GBR 3.17% 6.1¢ great boulder resources limited

Ann: High-grade intersections expand Saltbush discovery, page-4

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    Summary (from https://newsrush.ai/m_53.html):

    High-grade intersections expand Saltbush discovery

    22 April 2024 8:43 AM | 17 Pages

    Great Boulder Resources announces high-grade gold intersections at Saltbush, expanding discovery with significant drilling results.

    Summary

    • Additional drilling at Saltbush has defined high-grade gold mineralisation over a ~300m strike length.
    • Highlights include multiple intersections with gold grades up to 6.96g/t.
    • Gold appears to be plunging northwest, with more RC drilling planned to test this hypothesis.
    • First-pass AC drilling north of Ironbark intersected gold in multiple locations, requiring follow-up drilling.
    • Drilling at Saltbush and other targets along the +14km Ironbark corridor is set to commence in early May.

    Highlights

    • Strike length of ~300m with high-grade gold at Saltbush.
    • Gold grades up to 6.96g/t from drilling.
    • Total of 2,620m drilled at Saltbush; 5,306m at Ironbark North.
    • Drilling to commence in early May on additional targets.

    Positives

    • Discovery of high-grade gold over significant strike length.
    • Identification of northwest plunging gold mineralisation.
    • Successful intersection of gold in multiple locations north of Ironbark.
    • Planned expansion of drilling to further prospective targets.

    Negatives

    • Some drilled areas immediately north of Ironbark did not encounter significant intersections, leading to no further plans for drilling in those areas.

    Key Dates

    • 22 APRIL 2024: Announcement date.
    • Early May: Target commencement date for next phase of drilling.

    Alerts

    • Contains better than expected results: yes
    • Contains worse than expected results: no
    • Contains expected results: no
    • Sentiment: positive
 
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