Great Boulder Resources Ltd (ASX:GBR) has unveiled “sensational” findings from its reverse circulation (RC) drill program at Mulga Bill, within the Side Well Gold Project near Meekatharra in Western Australia, a project strategically located close to existing mines and infrastructure.
The high-grade intersections, featuring assays up to 248 grams per tonne (g/t) of gold, are set to be incorporated in the forthcoming updated mineral resource estimate (MRE), slated for completion by the end of October.
Strong intersections
Prominent among the RC drilling results are intersections like 5 metres at 98.89g/t gold from 249 metres.
The results stem from a comprehensive drilling campaign comprising 2,098 metres during phase four, along with an additional 2,316 metres in phase five.
These new findings not only supplement the previous high-grade discoveries but also improve the definition of shallower mineralisation within the regolith.
Simultaneously, the completion of the first in a series of two Aboriginal heritage surveys at Ironbark South has opened the door for highly prospective new drilling targets, with initial drilling scheduled for November.
A subsequent heritage survey is planned for mid-October.
Future milestones
The geological team at Great Boulder is currently occupied with the task of updating the mineralisation wireframes for both Mulga Bill and Ironbark, with the aim of submitting the revised data to an independent resource estimation consultant by October 16.
Assessments of new data from Mulga Bill North are also in the pipeline for a potential later inclusion in the resource estimates.
Great Boulder managing director Andrew Paterson said: “Recent RC drilling at Mulga Bill has intersected more sensational gold grades, with assays as high as 248g/t gold.
“There are also broad intersections showing good grade closer to surface, which are important in a potential mining scenario.
“As we finalise preparation for the pending Side Well resource update all of this data will inform the new model.
“I’m also very pleased to report that the first of two Aboriginal heritage surveys was completed on schedule at Ironbark South. The second is scheduled for mid to late October, after which we’ll be able to start testing new targets that have never been drilled before. This is an exciting and important step forward in our exploration program at Side Well.”