In a recent interview with Proactive’s Andrew Scott, Great Boulder Resources Ltd (ASX:GBR) CEO Andrew Paterson shed light on the company’s latest resource definition drilling, delivering more high-grade zones at Mulga Bill, situated within the company’s Side Well Gold Project in Western Australia.
"The five meters at 98.99 grams a ton at depth is really starting to pick up some continuity on these high-grade structures deeper down," said Patterson enthusiastically, as he outlined future exploration plans, including an impending resource update.
Interestingly, the results challenge previous assertions that high grades were limited only to the supergene zone.
Potential targets at Ironbark
In addition to drilling at Mulga Bill, the geology team is wireframing the mineralisation at Ironbark.
Paterson mentioned: "Our timeframe is to deliver all of that information to the resource consultant in the middle of the month, with the goal of having the resource update by the end of October."
Regarding the heritage survey on the Ironbark trend, Paterson confirmed that the 14-kilometre stretch of high-priority exploration targets is opening up.
"We are aiming to be drilling the first of these targets in November," he said.
$GBR Great Boulder Resources fields high-grade drill results at Mulga Bill ahead of updated resource estimate https://t.co/EFPwNSVZvR @GreatBoulder #GBR #ASX #ASXNews— Proactive Australia (@proactive_au) October 2, 2023
News on the horizon
While acknowledging the subdued activity in the gold sector, Paterson urged investors to "hang in there" as he anticipates more good news on the horizon.
Ending on a high note, Paterson highlighted that Great Boulder has made 24 appearances in the Top 10 weekly ASX gold hits in the past two years, likely to increase to 25 with the latest drilling results.
The CEO expressed optimism about the company's prospects, particularly emphasising the Ironbark trend's potential for new discoveries and the forthcoming resource update.