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- Great Boulder Resources (GBR) begins its phase five reverse circulation (RC) drilling program at the Mulga Bill Prospect in Western Australia
- Between 4000 metres and 5000 metres of RC drilling will be undertaken to continue testing the high-grade gold mineralisation
- The company will aim to build upon previous drilling which intersected up to 36.12 grams of gold per tonne (g/t)
- Great Boulder is now interpreting results from a recently completed gravity survey at Mulga Bill and these are expected to be released shortly
- Shares in Great Boulder are up 2.78 per cent on the market and are trading at 18.5 cents at 11:56 am AEDT
Great Boulder Resources (GBR) has begun its phase five reverse circulation (RC) drilling program at the Mulga Bill Prospect.
Mulga Bill is part of the Side Well Project which lies near Meekatharra in Western Australia.
Between 4000 to 5000 metres of RC drilling will be undertaken to continue testing the high-grade gold mineralisation.
Great Boulder will aim to build up on previous drilling which returned intersections of 14 metres at 36.12 grams of gold per tonne (g/t) and six metres at 31.20g/t gold.
Furthermore, drilling will also test the continuity of mineralisation over 400 metres in a new discovery east of Mulga Bill.
Managing Director Andrew Paterson commented on the drilling program.
“This drilling is now our fifth RC program at Mulga Bill this year and potentially the biggest yet. We’re still building our understanding of the deposit and to some extent our drill planning reflects this,” Mr Patterson said.
“I’m extremely happy with the way the Side Well project has progressed this year. Given the scale and potential of Mulga Bill there is a lot more drilling to do but every program improves our confidence that this is a large scale, well-endowed mineral system.”
Great Boulder is now interpreting results from a recently completed gravity survey at Mulga Bill which are expected to be released shortly.
Final assays from the diamond drilling program are still being processed but are expected to be released shortly.
Additionally, assay results are expected in roughly eight weeks from an aircore drilling program undertaken at the Whiteheads Gold Project.
Shares in Great Boulder were up 2.78 per cent on the market and were trading at 18.5 cents at 11:26 am AEDT.
