Great Boulder Resources Extends Blue Poles Mineralisation

THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) reported results from the second phase of aircore (AC) drilling carried out on the Blue Poles discovery, within the company’s Whiteheads project north of Kalgoorlie.

Great Boulder Resources had designed this phase of drilling to define the limits of mineralisation at Blue Poles prior to RC drilling, which is scheduled to be completed this month.

Blue Poles has now been closed off to the north but remains open to the south with total strike length of the prospect now in excess of one kilometre.

Great Boulder claimed a further VMS-style lead-zinc discovery from other drilling conducted 500 metres to the west of Blue Poles to provide additional geological information.

This drilling intersected lead-zinc sulphide minerals, returning assays of:

1 metre at 13 grams per tonne silver, 1.04 per cent lead and 1.01 per cent zinc from 92m; and

2m at 7.35g/t silver, 0.63 per cent lead and 0.8 per cent zinc from 97m to EOH.

The company declared this to be a completely new discovery in an area with no surface geochemical signature, signalling its intent to plan further work in order to assess the nature and scale of base metal mineralisation.

“These new results add further weight to the Blue Poles discovery” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“We are very keen to get some deeper drilling into it with the RC rig shortly.

“The base metal discovery out to the west is completely unexpected, so we’ll also be working on that to see how significant it might be.

“There is no geophysics or historic drilling in the area, so it’s a true greenfields discovery.

“At this stage we are still receiving assays from the programs completed at Side Well in September. We’ll have further updates on the Side Well air-core and auger programs in the coming weeks.”