Great Boulder Resources (ASX:GBR) reports a new ‘high-grade’ gold lode has been identified from results of Mulga Bill Phase 3 and Phase 4 reverse circulation (RC) drilling at the Side Well Gold Project near Meekatharra in Western Australia.
Results from recent RC drilling have returned significant intersections including:
- 8m @ 5.5g/t Au from 110m and 6m @ 25.83g/t Au from 268m in hole 22MBRC055, with the deeper intersection interpreted to represent a new ‘high-grade’ lode in fresh rock approximately 90m to 100m east of precious ‘high-grade’ intersections.
- 8m @ 54.60g/t Au from 120m in 22MBRC056
- 6m @ 4.59g/t Au from 94m, including 2m @ 10.25g/t Au from 94m and 5m @ 5.83g/t Au from 113m in hole 22MBRC046
- 3m @ 7.03g/t Au from 101m in 22MBRC048
- 1m @ 29.40g/t Au from 103m and 1m @ 21.10g/t Au from 124m in 22MBRC052
- 1m @ 21.10g/t Au from 156m in 22MBRC05 at Mulga Bill North
Great Boulder Managing Director Andrew Paterson said Mulga Bill is continuing to deliver a string of extremely high-grade gold intersections as the company continues defining the extent and orientation of these structures.
“There are two results of particular interest in this batch of results.
Firstly, the identification of a new high-grade lode where we drilled a deep intersection of 6m @ 25.83g/t Au is a great result with exciting implications for a new mineralisation.
Secondly the 3m @ 7.03g/t Au in hole 22MBRC048 sits in the gap between the HGV and Main zones at Mulga Bill, so we are hoping to define a new zone in that area to improve continuity of mineralisation between the two-high grade areas.
“We are also looking forward to seeing the results from Phase 3 RC drilling at Ironbark shortly”
Drilling is continuing at Mulga Bill. We are also looking forward to seeing the results from Phase 3 RC drilling at Ironbark shortly.”
Aircore (AC) drilling has been completed at a number of target areas between Mulga Bill and Ironbark, with results expected in the next 4 to 6 weeks.
RC drilling is ongoing, with further work planned at Flagpole in addition to ongoing Mulga Bill drilling.
Results from the third phase of RC drilling at Ironbark are expected in the next 1 to 2 weeks.
Great Boulder is a mineral exploration company with a portfolio of highly prospective gold and base metal assets ranging from greenfields through to advanced exploration located in Western Australia.
The company’s core focus is advancing the Whiteheads and Side Well gold projects while progressing initial exploration at the earlier stage Wellington Base Metals Project located in an emerging MVT province.
With a portfolio of highly prospective assets plus the backing of a strong technical team, Great Boulder is ‘well positioned’ for future success.
Images: Great Boulder Resources Ltd
