Great Boulder Resources Hits High-Grade Intersections at Saltbush Discovery

THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) experienced recent exploration results joy from the company’s Side Well gold project near Meekatharra in Western Australia.

Great Boulder Resources carried out air-core (AC) and reverse circulation (RC) drilling at the Saltbush prospect that defined shallow, high-grade gold mineralisation over a strike length of approx. 300 metres.

Highlights included:

24SWAC184
4 metres at 5.96 grams per tonne gold from 9m, and 6m at 2.37g/t gold from 19m;

24SBRC004
3m at 6.96g/t gold from 91m, including 1m at 16.25g/t gold from 91m;

24SBRC002
12m at 2.16g/t gold from 69m, including 4m at 3.94g/t gold from 75m; and

24SBRC003
3m at 5.25g/t gold from 27m.

“Saltbush is continuing to grow, and after only a small number of holes in two phases of drilling we have defined high-grade gold over 300 metres of strike,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“We have sufficient confidence in this prospect to say it’s the first discovery in all our new targets along the Ironbark Corridor.

“Saltbush appears to be plunging towards the north, a hypothesis supported by the strong surface geochemistry trending towards the northwest.

“Everything we’ve seen so far suggests this zone is an Ironbark analogue, with the mafic host unit within ultramafic country rock and the same geochemistry and alteration.

“In addition to those results, our first-pass AC drilling on broad surface anomalism north of Ironbark has intersected gold grades up to 0.55g/t gold, with anomalous gold results in multiple locations.

“Remember, this is AC drilling within the weathered profile so we’re not expecting ore grades in the first program.

“We are now planning follow-up drilling into all these targets.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE