Great Boulder Resources Hits High-Grade Gold in First Saltbush RC Drilling

THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) scored encouraging results from drilling carried out late 2023 at the company’s Side Well gold project near Meekatharra in Western Australia.

Great Boulder Resources carried out surveys over the 14 kilometres Ironbark corridor before commencing a drilling campaign entailing five Reverse Circulation (RC) and five aircore (AC) holes at the Saltbush prospect.

Assays received for the RC drilling have confirmed high-grade gold mineralisation at Saltbush, returning results that included:

23SBRC002
9 metres at 5.2 grams per tonne gold from 15m, including 5m at 7.42g/t gold from 18m; and

23SBRC003
3m at 2.54g/t gold from 36m.

The result in 23SBRC002 is adjacent to an intersection reported by a previous owner, Esso Exploration and Production Australia Inc in 1986.

Great Boulder said the drilling indicates a similar geological setting to the Ironbark deposit (100koz @ 3.3g/t gold) with Saltbush one of many untested prospects along the +14km Ironbark corridor.

“We have been looking forward to drilling the Saltbush prospect for a long time, since we first took rock chip samples there in October 2022 and then found the nearby Esso RC drilling recorded in an old annual report from 1986,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“As a result it’s exciting to get confirmation of high-grade, shallow gold mineralisation in our second hole.

“We now have an AC drilling program underway in the same area, with 5,000m planned before we take a break to compile results and plan the next stage of drill testing.

There are a lot of highly prospective targets along the Ironbark corridor so we’re anticipating a lot of ‘new’ news-flow in the coming months.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE