Great Boulder Resources Extends Mulga Bill with New High-Grade Gold Vein Discovery
THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) reported on recent exploration activities completed at the company’s Side Well gold project near Meekatharra in Western Australia.
Great Boulder Resources carried out drilling at the northern end of Mulga Bill, from which it has claimed discovery of a new shallow high-grade vein extending approx. 150 metres north of the project’s current JORC Mineral Resource of 7.45 million tonnes at 2.8 grams per tonne gold for 668,000 ounces of gold.
Highlights from the recent campaign include:
24MBRC001
32 metres at 8.38 grams per tonne gold from 104m, including 18m at 13.76g/t gold from 104m;
24MBRC002
16m at 2.12g/t gold from 108m, including 4m at 5.68g/t gold from 108m; and
24SWAC194
26m at 3.31g/t gold from 88m, including 8m at 10.02g/t gold from 88m.
The new vein discovery at Mulga Bill extends into Mulga Bill North, where drilling has now defined gold mineralisation over 1.5km of strike.
“This is an extremely exciting development at Mulga Bill, with the discovery of a thick high-grade vein immediately north of the current Mulga Bill resource,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.
“Our drilling has defined it over 150 metres of strike, with indications that it could extend 350 metres or more.
“It appears to have the same orientation as high-grade veins previously discovered within the resource area and has the potential to be a significant extension to the Mulga Bill deposit.
“This new discovery connects the Mulga Bill and Mulga Bill North prospects.
“Mulga Bill North is 1,500 metres long and still relatively poorly drilled.
“It’s a big gold system and we definitely haven’t defined the full extent of it yet.
“The northern end of Mulga Bill is the shallowest part of the mineral resource, so any additional gold ounces defined in that area have good potential to enhance the economics of the project.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE