Join our daily newsletter At The Bell to receive exclusive market insights
Great Boulder (ASX:GBR) has revealed its latest RC drill run hit fresh gold intercepts to the north of known mineralisation at Mulga Bill in WA.
The new intercepts were pulled from a region 250m to the north of Mulga Bill, which is where the current resource area stops. That resource boasts 568Koz of gold at 2.7g/t stretching over 2.3km. The fresh gold finds suggest a possibility of expansion.
Great Boulder headlined with an 8m intersection just short of 11g/t of gold from 135m depth including a 3m pocket with gold at near bonanza grades. It also highlighted:
- 6m @ 7.6g/t gold from 136m depth
- 8m @ 2.0g/t gold from 72m depth inc. 4m @ 3.8g/t gold
- 5m @ 1.9g/t gold from 117m
Further assays are due back next month when the results from two recently sunk diamond tipped deep holes will land on the company’s desk. RC drilling remains ongoing at Mulga Bull; an updated resource for the Side Well asset is due before the start of next year.
“RC drilling immediately north of Muga Bill has confirmed high-grade mineralisation extending 250m north of the current resource envelopes,” Great Boulder MD Andrew Paterson said.
“This program comes on the back of high-grade hits announced in this area earlier in the year, including 16m @ 13.83g/t Au in hole 24MBRC001.
“The combined footprint of Mulga Bill and Mulga Bill North extends over 2.3km of strike, and we’ve really only scratched the surface of the northern half of that zone with relatively shallow drilling.”
GBR last traded at 4.8cps.
-1200x645-380x200.jpg)