Great Boulder Resources (ASX:GBR) plans to test further targets with aircore (AC) and reverse circulation (RC) drilling in its next program at the Side Well Gold Project in Western Australia.
The company says this next campaign is expected to begin in July 2023.
This news follows recently announced assays for the final 6 RC holes from the company’s phase two drilling program. These holes targeted gold mineralisation at the newly discovered Cervelo target, situated east of Mulga Bill.
Commenting on the completed and upcoming drilling, Great Boulder Resources Managing Director Andrew Paterson says: “While the holes further east didn’t intersect the same tenor of grades as we see in the HGV Zone, they have confirmed a broad mineralised corridor, which was first identified in the AC drilling.
We will continue testing this target with more RC holes in the next program. Now that the diamond program is complete, we’ll finish logging and processing the core, then regroup in Perth for some mid-year training with the team before starting the next drilling programs in July.”
Great Boulder reports some of the recent results include hole 23MBRC038 with 4m @ 5.53g/t Au from 18m; hole 23MBRC034 with 6m @ 4.64g/t Au from 148m, including 4m @ 6.62g/t Au from 148m; and hole 23MBRC035 with 4m @ 3.24g/t Au from 153m, including 1m @ 8.27g/t Au from 153m.
Additionally, commenting on the results, the MD says: “These 6 holes were targeting extensional mineralisation identified in our recent AC program as announced on April 27. We were looking for near-surface extensions of high-grade veins intersected at depth within the Mulga Bill HGV Zone.
“This new zone of mineralisation lies outside the current mineral resource”
This new zone of mineralisation lies outside the current mineral resource. Shallow mineralisation is particularly important in any potential mining scenario, as any near-surface ounces can provide early cashflow while pushing towards the bonanza grades deeper down.”
The company also says 5 holes were completed in a recent round of diamond drilling, with 3 holes completed at Ironbark and 2 completed at Mulga Bill.
Additionally, core cutting and sampling is currently underway, and the results will be provided once available.
Great Boulder Resources is an ASX-listed mineral exploration company with a portfolio of ‘highly prospective’ gold and base metal assets in Western Australia. The company is focused on the Side Well Gold Project at Meekatharra in the Murchison goldfield.
Images: Great Boulder Resources Ltd
