- Great Boulder Resources (GBR) has discovered gold mineralisation over 700 metres at the Blue Poles prospect, which is part of the Whiteheads Project in WA
- The miner drilled 17 holes last year, which focused on testing gold mineralisation beneath aircore drilling intersections
- Pleasingly, drilling intersected broad zones of up to 52 metres at 1.02g/t gold
- Mineralisation remains open at depth and to the south and GBR plans to undertake follow-up drilling once gravity survey data has been processed and it has planned drill targets
- GBR is also targeting gold mineralisation at the Side Well Gold Project through a 4000-metre aircore program
- Company shares are up 20 per cent and trading at 5.4 cents
Great Boulder Resources (GBR) has discovered gold mineralisation over 700 metres at the Blue Poles prospect, which is part of the Whiteheads Project in WA.
In late November 2020, GBR undertook a maiden reverse circulation (RC) drilling program at Blue Poles, which included 15 holes for 1448 metres.
Drilling aimed to test primary gold mineralisation beneath recent aircore drilling intersections. An additional two holes, for roughly 250 metres, were added to the program to target a lead-zinc prospect west of Blue Poles.
Pleasingly, the company identified primary mineralisation over a 700-metre strike length, including broad zones of up to 52 metres at 1.02g/t gold from 28 metres to the end of hole 20BPRC006.
Additional results include 28 metres at 0.61g/t gold from 32 metres, 29 metres at 0.66g/t gold from 68 metres and 42 metres at 0.45g/t gold from 28 metres.
“There are two key takeaways here: firstly, we’ve identified primary gold over a 700-metre length in our first few RC holes, and it remains open at depth and to the south. That means the deposit is in-situ and not just a shallow supergene deposit limited to the weathered, near-surface material,” Managing Director Andrew Paterson said.
“Secondly, these intersections up to 52 metres wide demonstrate the potential for a large mineralised system. The next round of drilling will test the true thickness of these zones,” he added.
Great Boulder Resources is now planning a second round of RC drilling to define and potentially extend these results. This work will begin once gravity survey processing and target planning have been completed.
The company has also begun a 4000-metre aircore drilling program at the Side Well Gold Project in Meekatharra. Drilling is targeting the Mulga Bill prospect to hopefully define zones of gold mineralisation.
Company shares are up 20 per cent and trading at 5.4 cents at 1:01 pm AEDT.