Great Boulder’s Managing Director, Andrew Paterson commented:
“This is a significant development in our understanding of Mulga Bill. The geophysical interpretation
has sharpened our focus on the 3km zone between the two Proterozoic dykes.
So far we’ve only drilled the first 900m of strike in this area with extremely high-grade gold
intersections. Our new model suggests the most prospective area is further south, where we have
gold and bismuth pathfinders in AC drilling but we haven’t yet tested it with any RC drilling.
If we have a tabular subvertical zone over 3km long and 50m wide, open at both ends with strong
copper-gold-silver enrichment and a stacked set of high-grade quartz-pyrite-gold veins, this deposit
has potential for a very significant metal endowment."
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