- Great Boulder Resources’ (GBR) share price has soared as it delivers remaining assay results from its Blue Poles prospect in Western Australia
- The results mark the last expected from GBR’s 21-hole reverse circulation drilling campaign at the prospect, which falls within the company’s Whiteheads Gold Project
- Great Boulder said the results confirm zones of primary gold mineralisation over 450 metres of strike at Blues Poles, with the full width of mineralisation set to be tested in further drilling
- Notable results returned 40 metres at 1.15g/t gold from 44 metres, including 24 metres at 1.54g/t gold, 40 metres at 1.03g/t gold from 40 metres, including 16 metres at 1.40g/t gold and 15 metres at 1.02g/t gold from 65 metres
- Great Boulder Resources shares have spiked 71.7 per cent following the announcement, trading at 7.9 cents
Great Boulder Resources’ (GBR) share price has soared as it delivers remaining assay results from its Blue Poles prospect in Western Australia.
The results mark the last expected from GBR’s 21-hole reverse circulation drilling campaign at the prospect, which falls within the company’s Whiteheads Gold Project.
According to Great Boulder, the results confirm zones of primary gold mineralisation over 450 metres of strike at Blues Poles and are interpreted to to dip to the west, striking north-northwest.
Broadly, the company affirms this interpretation means some sections remain open to the west, with the full width of mineralisation expected to be confirmed in the next round of drilling.
Notable results returned 40 metres at 1.15g/t gold from 44 metres, including 24 metres at 1.54g/t gold, 40 metres at 1.03g/t gold from 40 metres, including 16 metres at 1.40g/t gold and 15 metres at 1.02g/t gold from 65 metres.
Looking ahead, the company said other intersections in drilling up to 500 metres further north are yet to be followed up, with the Gunners “Blue Poles look-a-like” prospect now being tested with air core drilling.
Great Boulder’s Managing Director Andrew Paterson commented.
“We’re now planning another round of RC drilling to infill these areas where the sections are open to the west, and we’ll be using this information to test a west-dipping orientation on other gold intersections further north,” he said.
Great Boulder Resources shares have spiked 71.7 per cent following the announcement, trading at 7.9 cents at 10:51 am AEST.