viewGreat Boulder Resources Ltd

Great Boulder Resources extends mineralisation at copper-nickel-cobalt project

Three parallel zones enhance the metal endowment per vertical metre.

Map of WA
The company has five exploration gold projects in Western Australia’s Eastern Goldfields

Great Boulder Resources Ltd (ASX:GBR) drilling has extended mineralisation and identified a new zone at Mt Venn Copper-Nickel-Cobalt Project in Western Australia.

The central zone extends by a further 150 metres to more than 500 metres while the new zone is parallel and to the east.

It is the third zone in the area as Great Boulder previously identified a parallel zone to the west.

Mineralisation open in all directions

Having three parallel zones enhances the overall metal endowment per vertical metre at Mt Venn, boosting the project’s economic potential.

There is further opportunity to increase value with mineralisation open in all directions.

READ: Great Boulder Resources drills out more sulphide mineralisation at Mt Venn copper-nickel-cobalt project

The company has completed 12 reverse circulation holes for 2,120 metres focused on strike and dip extensions to the central mineralised zone.

It also tested downhole targets along the broader Mt Venn trend.

Core samples have been sent to Perth for analysis with results expected by the third week of January.

The company’s 2017 program has established Mt Venn as a large copper-nickel-cobalt discovery.

2018 exploration plans

Great Boulder plans further drilling in the first quarter of 2018 which will also target the western Mt Venn trend.

Drilling will be undertaken along the entire 4.5 kilometre western magnetic trend.

In the central zone new drilling will focus on up and down dip extensions of known mineralisation and will test strike continuity of the different mineralised zones.

The company will also start a gravity survey over the Mt Venn intrusion early in the new year.

Surface geochemistry and geological mapping will be undertaken in conjunction with the survey to identify intrusions considered more prospective for nickel sulphide mineralisation.

Quick facts: Great Boulder Resources Ltd

Price: 0.045 AUD

Market: ASX
Market Cap: $8.46 m

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