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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