Great Boulder Resources Ltd (ASX:GBR) has been granted a trading halt by the ASX ahead of the release of further drilling results from its Side Well Gold Project in Western Australia.
The company’s securities will remain halted until the start of normal trading on Thursday, May 6, 2021, or until an announcement is released to the market.
Results highlight large-scale discovery
Shares have been up to 103% higher to 9.3 cents on volume of almost 367 million before the halt as assays from the Blue Poles discovery within the Whiteheads Gold Project in WA confirmed a large-scale discovery.
Best results from reverse circulation (RC) drilling that confirmed the dip and strike of the deposit include:
- 40 metres at 1.15 g/t gold from 44 metres including 24 metres at 1.54 g/t;
- 40 metres at 1.03 g/t from 40 metres including 16 metres at 1.40 g/t; and
- 15 metres at 1.02 g/t from 65 metre
Great Boulder’s managing director Andrew Paterson said: “Blue Poles keeps getting better. The continuity and consistency of these drilling intersections are amazing.”
Zones of primary gold mineralisation have now been confirmed over 450 metres of the strike at Blue Poles.