Great Boulder Resources delivers maiden MRE at Side Well Gold Project in WA

Mineral exploration company Great Boulder Resources (ASX:GBR) has delivered a maiden Mineral Resource Estimate (MRE) at the Side Well Gold Project near Meekatharra in Western Australia.

The company says the MRE for the Mulga Bill and Ironbark prospects contains a total of 518,000 ounces of contained gold (Au) at an average grade of 2.6g/t Au at an inferred classification. This MRE was prepared by an independent consultant using geological and mineralisation interpretations prepared by Great Boulder using all available aircore (AC), reverse circulation (RC), and diamond data.

Commenting on the maiden MRE, Great Boulder Resources Managing Director Andrew Paterson says: “This resource incorporates all the drilling we’ve done over the past 2 years. To go from 0 to 518,000 ounces in that time is an exciting milestone for the company.

“This resource incorporates all the drilling we’ve done over the past 2 years. To go from 0 to 518,000 ounces in that time is an exciting milestone for the company”

The maiden resource estimate is significant for 3 main reasons. Firstly, it materially de-risks Side Well by demonstrating that we understand the controls on mineralisation at Mulga Bill such that we can demonstrate continuity on multiple gold-bearing structures to build up a significant resource inventory.

Secondly, it’s a fantastic effort to get 518,000 ounces of gold after 2 years of drilling with such a small team. It’s a significant milestone on our way to the million ounces of gold that we believe the project has the potential to contain.

Lastly, it demonstrates the broader potential of the project. This estimate covers a relatively small area of the project, and we already have extensional targets on both deposits plus more drilling to define the potential at Flagpole and Loaded Dog. Then there’s the regional growth to the resource inventory throughout the year and into 2024 from extensional drilling and new discoveries.

The RC rig will be back onsite imminently to add more ounces as we continue to unlock the potential of this new gold camp just 10 minutes’ drive from Meekatharra. It’s a unique opportunity for a junior gold explorer to have a large unexplored gold system so close to an important historic gold field.”

While the estimation of a maiden mineral resource is an important milestone in quantifying Great Boulder’s exploration over the past 2 years at Side Well, the company says it is also an indicator of the broader potential of the project.

At Mulga Bill, RC drilling concentrated over a strike length of 1,400m currently defines mineralised lenses over 1,150m. Mineralisation remains open to the north, with sparse drilling testing areas beyond the cross-cutting Proterozoic dyke. To the south only a small amount of drilling has been completed at Loaded God and Flagpole.

At Ironbark, the mineralisation spans 585m of strike and is limited to the north by drill coverage. However, to the south of Ironbark multiple gold and pathfinder anomalies remain untested by drilling over 7.5km of strike, with additional prospectivity over several kilometres of strike north of Ironbark.

With so many growth opportunities within Side Well, Great Boulder anticipates material success from ongoing exploration programs. The Side Well MRE was prepared by independent consultant Elizabeth Haren of Haren Consulting using drillhole database and mineralisation and geology interpretations prepared by the company’s geologists.

Great Boulder Resources reports Challenge Drilling will return to site in early February to recommence RC drilling with an initial campaign of 4,000m. ‘High-priority’ holes include extensional targets on the Central, Eastern, and HGV areas at Mulga Bill as well as deeper targets at Ironbark.

Great Boulder Resources is a mineral exploration company with a portfolio of ‘highly’ prospective gold and base metals assets ranging from greenfields through to advanced exploration located in Western Australia. The company’s portfolio includes the Side Well, Whiteheads, and Wellington projects.

Images: Great Boulder Resources Ltd
Written By Harry Mulholland
Hailing from the Central Coast region of NSW, Harry is a passionate journalist with a background in print, radio and ESG news. When not bashing away on his keyboard, he can be found brewing a coffee or playing with his dog.