Join our daily newsletter At The Bell to receive exclusive market insights
- Great Boulder Resources (GBR) has received initial results from its recent reverse circulation (RC) drilling program at the Blue Poles discovery in WA
- Throughout March and April, the company drilled 21 RC holes to follow up on results intersected in phase one drilling
- Results have been received for the first 15 holes which have seen grades peak at 2.20g/t gold
- Furthermore, the results have confirmed a continuous 300-metre-long zone of mineralisation which Great Boulder plans to follow up
- The company has now begun an aircore drilling program to test targets along the Arsenal Trend and the Gunners Prospect
- Shares in Great Boulder are up 7.84 per cent on the market and are trading at 5.5 cents
Great Boulder Resources (GBR) has received initial results from its recent reverse circulation (RC) drilling program at the Blue Poles discovery.
Blue Poles lies within the Whiteheads Gold Project, which is located 60 kilometres north of Kalgoorlie in Western Australia.
Throughout March and April, Great Boulder drilled 21 RC holes, for 2257 metres, to follow up on results intersected in phase one drilling.
Great Boulder has received results from the first 15 holes which have confirmed a continuous 300-metre-long zone of mineralisation.
This is encouraging for the company, as it is only the second round of RC drilling completed at Blue Poles.
Best results include 36 metres at 1.09g/t gold from 28 metres including eight metres at 2.20g/t gold, and 40 metres at 1.18g/t gold from 40 metres including 20 metres at 1.51g/t gold.
This zone remains open at depth and along strike to the north, and Great Boulder has planned follow up drilling to further test it.
“Blue Poles is growing nicely. With each round of drilling we are seeing more consistent thick intersections which is a fantastic result at such an early stage,” Managing Director Andrew Paterson said.
“This confirms our view that the Arsenal Trend has significant potential for multiple gold discoveries, and there is room for many more Blue Poles-sized discoveries within the full 20 kilometre strike of the trend,” he added.
Great Boulder has now begun an aircore drilling program to test targets along the Arsenal Trend and the Gunners Prospect.
Shares in Great Boulder are up 7.84 per cent on the market and are trading at 5.5 cents at 12:38 pm AEST.
