- Great Boulder Resources (GBR) reports high-grade gold in diamond drilling at its Side Well project in Western Australia
- Drilling highlights included 7.02 metres at 10.50g/t gold from a depth of 122 metres
- The diamond drilling efforts comprised three holes at Ironbark and two at Mulga Bill, totalling just more than 1157 metres
- Further drilling is planned for a resource update in the fourth quarter of this year
- Great Boulder Resources is up 1.3 per cent, trading at 7.8 cents at 3:35 pm AEST
Great Boulder Resources (GBR) has reported high-grade gold in diamond drilling at its Side Well project in Western Australia.
Drilling highlights included 7.02 metres at 10.50 grams per tonne (g/t) gold from a depth of 122 metres, including a notable 0.45 metres at 102.5g/t gold from 122.8 metres in one hole at Ironbark.
Another hole at Ironbark returned 19.25 metres at 5.22 g/t gold from 121 metres, with further high-grade intervals of 2.2 metres at 10.64 g/t gold from 126 metres and 2.25 metres at 19.69g/t gold from 138 metres.
The diamond drilling efforts comprised three holes at Ironbark and two at Mulga Bill, totalling just more than 1157 metres.
The primary goal of these holes was to obtain structural information that would enable the geologists at GBR to accurately correlate and verify the orientations of mineralised structures and vein sets.
The company awaits assays from aircore drilling at Ironbark and Mulga Bill North. They are expected back in August.
“The structural orientations and new assay data will feed back into our resource model at both deposits,” GBR Managing Director Andrew Paterson said.
“We are hoping to have a resource update completed during the fourth quarter of this year.”
Great Boulder Resources was up 1.3 per cent, trading at 7.8 cents at 3:35 pm AEST.