Great Boulder Resources (ASX:GBR) - Managing Director, Andrew Paterson
Managing Director, Andrew Paterson
Source: Great Boulder Resources/Twitter
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Great Boulder Resources (GBR) strikes up to 38.4 grams of gold per tonne (g/t gold) from drilling at the Side Well gold project in Western Australia
  • The results come from three of eight recent diamond holes drilled at the Mulga Bill prospect
  • Sections of the three holes were selected for priority assay based on observations during logging, which included the presence of visible gold
  • A reverse circulation program is ongoing while the company continues to recruit exploration staff to accelerate its field program at Mulga Bill
  • Great Boulder Resources drops 8 per cent, trading at 11.5 cents per share at 10:35 am AEST

Great Boulder Resources (GBR) has struck up to 38.4 grams of gold per tonne (g/t gold) from drilling at the Side Well gold project in Western Australia.

The results come from three of eight recent diamond holes drilled at the Mulga Bill prospect.

Sections of three holes were selected for priority assay based on observations during logging, which included the presence of visible gold.

Highlights from these results include 1 metre at 38.40 g/t gold from 129.3 metres and 0.96 metres at 12.99 g/t gold from 199 metres.

Visible gold was also observed higher up, in a hole associated with intense sulphide mineralisation. Samples from this intersection, as well as the balance of the assays from the other holes, are still to come.

“These holes were planned to target narrow high-grade vein positions, so we’re excited to see visible gold, intense alteration and high gold grades within those veins,” Managing Director Andrew Paterson said.

“The diamond program has been very important in providing more structural data, particularly the orientations of these vein sets.”

A reverse circulation program is continuing at the prospect, while the company continues to recruit exploration staff to accelerate its field program at Mulga Bill.

Diamond drilling results are expected by June at the latest.

Meanwhile, the company also received results from a 79-hole aircore program drilling in late January at the Whiteheads gold project.

Results include 4 metres at 0.77 g/t gold from 32 metres and 4 metres at 0.91 g/t gold from 48 metres.

Further reverse circulation drilling is now planned to test deeper high-grade potential in the area.

Great Boulder Resources dropped 8 per cent, trading at 11.5 cents per share at 10:35 am AEST.

GBR by the numbers
More From The Market Online

Week 13 Wrap: Easter bunny delivers new all time high for ASX200

Another week, another all time high. The ASX200 clocked 7,901pts on Thursday for the first time…
The Market Online Video

Market Close: Green lights up on ASX for Easter hunt go

The ASX200 closed the day in record territory - nearly a per cent up with every…

Market shrugs as Fisher & Paykel announces mass recall

Fisher & Paykel has initiated a voluntary limited recall of batches of Airvo 1 and my…
The Market Online Video

Market Update: ASX glows red hot with another hit record

The ASX200 is trading up, hitting a new high of 7901 point and eclipsing the last…