Great Boulder Resources (ASX:GBR) has this week found additional gold mineralisation at its Side Well project near Meekatharra in Western Australia.
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Reverse circulation drilling under the already identified gold at Side Well South has now picked up intercepts such as 14 metres at 1.64 grams per tonne from 83 metres, including four metres at 3.59g/t from 86 metres.
Another hole picked up 19 metres at 0.84g/t from 28 metres, including five metres at 2.01g/t from 36 metres, and four metres at 1.77g/t from 53 metres.
While GBR awaits further assays from 16 holes of this program, it’s also now completing Phase 2 AC drilling work at Side Well South.
“It’s really exciting to see immediate progress… hitting a broad intersection of shallow gold in our first RC hole,” managing director Andrew Paterson said, adding that these results had proven the value of Side Well South.
Mr Paterson continued: “Side Well South is shaping up as an important target for future resource growth at the project. Our initial AC program intersected gold in four new areas with geological settings analogous to our Ironbark and Saltbush deposits, which is very promising.”
“We’ve now confirmed primary gold mineralisation on two initial AC discoveries announced earlier in the year, with assays pending from another 16 RC holes.”
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At another part of the Great Boulder project – the Eaglehawk deposit – AC work has pulled up significant results which extend the mineralisation there by 200 metres, showing it to be open to the south.
Assays here include eight metres at 2.19g/t from 60 metres, including four metres at 4.23g/t Au from 64 metres in one hole.
GBR is trading at 6.2 cents heading into Friday’s market open.
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