- Great Boulder Resources (GBR) has begun a 60-hole aircore (AC) drilling program at the Side Well Gold Project in Western Australia
- Drilling began yesterday and will focus on four highly prospective regional targets where up to 35.5g/t gold has been previously intersected
- Drilling is expected to take three weeks to complete and results will be reported on in due course
- Great Boulder is also waiting on results from the Mulga Bill reverse circulation (RC) drilling program
- Of the 29 RC holes drilled, results for the remaining 26 are expected to be received in the next three to four weeks
- Great Boulder is down 6.12 per cent on the market with shares trading at 9.2 cents
Great Boulder Resources (GBR) has begun a 60-hole aircore (AC) drilling program at the Side Well Gold Project in Western Australia.
The Side Well Project lies near Meekatharra in an area that has produced nearly four million ounces of gold.
Drilling began yesterday and will focus on four highly prospective regional targets with primary focus at the Matilda Prospect where a historical intersection of three metres at 35.5g/t gold was identified in 2011.
Great Boulder will also focus on areas identified during analysis of versatile time domain electromagnetic data and two areas of pathfinder anomalism.
Drilling is expected to take three weeks to complete and results will be reported on in due course.
Great Boulder is also waiting on results from the Mulga Bill reverse circulation (RC) drilling program.
Of the 29 RC holes drilled, results for the remaining 26 are expected to be received in the next three to four weeks.
Two of the three holes that have has results returned intersected significant gold mineralisation including a best result of six metres at 31.2g/t gold from 130 metres.
Furthermore, soil from a 948-sample program at the Jones Well area will be assayed by the end of the month.
“Having completed AC drilling on a number of Whiteheads targets last week we’re now back on the ground at Side Well. This is our fourth drilling program since the end of March,” Managing Director Andrew Paterson commented.
“We are very keen to look at the geology at Matilda and see if we can extend mineralisation in the high-grade zone, as well as three other high priority untested targets in the region,” he said.
“The company also eagerly awaits the remaining results from the Mulga Bill RC program and the soils samples at Jones Well as we look to build a pipeline of prospects within the Side Well Project,” he added.
Great Boulder is down 6.12 per cent on the market with shares trading at 9.2 cents at 3:46 pm AEST.