Great Boulder hits high-grade gold at Mulga Bill North
Melbourne, Victoria
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August 08, 2023 01:45 PM Eastern Daylight Time
Great Boulder Resources Ltd (ASX:GBR) MD Andrew Paterson tells Proactive the company has uncovered even more high-grade gold during aircore drilling at Mulga Bill North prospect within the Side Well Gold Project in Western Australia. The phase two aircore campaign focused on a 1.5-kilometre by 700-metre mineralised trend, which remains open, and hit gold in multiple holes.
Meanwhile, the acquisition announced yesterday of several key tenements immediately south of Side Well increases GBR’s project area by 22 square kilometres with more than 5 kilometres of additional strike on the Ironbark corridor.
Paterson said “We use aircore drilling as a first pass to look for anomalism and pathfinder elements, so finding some of the highest aircore grades seen at Side Well to date indicates there is a lot more untested potential in this area.
“Mulga Bill North is still relatively underexplored. With our drilling and previous work completed by Doray demonstrating that we have mineralisation over 1.5 kilometres of strike and 700 metres east-west.
“It’s a big area and we expect ongoing drilling to define more Mulga Bill-style high-grade zones which we believe have the potential to add substantial ounces to the resource inventory.”
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Jonathan Jackson
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