Great Boulder Resources Ltd (ASX:GBR) has announced the discovery of two significant gold targets through soil auger sampling at its flagship Side Well Gold Project in Western Australia, with the updated data now extending the project’s hydrothermal mineralisation to more than 18 kilometres of strike length.
The two new focus areas comprise one ‘Ironbark-style’ target with up to 75 parts per billion (ppb) gold measuring 2.4 kilometres long, and a 1.4 kilometre-long bismuth-molybdenum anomaly.
The latter has the same pathfinder elements as Mulga Bill, including bismuth assays up to 475 times background levels.
Their location is also promising, with both targets proximal to the historic high-grade Golden Bracelet Mine which yielded 1,009 ounces of gold with an average grade of around 27 grams per tonne: this mine also has the largest known workings in the Side Well project.
Great Boulder’s Managing Director Andrew Paterson said the recent work had involved wide-spaced surface sampling over Side Well South, extending coverage to the bottom of the Side Well project, which is located close to Meekatharra.
“This data has confirmed mineralisation continues south through our tenements and the known hydrothermal system now covers more than 18km of strike,” he said.
“At Side Well South we’ve identified two new targets collectively spanning 3.8km of strike. This expands the known mineral system with the same pathfinder fingerprints as our earlier discoveries to the north.
“The surface anomalism has been getting stronger as we move south, so we’re excited to find these new targets and keen to drill them as soon as possible. A heritage survey is scheduled to start on July 22nd, and we’ll be drilling as soon as we receive approval.”
Great Boulder has been trading at 5.6 cents.