Great Boulder Resources Drills High-Grade Intersections to Extend Ironbark

THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) has completed its first RC drill run for 2023 on the Ironbark prospect, within the company’s Side Well gold project near Meekatharra in Western Australia.

Great Boulder Resources’ Phase 1 RC program at Ironbark comprised nine holes designed to extend mineralisation down dip and along strike to the north, as well as infilling previous drilling on some sections.

The company explained that while assaying is complete for most of the program a small number of results are still being processed for hole 23IBRC002.

Assays that have been received showed high-grade gold intersected with results including:

23IBRC007
20 metres at 9.41 grams per tonne gold from 111m, including 5m at 17.47g/t gold from 125m;

23IBRC004
8m at 9.89g/t gold from 115m, including 1m at 72.6g/t gold from 117m;

23IBRC003
14m at 3.61g/t gold from 82m, including 9m at 5.49g/t gold from 82m; and

23IBRC001
31m at 2.22g/t gold from 25m, including 6m at 8.1g/t gold from 26m.

RC hole 23IBRC001 extended the strike of Ironbark north by 50m.

“This is a great start to the year, with our first RC hole at Ironbark extending the strike north by 50 metres and a number of thick, high-grade intersections adding ounces at depth,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“The northern-most intersection has defined a wide zone of mineralisation; 31 metres down-hole, including a higher-grade portion of six metres averaging 8.1 grams per tonne gold.

“This result is a significant increase to the mineralised envelope which adds to our expectation that Ironbark has excellent potential for open pit mining.

“The other intersections in this round of drilling add high-grade ounces at depth.

“This small program of RC drilling has added a lot of value.”