Recent aircore drilling by Great Boulder Resources Ltd (ASX:GBR) at the Whiteheads Gold Project near Kalgoorlie in Western Australia, a project it plans to divest, has turned up gold mineralisation in two new prospect areas.
“As we announced in late November Whiteheads will shortly be sold to Great Western Gold Pty Ltd (GWG),” Great Boulder managing director Andrew Paterson said.
Two new gold prospects
“While the transaction is underway we completed a short aircore drilling program to keep the tenements in good standing and in doing so we’ve confirmed two new gold prospects in the Reception Hill area for GWG to follow up.
“Reception Hill is an area with very strong coherent gold anomalism in the soil geochemistry, but we’ve done very little work there while we concentrated initially on the nearby Blue Poles discovery, and more recently at the Side Well Gold Project.
“We will provide further updates on Whiteheads when the sale process completes. In the meantime, we’re looking forward to ongoing news flow from exploration at Side Well.”
The company drilled 67 aircore holes for 2,412 metres to test prospects at Reception Hill, Lindsays and Wishbone. All holes were drilled at 60° dip towards grid East.
Highlights
The standout intersections from this drilling are:
- 4 metres at 4.51/t gold from surface in drill hole 24WHAC010;
- 2 metres at 1.86 g/t from 28 metres to end of hole in 24WHAC003; and
- 4 metres at 0.94 g/t from 32 metres in 24WHAC007.
The Whiteheads sale process is on track for completion in the first half of this calendar yea, and Great Boulder will keep its focus trained on the flagship Side Well Gold Project.
The company expects strong news flow to continue through 2025.
Next steps
GBR plans to assay anomalous 4-metre sample composites as 1-metre samples.
The company says further work will depend on timing of the sale of Whiteheads to GWG.