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Great Boulder Resources assays high-grade gold at Mulga Bill

The high-grade assays from reverse circulation drilling at Mulga Bill prospect correlate well with results from historical drilling in the area.

Great Boulder Resources Ltd - Great Boulder Resources assays high-grade gold at Mulga Bill
Side Well Gold Project covers 131.8 square kilometres in Murchison province of WA’s Mid-West.

Great Boulder Resources Ltd (ASX:GBR) has received new high-grade assays from reverse circulation  (RC) drilling at Mulga Bill prospect within the Side Well Gold Project near Meekatharra in Western Australia’s Mid-West.

Resampling of composite samples from the recent RC drilling shows upgraded results, including:

  • 3 metres at 6.65 g/t gold from 79 metres within 13 metres at 2.37 g/t from 78 metres;
  • 2 metres at 12.94 g/t including 1-metre at 25.11 g/t from 105 metres; and
  • 4 metres at 2.91 g/t from 28 metres.

Assays were taken for each metre within the initial 4-metre composite results reported in October and November and have demonstrated higher-grade areas within each composite intersection.

Correlate with historical drilling

Great Boulder’s managing director Andrew Paterson said: “It’s always nice to see an upgrade from the composite sampling to the detailed 1-metre assays.”

“The results correlate well with nearby historical drilling.

“We’re also seeing some higher grades in places, which is excellent news.”

Next steps

The new assay information is from resampling composite intersections from drilling completed in August.

GBR is completing an auger program over three new prospects at the Whiteheads Gold Project while awaiting assays from the recent RC drilling at Blue Poles.

A gravity survey will be completed in January over the eastern half of Whiteheads looking for hidden intrusive bodies indicative of either Carr Boyd-style ultramafic complexes or gold associated felsic intrusions.

Aircore drilling is scheduled for the Side Well project next month.

Paterson said: “We’ve scheduled another round of aircore drilling at Mulga Bill in late January to add further detail and help us join some of these zones together along strike.”

Shares higher

Shares have been up as much as 20% intra-day to 5.4 cents.

With advanced copper-nickel-cobalt projects including Mt Venn and Winchester, and the Whiteheads and Side Well gold projects plus the backing of a strong technical team, the company is well-positioned for future success.

Quick facts: Great Boulder Resources Ltd

Price: 0.036 AUD

ASX:GBR
Market: ASX
Market Cap: $8.46 m
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