Great Boulder Resources Extends Eaglehawk Deposit

THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) confirmed additional gold mineralisation from recent drilling activity at the company’s Side Well gold project near Meekatharra in Western Australia.

Great Boulder Resources conducted AC drilling that has extended the project’s Eaglehawk deposit by a further 200 metres, remaining open to the south, with results including:

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8 metres at 2.19 grams per tonne gold from 60m, including 4m at 4.23g/t gold from 64m.

The company is now planning further RC drilling for Eaglehawk to continue adding definition required for an initial mineral resource estimate.

“It’s really exciting to see immediate progress at Side Well South, hitting a broad intersection of shallow gold in our first RC hole,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“We’ve now confirmed primary gold mineralisation on two of the initial AC discoveries announced earlier in the year, with assays pending from another 16 RC holes.

“Side Well South is shaping up as an important target for future resource growth at the project. Our initial AC program intersected gold in four new areas with geological settings analogous to our Ironbark and Saltbush deposits, which is very promising.

“We also have several large, coherent geochemical targets further south in the Tal Val area that are yet to be drill tested.

“Our AC drilling in the central corridor has extended the Eaglehawk deposit by approximately 200m, and it still remains open to the north.

“We also drilled six AC holes into the Mulga Bill East area – which hasn’t been drilled for two years – and found more gold along that trend, so there will be more follow-up work in both areas.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE