
- Once reverse circulation drilling resumes at the end of June, Great Boulder says its first new target will be at the southern end of the Mulga Bill’s Loaded Dog corridor
- Great Boulder Resources are in the grey on the market this morning, trading at 7.1 cents at 10:01 am AEST
Great Boulder Resources (GBR) has struck multiple gold intercepts at the Side Well Gold Project in Western Australia.
The company received further assay results from a maiden reverse circulation program at the Ironbark Prospect, as well as reverse circulation assays from Mulga Bill.
The Ironbark discovery returned assays including nine metres at 4.49 grams of gold per tonne (g/t gold) from 104 metres, and 20 metres at 3.05 g/t gold from 120 metres.
The mineralisation in the area appeared to have a steep easterly dip, although the company noted more drilling will be required to confirm this interpretation.
Meanwhile, highlights from Mulga Bill, along the Loaded Dog trend, included four metres at 7.02 g/t gold from 84 metres and one metre at 39.3 g/t gold from 83 metres.
Great Boulder noted that while copper was intersected at the prospect – which reportedly demonstrates the potential significance of this area – it will remain focused on testing for high-grade gold mineralisation at Mulga Bill.
When reverse circulation drilling resumes at the end of June, Great Boulder said its first new target will be at the southern end of the Mulga Bill’s Loaded Dog corridor, where an air-core hole ended in 23.78g/t gold mineralisation at 150 metres depth.
“With the rig back on site for the rest of the year we will have a steady flow of results coming through and I’m sure there will be plenty more excitement as the story unfolds,” Great Boulder Managing Director Andrew Paterson said.
An extensional and infill reverse circulation program will also be completed at Ironbark to test continuity of mineralisation between the current intersections.
Great Boulder Resources were in the grey on the market this morning, trading at 7.1 cents at 10:01 am AEST.
