viewGreat Boulder Resources Ltd

Great Boulder Resources plans first drilling at new Whiteheads Gold Project

The program of work (PoW) approvals has been lodged for priority targets at the Whiteheads Gold Project.

Great Boulder Resources Ltd - Great Boulder Resources begins first round drilling at the Winchester Gold Project
Remains of a stamper battery at the Whiteheads project

Great Boulder Resources Ltd (ASX:GBR) is planning its first round of reverse circulation (RC) drilling on priority targets at the recently acquired Whiteheads Gold Project north of Kalgoorlie in Western Australia.

The company has lodged Program of Work (PoW) applications for Whiteheads and the company intends to begin drilling in the second half of October with an initial 2,000-metre reverse circulation (RC) program.

GBR recently signed an option agreement with Zebina Minerals to acquire a 75% stake in the project.

Preparations are also underway for the next drilling round at Tarmoola Gold Project near Leonora while planning continues for further work at Winchester Nickel-Copper Project as well as Mt Carlon, both in the eastern Goldfields.

Two prospects targeted

Whiteheads drilling is set to target mineralisation at Seven Leaders and Lady Betty prospects, both of which host high-grade gold intersected in previous drilling.

A recent field visit to Whiteheads highlighted the prospectivity of the project, particularly along the mineralised corridor between Seven Leaders and Anomaly H where substantial historical workings remain relatively untested by drilling.

Whiteheads prospect locations

Managing director Andrew Paterson said the company was looking forward to drilling the Whiteheads project.

“We should have the Program of Work approvals in the next few weeks, with an RC rig turning as soon as possible.

“It will be great to see the first samples coming out of Seven Leaders and Lady Betty – we’re also busy following up leads on other prospects and planning a regional aircore program to follow the RC work.”

Tarmoola holes pegged

At Tarmoola holes have been pegged at the Sturt Meadows prospect in preparation for follow-up drilling, which is expected to follow the Whiteheads program.

The company intends to test beneath an intersection of nickel sulphide found in a deep palaeochannel earlier in the year.

Holes are also planned to test an EM anomaly which coincides with a basal contact between ultramafics and basalt, a highly prospective setting for nickel sulphide accumulation.

Other work plans

Data from a recent airborne EM survey over Mt Carlon is still being processed to refine and model potential conductive anomalies.

Once this is complete the resulting targets will be ranked and further work planned accordingly.

At Winchester, ongoing drilling is being planned to test extensions to sulphide copper-nickel mineralisation.

Update on rights issue

The company is also undertaking a rights issue of one new share for every three shares held by eligible shareholders at a price of 4 cents per new share.

The offer opened on September 18 and will close at 5pm WST on September 27.

All eligible shareholders who wish to participate should expect the prospectus, entitlement and acceptance forms in the mail this week.

Quick facts: Great Boulder Resources Ltd

Price: 0.028 AUD

Market: ASX
Market Cap: $3.74 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Great Boulder Resources Ltd named herein, including the promotion by the Company of Great Boulder Resources Ltd in any Content on the Site, the...



Full interview: Great Boulder Resources three rights - location, commodities...

Great Boulder Resources Ltd (ASX:GBR) managing director Andrew Paterson talks with Proactive about its assets in the Eastern Goldfields of Western Australia and why the company should be watched during 2020. He says GBR is in the right locations near Kalgoorlie and in the Yamarna Belt, has...

on 10/2/20

3 min read