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Additional Information
Market: ASX
Sector: General Mining
Epic: .STB
News: Latest news
Web Site: South Boulder Mines
Other Articles: 05-03-201008-02-201005-02-2010

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Friday March 12, 08:50Baobab Resources resumes drilling at Tete iron-vanadium-titanium project

Shares in the company were lifted by the news it started a 12,000 metres scout drilling campaign at its project in Mozambique, with constant updates expected in the next few months.

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Friday March 12, 07:58Lithium and rare earths markets poised for growth

Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

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Friday March 12, 07:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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South Boulder Mines

South Boulder Mines

South Boulder’s key projects are located within the state of Western Australia as well as in Eritrea focusing on multiple gold, nickel and fertiliser prospects. The company has an interest in the Colluli Potash Project located in the Danakil Depression region of Eritrea (Africa) approximately 200kms south east of the Capital Asmara. South Boulder also has a 100% interest in the Duketon Project in Western Australia. The Duketon Belt is located 120 kilometers north of Laverton in Western Australia and is considered prospective for gold, nickel sulphide and base metal mineralization.

 

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Thursday, November 05, 2009

Extensive gold mineralisation discovered by South Boulder Mines at Terminator

by Proactive Investors company news image

South Boulder Mines (ASX: STB) has followed up a request for a trading halt, with recent aircore drilling at the Terminator Prospect returning high gold grades of up to 22.10 g/t over 2 metres.

In addition, there was a broad zone of gold mineralisation intersected including 64m @ 1.24 g/t from surface.

The market liked the news considerably, as the stock re-commenced trading and was bid higher on the announcement.

Terminator gold prospect is within the Duketon project. The program has confirmed the potential for a significant gold system identified from the initial discovery hole, TBAC111 (37m @ 2.18g/t Au from 1m).

Mineralisation is currently well defined over a 400m strike, and interestingly is open in all directions and occurs within a broader anomalous zone over 3km.

Numerous holes have finished in gold mineralisation: 64m @ 1.24 g/t from surface; including 12m @ 4.13g/t from surface; 28m @ 2.68 g/t from 52m; including 8m @ 7.40g/t from 72m; 6m @ 7.84 g/t from 48m including 2m @ 22.10 g/t from 52m.

Approximately 60% of results from Terminator Program are still outstanding.

Further gold results from Thompsons Bore are to follow.

The Duketon Belt contains highly prospective geological sequences and mineralised structures.  Promisingly, for STB investors, there has been very little systematic drilling within the South Boulder Duketon Gold project to date.

The plus 1.5 million ounce Moolart Well Gold Project is currently being developed by Regis Resources Ltd (ASX: RRL). Once operational this will be only mining operation in the Duketon Belt.

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