Great Boulder Resources Hits High-Grade Mulga Bill Gold
THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) got pretty excited about recent assay results from the last two diamond holes drilled at the Mulga Bill deposit within the company’s Side Well gold project near Meekatharra in Western Australia.
Great Boulder Resources’ excitement stemmed from assays received from final diamond holes drilled in April at Mulga Bill that included:
22MBRC005
5.9 metres at 39.37 grams per tonne gold from 84.3m, including 3.6m at 63.79g/t gold from 85.4m.
The company declared this result to have verified down dip continuity of its original “discovery hole” of:
21MBAC002
3m at 34.54g/t gold from 32m.
Great Boulder was also taking in results from AC drilling at Mulga Bill that returned results supporting the definition of targets for follow up RC drilling and increased drill coverage to confirm the six kilometres strike length at Mulga Bill.
The deposit currently remains open in both directions with expansion possible of the mineralised footprint to the west.
“This sensational result is in a shallower part of Mulga Bill, on the same section as our first high-grade intersection early last year,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.
“The intersection is within the upper part of the weathering profile below the base of gold depletion, so there is likely to be a component of supergene enrichment in the gold grade.
“The significance of this result is that it supports our geological interpretation in that area, which has changed significantly since the first holes were drilled.
“It is also significant that the hole intersected a thicker zone of very high-grade mineralisation compared to the narrower intersections reported in earlier diamond holes.
“RC drilling has been progressing well since the end of June, with holes completed at the southern end of the Mulga Bill trend as well as at Ironbark.
“We are now drilling continuously rather than on a campaign basis, which means we expect a steady flow of results throughout the rest of the year and into 2023.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@greatboulder.com.au
