- Great Boulder Resources (GBR) strikes further “high-grade” gold during its ongoing drilling program at the Mulga Bill prospect within its Side Well gold project in WA
- The results come from a series of reverse circulation holes drilled at Mulga Bill in August and September, with assays including four metres at 76.9 g/t from 100 metres
- Great Boulder says the new assays represent some of the highest-grade intersections outside the high-grade vein area at Mulga Bill to date and have been submitted for multi-element analysis
- Reverse circulation drilling is set to continue while the company awaits the results from phase four drilling at the Ironbark prospect
- Great Boulder Resources shares are up 2.2 per cent to 9.3 cents at 11:04 am AEDT
Great Boulder Resources (GBR) has struck further “high-grade” gold from ongoing drilling work at the Mulga Bill prospect within its Side Well gold project in Western Australia.
The company has received results from a series of reverse circulation holes drilled at the prospect during August and September.
Assays from the program included 13 metres at 25.5 grams per tonne (g/t) from 96 metres, including four metres at 76.9 g/t from 100 metres.
Further results included ten metres at 28.74 g/t from 96 metres, including four metres at 29.4 g/t from 96 metres and one metre at 121 g/t from 101 metres.
Great Boulder said these newest assays represented some of the highest-grade intersections outside the high-grade vein area at Mulga Bill to date. These intersections are associated with primary copper-gold-silver mineralisation and have been submitted for multi element analysis.
Meanwhile, drill testing of a new high-grade zone east of the HGV area returned 22 metres at 1.27 g/t gold from 228 metres, including four metres at 4.33 g/t from 246 metres.
Great Boulder Managing Director Andrew Paterson said the results demonstrated an “exciting” upside across several prospects.
“Firstly, we have some extremely high-grade results in the central area of Mulga Bill which has seen less drilling than the HGV area. These hits highlight the potential for additional high-grade zones to the south,” Mr Paterson said.
“Secondly we have extended the HGV area further north and opened up the potential that it may continue north of the cross-cutting Proterozoic dyke. This area remains relatively untested by RC drilling so there is a lot of scope for extensions in that direction.”
The company said reverse circulation drilling will continue while it awaits the results from phase four drilling at Ironbark.
Great Boulder Resources shares were up 2.2 per cent to 9.3 cents at 11:04 am AEDT.