Great Boulder Resources Confirms High-Grade Gold North of Mulga Bill
THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) reported encouraging gold encounters from recent drilling at the company’s Side Well gold project near Meekatharra in Western Australia.
Great Boulder Resources completed 14 RC holes testing targets up to 300 metres north of Mulga Bill in a program designed to confirm the continuity of high-grade mineralisation extending north of the current resource area into Mulga Bill North.
The drilling has stretched the mineralised footprint at Mulga Bill, which hosts a current Mineral Resource Estimate of 568,000 ounces gold at 2.7 grams per tonne gold to over 2.3 kilometres.
Highlights from the latest drilling include:
24MBRC018
8 metres at 10.84 grams per tonne gold from 135m, including 3m at 27.94g/t gold from 138m, and
5m at 1.98g/t gold from 117m;
24MBRC012
6m at 7.62g/t gold from 136m; and
24MBRCD013
8m at 2.02g/t gold from 72m, including 4m at 3.86g/t gold from 72m.
“RC drilling immediately north of Muga Bill has confirmed high-grade mineralisation extending 250 metres north of the current resource envelopes,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.
“This program comes on the back of high-grade hits announced in this area earlier in the year, including 16m at 13.83g/t gold in hole 24MBRC001.
“The new results support our expectation that we will be able to extend and increase the Mulga Bill JORC resource estimate later this year.
“The combined footprint of Mulga Bill and Mulga Bill North extends over 2.3 kilometres of strike, and we’ve really only scratched the surface of the northern half of that zone with relatively shallow drilling.
“The RC rig has now moved onto resource definition targets at Mulga Bill.
“This program is designed to infill and extend areas of the inferred resource to upgrade those ounces to JORC indicated category.
“We will then return to greenfields targets, with a first-pass AC program at Side Well South in late September.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE