Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Great Boulder Resources Ltd (ASX:GBR).
The company has received high-grade gold intersections from resource definition drilling at the Saltbush prospect within its Side Well Gold Project in Western Australia, which holds a mineral resource estimate of 668,000 ounces at 2.8 g/t gold.
Recent drilling at Saltbush returned notable results, including 8 metres at 7.59 g/t from 12 metres with 5 metres at 10.14 g/t within that intersection. The drilling also confirmed that the mineralisation extends to the north and remains open in this direction, suggesting significant potential for an extension to the strike length of the deposit. Managing director Andrew Paterson expressed satisfaction with the results, emphasising the prospect's potential for further development.
At the Side Well South prospect, initial aircore drilling identified gold mineralisation along strike from historical workings at the Golden Bracelet mine. Aircore drilling has resumed in the area and further results are expected.
Great Boulder is advancing other initiatives, including RC drilling at Mulga Bill North and Mulga Bill, aircore drilling at Side Well South and auger sampling over the Wanbanna joint venture tenements. Metallurgical testing on samples from Mulga Bill is ongoing, with results anticipated early next year. The company has deferred a planned resource update to incorporate results from these additional drilling campaigns.