Great Boulder Resources Ltd's (ASX:GBR) first assays from the Phase 5 aircore program have extended the overall strike footprint of Mulga Bill, part of the Side Well Gold Project near Meekatharra in Western Australia, to 6 kilometres.
One intersection in particular – 3 metres at 8.56 g/t gold from 147 metres including 1 metre at 23.78 g/t gold at 149 metres to end-of-hole – has the company enthused, because it is 1,000 metres from any previous drilling.
The hole was drilled to 150 metres, at which point the rig ran out of rods, meaning the high-grade mineralisation remains open at depth. The Mulga Bill system also remains open along strike to the south.
A huge year for Great Boulder
Great Boulder managing director Andrew Paterson said: “This is an amazing aircore intersection, which really demonstrates that Mulga Bill is a major project. With a footprint now 6 kilometres long, we’re still drilling further south in our current program.”
“Mulga Bill is a massive mineralised system. This is 5 kilometres from the zone where we first started intersecting ounce-grade gold veins, and the high grades are still there.”
“This is going to be a huge year for Great Boulder as we continue to accelerate our drilling programs.
“The aircore rig is heading to Jones Well at the northern end of Side Well shortly, and the diamond rig is due to arrive next week.”
Assays from a further 33 reverse circulation (RC) holes and 57 aircore holes are expected to be received in the coming weeks.
About Great Boulder Resources
Great Boulder is a WA-based mineral exploration company with a portfolio of gold and base metals assets ranging from greenfields through to advanced exploration.
Its focus is on advancing the Whiteheads and Side Well gold projects while progressing initial exploration at the earlier stage Wellington Base Metal Project, which is situated in an emerging Mississippi-Valley Type (MVT) province.