Great Boulder Resource Encounters Thick Gold Zones at Blue Poles

THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) received results from RC drilling at the Blue Poles discovery within the company’s Whiteheads gold project in Western Australia.

Assays from the first 15 holes confirmed a continuous zone of mineralisation over 300 metres long, with consistent, broad down-hole intersections of up to 52m.

Results include:

40 metres at 1.18 grams per tonne gold from 40m to EOH, including 20m at 1.51g/t gold;

36m at 1.09g/t gold from 28m, including 8m at 2.2g/t gold; and

40m at 1.11g/t gold from 40m to EOH.

Great Boulder has been encouraged by the results from what is only the second round of RC drilling at Blue Poles demonstrating the zone remains open at depth with several holes ending in mineralisation.

Other intersections to the north remain open along strike and further drilling is being planned to test these areas.

An air-core (AC) drilling program commenced at Whiteheads earlier this week, testing regional targets along the Arsenal Trend including the Gunners prospect immediately north of Blue Poles.

“Blue Poles is growing nicely,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“With each round of drilling we are seeing more consistent thick intersections which is a fantastic result at such an early stage.

“This confirms our view that the Arsenal Trend has significant potential for multiple gold discoveries, and there is room for many more Blue Poles-sized discoveries within the full 20 kilometres strike of the trend.

“Blue Poles is the only the first prospect that we’ve begun testing.”