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Great Boulder Resources shares have more than doubled

Shares in the company closed today priced at $0.25.

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First assays from the Mt Venn prospect are expected in two weeks

Great Boulder Resources (ASX:GBR) shares continue their positive momentum trading up 8% on the day and up 125% over the past three months.

The successful September quarter featured significant exploration results from two Western Australian projects.

At the Mt Venn Copper-Nickel-Cobalt prospect within the Yamarna Project, maiden drilling produced initial assays of up to 1.7% copper plus nickel and cobalt.

Drilling is now following-up these results and the more than 30 conductors identified in the electromagnetic (EM) survey.

Early drilling has intersected sulphide zones up to 40 metres wide and first assays are expected in two weeks.

READ NOW: Great Boulder Resources’ shares surge after drilling wide sulphide zones at Mt Venn

At the Tarmoola Gold Project, surface sampling and mapping undertaken over the eastern tenements returns results grading up to 24 g/t gold.

A 2-kilometre long trend of high-grade gold mineralisation was identified along the Marionette shear zone.

An extensive soil sampling program covering the Ursus and Marionette structures is now underway.

READ NOW: Great Boulder Resources picks up high-grade gold in region of multi-million ounce mines

Quick facts: Great Boulder Resources Ltd

Price: 0.045 AUD

ASX:GBR
Market: ASX
Market Cap: $8.46 m
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