Great Boulder (ASX:GBR) high rolling at Side Well

Great Boulder Resources has reported 5 metres of gold at 51.65g/t and another hole with an impressive 193.50g/t Au over 1m during recent RC drilling at the Side Well Gold Project near Meekatharra in Western Australia.

Assays from drilling in July explore test strike and depth extensions of mineralisation and infill areas where the previous drilling had missed interpreted lodes.

Ironbark strike extends to over 500m and remains open to north and south, with RC drilling ongoing in the Mulga Bill corridor with planning underway for the fourth phase of RC drilling at Ironbark.

The Company said the third phase of drilling had exceeded our expectations, with the high-grade intersections demonstrating the potential for a future open pit or underground mining.

These are the highest grades we’ve yet seen at Ironbark, comparable to some of our best results at Mulga Bill,” Managing Director Andrew Paterson said.

“We have extended the strike to more than 500m with a shallow intersection in the northernmost hole, which means it remains open along the strike and at depth.”

“Planning is now underway for more RC drilling to continue testing the strike of Ironbark and also looking at possible plunge orientations for the high-grade shoots.”

Results

• 15m @ 1.99g/t Au from 37m in 22IBRC022.
• 5m @ 51.65g/t Au from 106m, including 1m @ 193.50g/t Au from 107m in 22IBRC024.
• 8m @ 4.31g/t Au from 88m and 5m @ 6.10g/t Au from 122m in 22IBRC025.
• 2m @ 13.76g/t Au from 133m, including 1m @ 26.70g/t Au from 133m in 22IBRC027.
• 3m @ 27.06g/t Au from 145m, including 1m @ 79.80g/t Au from 147m in 22IBRC028.
•  22m @ 1.43g/t Au from 102m, including 2m @ 13.57g/t Au from 102m in 22IBRC029.

RC drilling continues at Side Well, with the rig rotating between programs at Mulga Bill and Flagpole. A fourth round of drilling at Ironbark is planned and will be completed in the coming months.

Meanwhile, infill auger sampling has now been completed over priority areas within the Ironbark South stratigraphy, bringing the sample spacing into a 200 by 50m grid.

The Company says this spacing will allow prioritisation of drill targets for AC testing once DMIRS and heritage clearances are received.

Price Action

The Company’s ASX-listed shares are 9.1c at Market Open.

About Great Boulder Resources

Great Boulder Resources is a mineral exploration company with high-quality gold and base metal projects in Western Australia. The Company’s key focus is the exploration and development of the high-grade Side Well Gold Project near the historic gold camp of Meekatharra in the Murchison region.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.