Great Boulder Resources Hits Thick, Shallow Gold Zones at Side Well South
THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) released a market update on recent drilling activities undertaken at the Side Well South prospect located within the company’s Side Well gold project near Meekatharra in Western Australia.
Great Boulder Resources completed first-pass reconnaissance air-core (AC) drilling that intersected multiple zones of shallow gold mineralisation at Side Well South.
The company described Side Well South as being a “new discovery prospect located on the +18km ‘Ironbark Corridor’.
The prospect sits outside the current global Side Well Mineral Resource Estimate (MRE) that currently stands at 668,000 ounces at 2.8 grams per tonne gold.
Highlights of the recent program include:
25SWAC003
34 metres at 1.25 grams per tonne gold from 17m, including 8m at 3.16g/t gold from 26m; and
25SWAC004
41m at 0.57g/t gold from 57m, including 7m at 1.11 gold from 57m.
The company considers these intersections to be potential extensions to high-grade lodes within the historic Golden Bracelet mine workings further south.
“Results from the first nine AC holes drilled this year at Side Well South have identified a new shallow, high-grade gold lode, 200m north of the historic Golden Bracelet mine and 140m west of the high-grade discovery we announced in January,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.
“This area is extremely prospective, highlighted by the number of historic mine workings and the surface anomalism we’ve identified using auger geochemistry.
“Any new discoveries of shallow gold at Side Well are exciting because they have potential to add resource ounces quickly, giving us more options to optimise a mine development.
“We are still waiting on assays for another 62 holes in this program.
“Follow-up drilling will be scheduled in conjunction with the RC program currently underway at Mulga Bill North.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
