- Great Boulder Resources (GBR) records “significant” new intercepts at the Mulga Bill prospect at the Side Well gold project in WA
- After reporting on the initial results from Mulga in April, the company has assays from a further three holes
- The latest results include two metres at 9.41 grams per tonne (g/t) gold from 90 metres including 0.56 metres at 30.80g/t gold
- One of the drill holes failed to intersect significant gold mineralisation, however, pathfinder geochemistry indicates this area is proximal to gold mineralisation
- GBR said there will be a number of results coming through as it is currently awaiting results from two diamond holes, 31 reverse circulation holes and 57 air-core holes
- On the market, GBR is down 8.05 per cent and trading at eight cents at 10:34 am AEST
Great Boulder Resources (GBR) has recorded new “significant” intercepts at the Mulga Bill prospect at the Side Well gold project in WA.
After reporting on the initial results from Mulga in April, the company has assays from a further three holes.
The latest results include two metres at 9.41 grams per tonne (g/t) gold from 90 metres including 0.56 metres at 30.80g/t gold, 0.57 metres at 19.20g/t gold from 11.75 metres and 0.43 metres at 11.53g/t gold from 106.21 metres including 0.15 metres at 30.5g/t gold.
One of the drill holes failed to intersect significant gold mineralisation, however, according to the company, pathfinder geochemistry indicates this area is proximal to gold mineralisation.
“I am very pleased to note that the high-grade gold intersected in diamond holes 22MBDD003 and 22MBDD004 are consistent with our geological interpretation, which also means we are becoming increasingly confident in our understanding of the high-grade northern area of Mulga Bill,” Managing Director Andrew Paterson said.
Great Boulder said there will be a flood of results coming through as it is currently awaiting results from two diamond holes, 31 reverse circulation (RC) holes and 57 air-core (AC) holes.
“We learn something from every hole we drill. I am very keen to see the next round of assays come back from the lab and also very excited to start RC drilling targets at the southern end of the Mulga Bill – Loaded Dog corridor,” Mr Paterson said.
RC drilling at Side Well will be recommencing soon and will be focused on the southern end of Mulga Bill where AC drilling intersected three metres at 8.56g/t gold. The rig will remain on-site for the remainder of the year.
On the market, GBR was down 8.05 per cent and trading at eight cents at 10:34 am AEST.