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Great Boulder (ASX:GBR) has reported its latest downhole gold hits at the company’s Saltbush asset, with a “significant extension” now on the cards.
Drilling data – collected from a reverse circulation (RC) rig – suggests the northern end of Saltbush hosts a mineral deposit remaining open in that direction with modelling data being further refined.
The company highlighted the following results on Monday:
- 08m @ 8g/t gold from 12m depth
- 07m @ 4.1g/t gold from 141m depth
- 04m @ 4.7g/t gold from 19m depth
- 01m @ 34g/t gold from 54m depth
“We’ve confirmed the mineralisation plunges north underneath the northern-most fence of drill holes which means there is potential for a significant extension to the strike length of the Saltbush deposit,” Great Boylder MD Andrew Paterson said.
“The RC rig has just finished a program at the northern end of Mulga Bill, so we’re also anticipating results from that drilling later in December.”
Saltbush is a prospect part of Great Boulder’s larger Side Well Gold Project (SWGP) in WA around which much geotech interest lingers on historic workings on-site.
To that end, aircore drillers recently sunk holes nearby – giving GBR hopes it’s just potentially found a second prospect area of interest.
““Our initial holes from first-pass air-core drilling at Side Well South has confirmed gold mineralisation along strike north of the historic Golden Bracelet mine workings, and the AC rig has now returned to continue this program,” Paterson added.
The company has been busy at Saltbush for much of the year.
GBR last traded at 4.3cps.
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