Market Herald logo


Be the first with the news that moves the market
  • Great Boulder Resources (GBR) reports a “spectacular” intersection at the Mulga Bill prospect within its Side Well project in WA
  • One of two diamond holes completed in April returned an intercept of 5.9 metres at 39.37 g/t gold from 84.3 metres including an even higher-grade of 63.79 g/t gold over 3.6 metres
  • The company has also received aircore drill results from Mulga Bill and Loaded Dog which have demonstrated the potential for additional mineralisation further west
  • Furthermore, Great Boulder expects a steady flow of assays over the coming months as it recently began a reverse circulation drilling program at Side Well
  • GBR shares are up 5.56 per cent to trade at 7.6 cents at 10:38 am AEST

Great Boulder Resources (GBR) has received assays from the final two diamond holes drilled at the Mulga Bill prospect within the Side Well project in Western Australia.

While both holes returned high grades, 22MBRC005 returned a “spectacular” intersection, according to the company.

22MBRC005 intersected 5.9 metres at 39.37 grams per tonne (g/t) gold from 84.3 metres including 3.6 metres at 63.79 g/t gold from 85.4 metres.

This result reportedly verifies the down-dip continuity of the original “discovery hole”, 21MBAC002, which was drilled at Mulga Bill at the start of 2021 and intersected three metres at 34.54 g/t gold from 32 metres.

Managing Director Andrew Paterson said the result is in a shallower part of Mulga Bill, on the same section as GBR’s first high-grade intersection early last year.

“The significance of this result is that it supports our geological interpretation in that area, which has changed significantly since the first holes were drilled. It is also significant that the hole intersected a thicker zone of very high-grade mineralisation compared to the narrower intersections reported in earlier diamond holes,” he said.

Great Boulder Resources has also reported on results from recent aircore drilling at the Mulga Bill and Loaded Dog prospects.

Aircore drilling at Mulga Bill returned an intercept of three metres at 4.32 g/t gold from 47 metres and results from Loaded Dog include one metre at 8.51 g/t gold and four metres at 1.16 g/t gold which the company said adds definition at Loaded Dog.

The Loaded Dog Prospect also returned an intercept of four metres at 1.63 g/t gold which shows potential for further mineralisation to the west.

Additionally, Great Boulder began reverse circulation drilling last month which it said is progressing well at the southern end of the Mulga Bill corridor and at the nearby Ironbark prospect. It expects to receive the first results in August.

GBR shares were up 5.56 per cent to trade at 7.6 cents at 10:38 am AEST.

GBR by the numbers
More From The Market Herald
The Market Herald Video

" Woomera Mining (ASX:WML) appoints Jason Livingstone as new Managing Director

Mineral explorer Woomera Mining (ASX:WML) has appointed Jason Livingstone as its new Managing Director, effective from…
The Market Herald Video

" Security Matters (ASX:SMX) enters into $2m standby equity facility

Security Matters (ASX:SMX) has entered into a standby equity deed with Evolution Capital.
The Market Herald Video

" Ora Gold (ASX:OAU) obtains unsecured $500k loan facility

Ora Gold (ASX:OAU) has obtained an unsecured $500,000 loan facility from Ioma to assist with general…
Baby Bunting (ASX:BBN) - Chair and Non Executive Director, Melanie Wilson

" Baby Bunting (ASX:BBN) surpasses $500m sales for the first time

Baby goods retailer Baby Bunting (ASX:BBN) surpasses half a billion dollars in sales for the first…