Great Boulder Resources Scores Gold Hits in Mulga Bill North AC Drilling
THE DRILL SERGANT: Great Boulder Resources (ASX: GBR) reported results from aircore (AC) drilling undertaken at the company’s Side Well gold project near Meekatharra in Western Australia.
Great Boulder Resources completed the AC drilling at the Mulga Bill North target that has added definition to gold mineralisation approximately 500m north of the Mulga Bill resource envelope.
The company explained the program is part of an ongoing process it is carrying out to identify and define additional gold mineralisation to expand the existing 568,000 ounces gold Mulga Bill Mineral Resource.
Highlights include:
24SWAC214
12m at 2.61 grams per tonne gold from 88m, including 4m at 4.27g/t gold from 93m;
24SWAC216
4m at 5.03g/t gold from 84m and 3m at 2.31g/t gold from 112m;
24SWAC211
3m at 2.68g/t gold from 114m; and
24SWAC220
9m at 1.95g/t gold from 100m.
“We use AC drilling to identify pathfinder elements and gold anomalism, so intersecting high-grade mineralisation is always a great result,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.
“These results sit between 500m and 800m north of the Mulga Bill mineral resource.
“There is very little effective drilling between this area and the high-grade drill results we announced last month from drilling further south, which highlights the scale and potential of the Mulga Bill North area.
“We’re starting to see west-dipping high-grade veins, including the result in 24SWAC214…and we will be looking to extend these with further drilling.
“Another outcome from this program is the identification of a dacitic unit on the eastern margin of the drilling.
“This is significant because dacitic volcaniclastics host the high-grade mineralisation at Mulga Bill, suggesting we should extend our drilling further east.
“Meanwhile we have assays pending on 45 AC holes from Polelle, which is the first drilling we’ve completed there, and we’ll be drilling again soon at Saltbush and Mulga Bill North.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE