Great Boulder Resources Scores 150g/t Gold Hit at Mulga Bill

THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) announced a substantial gold hit from recent Reverse Circulation (RC) drilling at the Mulga Bill prospect within the company’s Side Well gold project in Western Australia.

Great Boulder Resources conducted the drilling as part of a third phase of RC it completed at Mulga Bill completed between late June and early July.

First assays to be received from the Phase 3 RC drilling at Mulga Bill have returned the highest grades the company has recorded to date at the Side Well project.

Highlights include:

14m at 36.12 grams per tonne gold from 91m, including 3m at 149.89g/t gold from 91m;

6m at 24.33g/t gold from 132m, including 4m at 34.86g/t gold from 134m; and

2m at 9.61g/t gold from 100m.

“These results demonstrate the high-grade potential at Mulga Bill,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“We’re learning more about the potential of this project with every drill program.

“Given its location, size and the results we’ve seen to date I think Mulga Bill has the potential to have a plus million ounce gold endowment.

“These holes were drilled at the start of July, indicating assay results are currently taking eight weeks to report.

“We have over 4,000 samples in the pipeline which we’ll be reporting as soon as results are available.”