Great Boulder Resources (ASX:GBR) strikes visible gold at Eaglehawk

Great Boulder Resources (ASX:GBR) has once again demonstrated the potential of its Side Well Gold Project near Meekatharra, with the latest round of RC drilling at Eaglehawk intersecting coarse visible gold.

The discovery underscores the project’s capacity to deliver standout results, as the company continues to advance towards a resource update supported by both ongoing drilling and technical studies

Highlights

• Coarse visible gold intersected at Eaglehawk from 154m down-hole in hole 25EHRC024.

• Correlates with a west-dipping high-grade vein system seen in earlier drilling.

• Strong recent results include 8m at 29.18g/t Au and 4m at 54.8g/t Au.

• Assays pending from 21 RC holes at Side Well South and 13 RC holes at Ironbark.

• Side Well Project hosts a Mineral Resource Estimate of 668,000oz at 2.8g/t Au.

The current drilling campaign at Eaglehawk has been designed to tighten up resource definition, and the early signs have been particularly encouraging.

Hole 25EHRC024 produced coarse visible gold between 154 and 155 metres, aligning with a structural interpretation that points to multiple high-grade vein systems across the Mulga Bill–Eaglehawk corridor.

Previous assays have confirmed the high-grade nature of this system, including 8m at 4.37g/t Au from 146m, 15m at 1.89g/t Au from 55m, and the standout 8m at 29.18g/t Au from 128m.

These zones, although relatively narrow, add considerable upside to the broader mineralised envelope that underpins the existing 668,000oz resource.

“It’s always exciting to see visible gold at the rig. We’ve seen these bonanza gold zones at Mulga Bill before, and as they’re relatively small structures there are likely to be a lot more within the Mulga Bill–Eaglehawk system that we haven’t found yet,” said managing director Andrew Paterson.

Great Boulder Resources broader exploration strategy is advancing in parallel, with an aircore rig testing geophysical targets at Ironbark North and further RC holes underway at Side Well South and Ironbark.

In addition, technical programs at Ironbark covering groundwater, waste rock characterisation and surface water studies are progressing, laying the groundwork for development planning.

The company retains a strong cash balance of $12.5 million with no debt, providing ample runway to fund its systematic approach across multiple prospects.

With more than 30 holes awaiting assay and additional drilling in progress, the flow of results is expected to remain steady in the weeks ahead.

Looking forward, the combination of visible gold, high-grade intersections, and pending results positions Great Boulder for a potentially transformative resource update.

The Side Well Project continues to evolve as one of the more compelling emerging gold systems in the Murchison, offering the blend of grade, scale and near-term activity that keeps the market’s attention firmly fixed on the drill bit.

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