Sign up Australia
Proactive Investors - Run By Investors For Investors

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.

View full GBR profile View Profile

Great Boulder Resources Ltd Timeline

Related Articles

map of project area
March 26 2018
The prospect of an IOCG deposit, similar to Olympic Dam, has ignited interest in the stock.
July 19 2018
A new joint venture is also being set up on a 70/30 MOD/Metal Tiger basis to continue exploration
June 16 2018
The company aims to begin drilling in summer 2018.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use