Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Great Boulder Resources (GBR) intersects high-grade gold in its maiden drilling program at the Ironbark prospect within the Side Well gold project in WA
  • Assays have been received for the first three reverse circulation holes with up to 6.68 grams per tonne (g/t) gold intersected
  • Geological logging of the RC chips shows a zone of deep weathering that strikes north-northeast and is coincident with gold mineralisation
  • Results for the remaining four holes are expected in the coming weeks and further drilling will be undertaken shortly
  • Great Boulder is down 1.45 per cent on the market with shares trading at 6.8 cents at 11:28 am AEST

Great Boulder Resources (GBR) has intersected high-grade gold in its maiden drilling program at the Ironbark prospect within the Side Well gold project in WA.

Assays have been received for the first three reverse circulation (RC) holes with a best result of 22 metres at 2.47 grams per tonne (g/t) gold from 38 metres, including four metres at 6.68 g/t gold from 39 metres.

Other results include 14 metres at 4.25 g/t gold from 104 metres including eight metres at 5.96 g/t gold from 108 metres, and two metres at 1.33 g/t gold from 128 metres.

Geological logging of the RC chips shows a zone of deep weathering that strikes north-northeast and is coincident with gold mineralisation.

The deep weathering means the gold intersections are in partially weathered rock and are likely to relate to mineralisation at depth.

“In contrast to Mulga Bill, Ironbark is not concealed beneath alluvial cover and we were able to make this discovery last year using auger soil sampling followed by air-core drilling,” Managing Director Andrew Paterson said.

“We now have high grades in two of the first three RC holes, with broad down-hole intervals at relatively shallow depths.”

Results for the remaining four holes are expected in the coming weeks and further drilling will be undertaken shortly.

Great Boulder was down 1.45 per cent on the market with shares trading at 6.8 cents at 11:28 am AEST.

GBR by the numbers
More From The Market Herald

" Empire Resources (ASX:ERL) records further multi-element mineralisation at Yuinmery, WA

Empire Resources (ASX:ERL) has intersected more multi-element mineralisation at its Yuinmery project in Western Australia.

" R3D Resources (ASX:R3D) to commence drilling in QLD this weekend

R3D Resources (ASX:R3D) is gearing up to commence a drilling program at key copper and zinc…
The Market Herald Video

" DDH1 (ASX:DDH) launches share-buy back

DDH1 (ASX:DDH) has launched an on-market share buy-back program of up to 10 per cent of…
The Market Herald Video

" Lithium Australia’s (ASX:LIT) Envirostream receives first cash rebate for B-cycle scheme

Lithium Australia's (ASX:LIT) subsidiary, Envirostream Australia has received its first cash rebate for the B-cycle scheme.