Great Boulder Resources (ASX:GBR) has extended the Saltbush prospect at its Side Well Gold Project in Western Australia following a 1,560m reverse circulation drilling program.
All up, 12 holes were drilled, extending a lode 40m to the northwest of Saltbush.
Drillhole 24SBRC018 returned 10m @ 6.47 grams per tonne (g/t) gold from 117m, including 3m @ 18.59g/t gold; while drillhole 24SBRC017 measured 4m @ 4.4g/t gold from 65m, including 1m @ 13.85g/t.
Great Boulder, which has a market capitalisation of $38.19 million, says its interpretation is consistent with previous observations that the gold mineralisation is focused on and around the contact between a wedge of mafic rocks surrounded on both sides by ultramafic.
“Surface geochemistry indicates continued prospectivity along strike within a 2km geochemical anomaly, so the next round of drilling will test possible changes in direction, or a fault offset to the north,” Managing Director Andrew Paterson says.
“So far we’ve defined a near-surface, high-grade lode over 300m in length and we are confident that it will continue to grow.
“In the meantime, we have more results pending for Mulga Bill North, and the aircore rig has moved south for our first drilling program at the Polelle Project, approximately 5km southwest of the Side Well tenements.”
In addition to the Saltbush results, assays are pending for 14 aircore holes at Mulga Bill North.
Meanwhile, initial drilling is in progress at the Polelle Project, with results expected to be returned in four weeks.
The company notes a heritage survey is planned over the Side Well South area and is scheduled to begin late next month.
Write to Aaliyah Rogan at Mining.com.au
Images: Great Boulder Resources
