Great Boulder Resources Ltd (ASX:GBR) said its managing director Andrew Paterson has upped his interest in the company with the purchase of 199,362 ordinary shares for $9,768.74.
The company announced earlier this week that it had taken an option on the Side Well Gold Project, a high-grade project near Meekatharra in Western Australia.
The project is adjacent to Westgold Resources Ltd’s (ASX:WGX) Murchison Gold Operations and south of the Andy Well Gold Mine.
This richly endowed area has produced nearly four million ounces of gold, with over 2.7 million ounces remaining in current resources.