Great Boulder Resources Defines Mulga Bill Mineralisation
THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) reported receipt of all remaining assays for Phase 5 reverse circulation (RC) and Phase 5 air-core (AC) drilling completed last year on the Mulga Bill area at the company’s Side Well gold project near Meekatharra in Western Australia.
RC Highlights include:
21MBRC076
1 metre at 97.97 grams per tonne gold from 117m;
21MBRC065
25m at 1.85g/t gold from 84m, including 1m at 25.78g/t gold from 108m; and
21MBRC083
12m at 3.23g/t gold from 93m.
AC Highlights include:
21SWAC147
3m at 6.69g/t gold from 45m; and
21SWAC149
8m at 1.79g/t gold from 80m, including 4m at 3g/t gold from 80m.
Great Boulder also received initial results from a recent 148-hole AC drill program completed in early March 2022.
This program included 25 holes exploring further south on the Mulga Bill corridor, and 123 holes testing geochemical anomalies at Jones Well.
Results from the first 19 holes at Jones Well identified anomalous mineralisation on the first target, with results pending for 106 holes in that area and four follow-up holes at the southern end of Mulga Bill.
“The balance of the RC assays at Mulga Bill have provided important information on mineralised orientations in the high-grade zones, and we are starting to see evidence of interacting sub-vertical and flat-dipping structures,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.
“The Side Well project is progressing simultaneously on several fronts, which is fantastic to see. We’re making good progress towards our 100,000 metres drilling target this year which will be a major step towards our goal of reporting a mineral resource estimate on Mulga Bill.”
Diamond drilling is progressing at Mulga Bill, with the program expected to be completed towards the end of March.
RC drilling is expected to recommence as soon as the diamond program is complete.
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