Great Boulder Resources Limited (ASX:GBR) | Major drilling program underway at Peak Hill Gold Project
Great Boulder Resources Limited (ASX:GBR) has commenced a forty thousand metre drilling program at the Peak Hill Gold Project in Western Australia, just a fortnight after completing the acquisition. This episode covers the targets of the drilling program, the existing four hundred and eighty one thousand ounce Mineral Resource across its five zones, the historical drilling results at Golden Treasure, and the operational milestones outlined by the company.
Key facts covered in this episode:
Peak Hill Mineral Resource of nine point three eight five million tonnes at one point six grams per tonne gold for four hundred and eighty one thousand ounces. Two reverse circulation, or RC, rigs are currently drilling. A diamond rig is expected to arrive in approximately five weeks. First Peak Hill assay results are expected in August twenty twenty six. Updated Mineral Resource estimates for Peak Hill and Side Well are planned before the end of calendar year twenty twenty six. Mining studies are scheduled to commence in the first quarter of twenty twenty seven. Side Well hosts a separate one point zero two million ounce gold Mineral Resource, with twenty thousand metres of drilling planned during the current half year. An Ore Purchase Agreement with Westgold Resources Limited provides access to processing capacity, which the company states is a capital light pathway toward production. A Mining and Heritage Agreement with the Jidi Jidi Aboriginal Corporation is also in place.
Historical drilling completed by Westgold Resources Limited at Golden Treasure returned nineteen metres at thirteen point three four grams per tonne gold from one hundred and four metres, including seven metres at thirty four point five seven grams per tonne gold, and ten metres at eighteen point seven nine grams per tonne gold from nineteen metres. The company states these results sit outside the current Mineral Resource.
This episode is based solely on information contained in the Great Boulder Resources Limited ASX announcement dated sixteen July twenty twenty six. Nothing in this episode constitutes financial advice. All content is provided for information purposes only. Listeners should conduct their own research and consider their own financial circumstances before making any investment decision.