- Great Boulder Resources (GBR) has begun the week in a trading halt in regards to an upcoming capital raising
- The company will remain in the halt until May 19 or when more details regarding the raise are released, whichever occurs first
- On May 14, Great Boulder began a 60-hole aircore drilling program at the Side Well Gold Project in Western Australia
- Drilling will focus on four highly prospective regional targets with initial focus at the Matilda Prospect 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
- Shares in Great Boulder last traded at 9.1 cents on May 14
Great Boulder Resources (GBR) has begun the week in a trading halt in regards to an upcoming capital raising.
The company will remain in the halt until May 19 or when more details regarding the raise are released, whichever occurs first.
Great Boulder is yet to disclose how much it intends to raise or what it will use the funds for.
On May 14, the company began a 60-hole aircore (AC) drilling program at the Side Well Gold Project in Western Australia.
Drilling will focus on four highly prospective regional targets with initial focus at the Matilda Prospect where up to 35.5g/t gold has been previously intersected.
Great Boulder also stated it will 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.
Shares in Great Boulder last traded at 9.1 cents on May 14. The company has a $25.19 million market cap.