Great Boulder Resources secures option over nickel sulphide project
The company has secured access to a nickel sulphide project with very little capital outlay, an EM survey is planned.
Company
ASX:GBR
Great Boulder Resources Ltd is a mineral exploration company with high-quality gold and base metal projects in Western Australia. The company’s key focus is exploration and development of the high-grade Side Well Gold Project near the historic gold camp of Meekatharra in the Murchison region.
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The company has secured access to a nickel sulphide project with very little capital outlay, an EM survey is planned.
The company has a portfolio of high-quality gold and nickel projects in the Archean Yilgarn Craton in Western Australia.
The new gold target, which is part of the Arsenal trend is one of many developing gold prospects at the Whiteheads Project.
Multiple drill programs are scheduled to commence during the current March quarter.
Great Boulder managing director Andrew Paterson will present at Proactive’s CEO Sessions in Sydney on February 3 and Melbourne on February 4.
The anomaly above two EM conductors was identified in a 140-hole auger program near an historical RC hole.
The results are highly encouraging since they confirm the presence of shallow high-grade gold in several areas along the Whiteheads corridor.
Reverse circulation drilling is underway on advanced prospects at Seven Leaders, Lady Betty and Whiteheads Find.
Drilling will commence at the Whiteheads Gold Project next week.
Great Boulder is exploring the Mt Carlton Project which it acquired from Gold Road Resources in August.
With advanced projects including Mt Venn and Winchester copper-nickel-cobalt projects and Whiteheads Gold Project, the company is well-positioned.
The targets are at the Mt Carlton Project, which GBR acquired from Gold Road Resources in August.
The program of work (PoW) approvals has been lodged for priority targets at the Whiteheads Gold Project.
The company is finalising details for the issue of 17.5 million shares to raise $700,000 under a placement announced on August 30.
Multiple large-scale gold anomalies and previous drill intersections at the project includes 8 metres at 7.19 g/t gold from 74 metres.
Details of the company’s acquisition are expected by start of trade on Monday.
Further drilling will be carried out this quarter in a bid to find the origin of the sulphide mineralisation.
A new exploration tenement located south along strike from the Winchester prospect was recently granted for an initial five-year term.
The latest aircore drilling program has extended known nickel, copper and PGE anomalism to more than 2.5 kilometres.
It has assets in WA’s Yamarna-Mt Venn region near future Gold Fields' mine Gruyere.