- Latest results from a drill campaign at Great Boulder Resources’ (GBR) Side Well Gold Project have given way to what the company believes could be a new gold prospect
- The new prospect lies to the East of the Mulga Bill anomaly, which sits within the broader Western Australian-based project
- The drill also extended the prospect by another 1.4 kilometres according to GBR, taking Mulga Bill’s strike length to over five kilometres
- Great Boulder Resources Managing Director Andrew Paterson says discovering a new prospect is “hugely” exciting
- Great Boulder Resources shares are down 17.1 per cent to trade at 17 cents at 11:57 am AEST
Latest results from a drill campaign at Great Boulder Resources’ (GBR) Side Well Gold Project have given way to what the company believes could be a new gold prospect.
The results come from reverse circulation and air core drilling completed at the Mulga Bill anomaly in the middle of this year, which sits within the Side Well Project in Western Australia.
Great Boulder said the newly identified prospect was approximately 1.5 kilometres east of the Mulga Bill, with drilling intersecting gold on three 100 metre spaced drill lines.
Drilling has extended the prospect by another 1.4 kilometres, taking the overall strike length of Mulga Bill to more than five kilometres and is not yet closed off along strike.
Notable reverse circulation drilling results from the Mulga anomaly included one metre at 11 grams of gold per tonne (g/t) eight metres at 1.50g/t gold and four metres at 3.34g/t gold.
Great Boulder Resources Managing Director Mr Andrew Paterson said discovering a new prospect was “hugely” exciting.
“We will be looking to extend that discovery further in the next round of drilling,” Mr Paterson said.
“We are also very excited the regional AC drilling has significantly extended Mulga Bill to the south, meaning it is now over five kilometres long and still open in both directions.”
GBR said results from a diamond drilling program completed over July and August were “imminent”.
Great Boulder Resources shares are down 17.1 per cent to trade at 17 cents at 11:57 am AEST.