Great Boulder Resources Claims New High-Grade Gold Lode Discovery at Mulga Bill
THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) reported identification of a new high-grade gold lode east of the Mulga Bill High-Grade Vein (HGV) at the company’s Side Well gold project near Meekatharra in Western Australia.
Great Boulder Resources made the identification from recent Mulga Bill Phase 3 and Phase 4 RC drilling programs that returned results of:
22MBRC055
6 metres at 25.83 grams per tonne gold from 268m; and
8m at 5.51g/t gold from 110m, including 4m at 8.93g/t gold from 112m;
22MBRC048
3m at 7.03g/t gold from 101m;
22MBRC056
8m at 54.6g/t gold from 120m; and
22MBRC046
6m at 4.59g/t gold from 94m.
“Mulga Bill is continuing to deliver a string of extremely high-grade gold intersections as we continue defining the extent and orientation of these structures,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.
“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 at 25.83g/t gold is a great result with exciting implications for new mineralisation.
“Secondly the 3m at 7.03g/t gold 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.
“Drilling is continuing at Mulga Bill.
“We are also looking forward to seeing the results from Phase 3 RC drilling at Ironbark shortly.”