Great Boulder Resources Ltd (ASX:GBR) has been encouraged by initial results from a pole-dipole 2D induced polarisation (IP) survey over the Mulga Bill prospect within the Side Well Gold Project in Western Australia.
The survey generated a strong chargeable response over the same areas prospective for known gold mineralisation, with sufficient strength and depth to provide priority drill targets for follow-up investigation.
The field team is now in the midst of completing a 3D IP survey along the strike of Mulga Bill, expected to be completed in the next two or three weeks and modelled soon after.
“100,000 metres of drilling budgeted for 2022”
“The four 2D IP lines support our thesis that the mineralised zone should be visible to an IP survey,” Great Boulder Resources managing director Andrew Paterson said.
“The strength and depth of the IP response is extremely encouraging and supports our view that the area we’ve drilled at Mulga Bill is only a small part of the mineralised system.
“The geophysical crew have now started acquiring data over a 3D array, oriented north-south along the strike of Mulga Bill.
“Once this survey is completed, we will have a 3-dimensional model of the chargeable features we can use for targeting further drilling.
“We will also be doing more drilling at the southern end to understand this new high-grade zone. All this information is helping plan exploration for the year ahead.
“With 100,000 metres of drilling budgeted for 2022, we anticipate learning a lot more about Mulga Bill as the year unfolds as we move towards an exploration target and a maiden inferred resource.”
Great Boulder is in the midst of a diamond drilling program at the prospect, intending to collect valuable structural and geological information to more fully understand the Mulga Bill gold system and improve future drill targeting.
Timing and logistics for Phase 6 of the reverse circulation (RC) program at Mulga Bill are also currently being confirmed, due to begin in late March.
About Great Boulder Resources
Great Boulder Resources is a mineral exploration company with a portfolio of highly prospective gold and base metals assets ranging from greenfields through to advanced exploration in Western Australia.
The core focus is advancing the Whiteheads and Side Well gold projects while progressing initial exploration at the earlier stage Wellington Base Metal Project in an emerging Mississippi Valley-type province.
Great Boulder is also conducting a strategic review of the advanced Yamarna Copper-Nickel-Cobalt Project.