Great Boulder Resources records ‘high-grade’ gold intersections during phase one drilling at Ironbark

Great Boulder Resources (ASX:GBR) has recorded ‘high-grade’ gold intersections during phase one drilling at the Ironbark prospect, located within the Side Well Gold Project in Western Australia.

The company says the reverse circulation (RC) drilling program at Ironbark comprised 9 holes for 1,254m and is designed to extend the mineralisation down-dip and along strike to the north, as well as infill previous drilling on some sections.

‘High-grade’ results recorded include hole 23IBRC007 with 20m @ 9.41g/t Au from 111m, including 5m @ 17.47g/t Au from 125m; 23IBRC004 with 8m @ 9.89g/t Au from 115m, including 1m @ 72.60g/t Au from 117m; and 23IBRC003 with 14m @ 3.61g/t au from 82m, including 9m @ 5.49g/t Au from 82m.

Hole 23IBRC001 has also extended the strike of Ironbark north by 50m. This hole intersected 31m @ 2.22g/t Au from 25m, including 6m @ 8.10g/t Au from 26m.

While assaying is complete for most of the program, Great Boulder says a small number of results are still being processed for hole 23IBR002.

Great Boulder’s share price was surging by 7.142% to $0.105 on the ASX as of 8.30am AWST.

Commenting on the drill results, Great Boulder Resources Managing Director Andrew Paterson says: “This is a great start to the year, with our first RC hole at Ironbark extending the strike north by 50m and a number of thick, high-grade intersections adding ounces at depth.

The northern-most intersection has defined a wide zone of mineralisation; 31m downhole including a higher-grade portion over 6m averaging 8.10g/t Au. This result is a significant increase to the mineralised envelope which adds to our expectation that Ironbark has excellent potential for open pit mining.

The other intersections in this round of drilling add high-grade ounces at depth. This small program of RC drilling has added a lot of value.

“With these results and the recent stellar assays from Mulga Bill the Great Boulder Resources team is off to a fantastic start to 2023, and I’m looking forward to more assays flowing through in the next few weeks”

With these results and the recent stellar assays from Mulga Bill the Great Boulder Resources team is off to a fantastic start to 2023, and I’m looking forward to more assays flowing through in the next few weeks.”

Great Boulder reports RC drilling is continuing at Mulga Bill with the current campaign expected to be completed shortly. The results of this drilling are expected to arrive in batches over the coming month.

A program of aircore drilling is also underway testing a range of areas within the 6km Mulga Bill corridor including the Flagpole, and Loaded Dog prospects, as well as interpreted structural targets northeast of Mulga Bill.

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 core focus is the Side Well Gold Project at Meekatharra which hosts an inferred resource of 6.192 million tonnes @ 2.6g/t Au for 518,000oz.

Great Boulder also holds the Wellington Base Metal Project located 150km east of Wiluna, and the Whiteheads Project near Kalgoorlie.

Images: Great Boulder Resources Ltd & iStock
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.