Great Boulder Resources increases landholding in prospective nickel-copper-cobalt territory
The company has secured an option from Gold Road Resources covering the Mt Carlon project south of Mt Venn.
Company
ASX:GBR
Great Boulder Resources Ltd is a mineral exploration company with high-quality gold and base metal projects in Western Australia. The company’s key focus is exploration and development of the high-grade Side Well Gold Project near the historic gold camp of Meekatharra in the Murchison region.
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The company has secured an option from Gold Road Resources covering the Mt Carlon project south of Mt Venn.
Down-hole electromagnetics is being used to identify the massive sulphide sources.
The drop-off in discoveries of more than 500,000 tonnes was experienced despite a 114.5% increase in exploration expenditure between the two periods.
Shares in the company have opened up 41% to 55 cents per share.
A maiden drill program is planned to begin later this month at the adjacent Eastern Mafic complex.
Drilling is expected to commence on Mt Venn in the first week of July.
The new conductors are evidence of the exploration potential of the Eastern Mafic area.
The company has received firm commitments to raise funds in an oversubscribed placement at 27 cents per share.
The company's flagship assets is its Mt Venn copper-nickel-cobalt project.
Ground survey work has confirmed the presence of numerous large bedrock conductors at Eastern Mafic complex.
The project is 30 kilometres west of the Gruyere gold deposit in the Eastern Goldfields district of Western Australia.
Evidence is building for a nickel-copper-cobalt massive sulphide system at the Eastern Mafic complex.
Assay results from drilling are expected in early April to late May.
The multi-pronged campaign includes three forms of drilling and an airborne survey.
The company will receive cash and shares upfront plus potential milestone payments.
The gravity survey has revealed a target that shows the Mt Venn project's potential.
Revised modelling has identified several new gold targets within Jundee South.
Metallurgical test work commencing to assess Mt Venn’s economic potential.
Infill drilling and metallurgical test work will begin at Mt Venn in the next two weeks.
Three parallel zones enhance the metal endowment per vertical metre.
Drilling results at Mt Venn point to a promising copper-nickel-cobalt discovery.
Mineralisation remains open in all directions with many targets yet to be drilled.
The mineralisation remains open in all directions with several targets yet to be drilled.
Mineralisation at Mt Venn is copper-dominant with discrete nickel-cobalt-rich zones.
Shares in the company closed today priced at $0.25.
Find out more from De Grey Mining at Proactive's CEO Sessions.
The drilling program has been extended from 18 holes to 23 holes.
The drill rig has arrived on site and collared the first hole.
Aircore drilling and EM survey data has produced promising results.
Great Boulder is set to increase exploration news flow with several programs underway.
Stefan Murphy discussed the highly anticipated Mt Venn next steps at Proactive's CEO Sessions.
Stefan Murphy, managing director, will resent this week at Proactive's CEO Sessions.
Find out more from Todd Zani at Proactive's CEO Sessions.
Find out more from Stefan Murphy at Proactive's CEO Sessions.
Great Boulder’s Yamarna Project hosts the Mt Venn igneous complex.
Electromagnetic surveys and aircore programs are planned next.
The large conductors to be drilled could host a large mineral system.
Great Boulder Resources makes key appointment for Mt Venn.
Exploration news continues from the Tarmoola and Jundee South projects.
Great Boulder last traded 27% higher in morning trade at $0.19 per share.
The halt will remain in place until Wednesday 29th March 2017.
Proactive's CEO Spotlight Sessions are back again giving investors the opportunity to hear the latest news flow from directors, and what to expect next.
Drill results are expected to be received by mid-late March.
Stefan Murphy discussed with investors gold assets and drilling programs.
The Tarmoola project is showing similarities to nearby gold mines.
Meet with Matthew Gill, managing director, White Rock Minerals.
Meet with Brad Lingo, CEO, Elk Petroleum at Proactive's Spotlight CEO Sessions.
Meet with Maki Petkovski, chief executive officer, Petsec Middle Eastern Ltd.
Proactive's CEO Spotlight Sessions are back for 2017 giving investors the opportunity to hear the latest news flow from directors, and what to expect next.
Great Boulder has extended near surface gold mineralisation at Balagundi.
Meet with Adrian Cook, managing director and CEO, Carnarvon Petroleum.
Meet with David Busch, managing director, Argent Minerals.
Meet with Stefan Murphy, managing director, Great Boulder Resources.