- Great Boulder Resources (GBR) hits further high-grade gold at the Mulga Bill prospect within its Side Well project in Western Australia
- The company has received assays for the final three holes of its phase one reverse circulation program at Mulga Bill, with new results coming from the eastern lode
- Results from the final holes included nine metres at 27.29 grams per tonne (g/t) gold from 240 metres
- Further drilling is now being planned, with regional aircore and reverse circulation drilling to resume early next week
- Great Boulder Resources is up 6.67 per cent, trading at 9.6 cents at 1:09 pm AEST
Great Boulder Resources (GBR) has hit further high-grade gold at the Mulga Bill prospect within its Side Well project in Western Australia.
The company has received assays for the final three holes of its phase one reverse circulation program at Mulga Bill, with new results coming from the eastern lode.
Results from the final holes included nine metres at 27.29 grams per tonne (g/t) gold from 240 metres, including three metres at 76.95 g/t gold from 240 metres, which itself included one metre at 175.5 g/t gold from 241 metres.
Great Boulder said the high-grade results added confidence to the easternmost high-grade lode at the north end of Mulga Bill, around 90 metres east of the HGV Zone.
The lode, which was first discovered in September 2022, remains open both up and down dip, plus along-strike.
Meanwhile, the company has also received initial assays from an aircore drilling program. The work included 36 holes at the Flagpole prospect, nine holes from the Loaded Dog prospect and 34 holes at the north end of Mulga Bill.
“Initial assays have also been received for some of the aircore holes drilled in March,” Great Boulder Managing Director Andrew Paterson said.
“These are adding definition around the Flagpole prospect at the southern end of the six-kilometre Mulga Bill corridor. We will use that data to plan more reverse circulation drilling there shortly.”
Drilling was delayed by around a fortnight due to significant rainfall in late March, with 18 holes remaining in the program.
Further drilling will now be designed to test these positions, with regional aircore and reverse circulation drilling to resume early next week.
Great Boulder Resources shares were up 6.67 per cent and trading at 9.6 cents at 1:09 pm AEST.