- Great Boulder Resources (GBR) extends its Ironbark prospect’s strike length by 50 metres within the Side Well gold project in Western Australia
- The strike extension comes from the latest results of a phase one reverse circulation program at the prospect that comprised nine holes for 1254 metres
- Through the program, GBR intersected high-grade gold, with hits including five metres at 17.47 g/t gold from 125 metres
- Great Boulder is continuing reverse circulation drilling at the Mulga Bill prospect, with the current program to wrap up shortly
- Great Boulder Resources shares are up 2.04 per cent to 10 cents at 10:38 am AEDT
Great Boulder Resources (GBR) has extended its Ironbark prospect’s strike length by 50 metres within the Side Well gold project in Western Australia.
The strike extension came from the latest results of a phase one reverse circulation program at the prospect that comprised nine holes for 1254 metres
The program aimed to extend mineralisation down-dip and along-strike to the north, as well as infill previous drilling on several sections.
This marked the company’s first drilling program for the year at Ironbark, with GBR intersecting high-grade hits including 20 metres at 9.41 grams per tonne (g/t) gold from 111 metres, including five metres at 17.47 g/t gold from 125 metres.
Further results included 31 metres at 2.22 g/t gold from 25 metres, including six metres at 8.1 g/t gold from 26 metres, which extended the strike of Ironbark by 50 metres.
Great Boulder Managing Director Andrew Paterson said this small program of drilling had added “a lot of value” to the company.
“This is a great start to the year, with our first RC hole at Ironbark extending the strike north by 50 metres and a number of thick, high-grade intersections adding ounces at depth,” Mr Paterson said.
“The northernmost intersection has defined a wide zone of mineralisation, 31 metres down-hole including a higher-grade portion of six metres averaging 8.1 g/t gold.
“This result is a significant increase to the mineralised envelope, which adds to our expectation that Ironbark has excellent potential for open pit mining.”
Great Boulder is set to continue reverse circulation drilling at Mulga Bill, with the current program expected to wrap up shortly. Results from this are anticipated to arrive in batches over the coming month.
Meanwhile, a program of aircore drilling is now underway to test a range of areas within the six-kilometre Mulga Bill corridor, including the Flagpole and Loaded Dog prospects.
Great Boulder Resources shares were up 2.04 per cent to 10 cents at 10:38 am AEDT.