Total
0
Shares
Source: Great Boulder Resources
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Great Boulder Resources (GBR) has begun the week in a trading halt while it inks out the details of a capital raise
  • The company will remain in the halt until February 24 or when an announcement is made, whichever occurs first
  • On February 18, Great Boulder discovered a 700-metre long gold mineralisation zone at the Blue Poles Prospect in Western Australia
  • In November last year, the company undertook a maiden reverse circulation (RC) drilling program at the prospect to test for primary gold mineralisation
  • As well as the gold mineralisation zone, up to 1.02g/t gold was intersected and Great Boulder will now follow-up the results
  • The company has also begun an aircore drilling program Side Well Gold Project to target the Mulga Bill Prospect and define zones of gold mineralisation
  • Shares in Great Boulder last traded at 4.3 cents on February 19

Great Boulder Resources (GBR) has begun the week in a trading halt while it inks out the details of a capital raise.

The company will remain in the halt until February 24 or when an announcement is made, whichever occurs first.

Great Boulder is yet to disclose how much it intends to raise or what it will use the funds for once received.

On February 18, Great Boulder discovered a 700-metre-long gold mineralisation zone at the Blue Poles Prospect in Western Australia.

In November last year, the company undertook a maiden reverse circulation (RC) drilling program at the prospect to test for primary gold mineralisation.

As well as the 700-metre long mineralised zone, a best result of 52 metres at 1.02g/t gold from 28 metres was also returned.

The company is now in the process of planning a second round of RC drilling to potentially extend these results.

Drilling is set to begin once gravity survey processing and target planning is completed.

Great Boulder has also begun an aircore drilling program at the Side Well Gold Project in Meekatharra to target the Mulga Bill prospect and define gold mineralisation zones.

Shares in Great Boulder last traded at 4.3 cents on February 19. The company has an $8.09 million market cap.

GBR by the numbers
More From The Market Herald
Kopore Metals (ASX:KMT) - Managing Director, Simon Jackson (right)

" Kopore Metals (ASX:KMT) planning capital raise

Kopore Metals (KMT) has entered into a trading halt ahead of an upcoming capital raise.
Bio Gene Technology (ASX:BGT) - CEO & Managing Director, Richard Jagger

" Bio-Gene Technology (ASX:BGT) halts trade following research agreement

Bio-Gene Technology (BGT) has placed its shares in a trading halt while it plans the details of an upcoming capital raising.
Johns Lyng Group (ASX:JLG) - Managing Director and CEO, Scott Didier

" Johns Lyng Group (ASX:JLG) in back-to-back trading halts

Johns Lyng Group (JLG) has entered consecutive trading halts regarding a ‘material’ transaction and a capital raise.
Environmental Group (ASX:EGL) - Chairwoman, Lynn Richardson

" Environmental Group (ASX:EGL) pauses trading as it plans capital raise

The Environmental Group (EGL) has entered into a trading halt as it plans an upcoming capital raise.