- Great Boulder Resources (GBR) strikes up to 38.4 grams of gold per tonne (g/t gold) from drilling at the Side Well gold project in Western Australia
- The results come from three of eight recent diamond holes drilled at the Mulga Bill prospect
- Sections of the three holes were selected for priority assay based on observations during logging, which included the presence of visible gold
- A reverse circulation program is ongoing while the company continues to recruit exploration staff to accelerate its field program at Mulga Bill
- Great Boulder Resources drops 8 per cent, trading at 11.5 cents per share at 10:35 am AEST
Great Boulder Resources (GBR) has struck up to 38.4 grams of gold per tonne (g/t gold) from drilling at the Side Well gold project in Western Australia.
The results come from three of eight recent diamond holes drilled at the Mulga Bill prospect.
Sections of three holes were selected for priority assay based on observations during logging, which included the presence of visible gold.
Highlights from these results include 1 metre at 38.40 g/t gold from 129.3 metres and 0.96 metres at 12.99 g/t gold from 199 metres.
Visible gold was also observed higher up, in a hole associated with intense sulphide mineralisation. Samples from this intersection, as well as the balance of the assays from the other holes, are still to come.
“These holes were planned to target narrow high-grade vein positions, so we’re excited to see visible gold, intense alteration and high gold grades within those veins,” Managing Director Andrew Paterson said.
“The diamond program has been very important in providing more structural data, particularly the orientations of these vein sets.”
A reverse circulation program is continuing at the prospect, while the company continues to recruit exploration staff to accelerate its field program at Mulga Bill.
Diamond drilling results are expected by June at the latest.
Meanwhile, the company also received results from a 79-hole aircore program drilling in late January at the Whiteheads gold project.
Results include 4 metres at 0.77 g/t gold from 32 metres and 4 metres at 0.91 g/t gold from 48 metres.
Further reverse circulation drilling is now planned to test deeper high-grade potential in the area.
Great Boulder Resources dropped 8 per cent, trading at 11.5 cents per share at 10:35 am AEST.