Great Boulder Resources Ltd (ASX:GBR) has been granted a trading halt by the ASX regarding a proposed capital raising.
The halt will remain in place until the beginning of regular trade on Wednesday, May 19, or when an announcement is released to the market, whichever occurs earliest.
Regional aircore drilling at Side Well Gold Project
The company has kicked off an aircore (AC) drilling program at its Side Well Gold Project in Western Australia testing four highly prospective regional targets.
The 60-hole program will complete around 4,000-5,000 metres of drilling and will include the first holes at Matilda prospect along strike from Doray Minerals’ intersection of 3 metres at 35.5 g/t gold from 76 metres drilled in a reconnaissance AC program completed in 2011.
Other targets to be tested include areas highlighted during the examination of the VTEM conductivity data, as well as two areas of pathfinder anomalism from soil sampling completed east of Mulga Bill during 2020.
Fourth program since March
Great Boulder managing director Andrew Paterson said: “Having completed AC drilling on a number of Whiteheads targets last week we’re now back on the ground at Side Well.”
“This is our fourth drilling program since the end of March.”