Great Boulder Resources Ltd (ASX:GBR)’s recent auger sampling has confirmed the Side Well Gold Project’s gold potential over 7 kilometres of strike south of the Ironbark discovery.
The company found multiple zones of gold anomalism, which provides additional Ironbark & Paddy’s Flat (~1.5 million ounces of gold produced) lookalike targets for drill testing.
The geochemical results come from recent auger sampling at a previously untested area at Side Well, which is near Meekatharra in Western Australia.
In addition, a 4-kilometre zone of coincident gold-bismuth anomalism centred over interpreted volcaniclastics was identified in the southern half of the auger grid displaying compelling similarities to the Mulga Bill style of mineralisation.
Auger sampling was completed on a 400 by 50-metre grid in residual soils from Ironbark to the southern tenement boundary.
Sampling is set to continue, with additional auger coverage infilling this to a 200 by 50-metre grid in selected areas. Infill sampling is based on the observation that Ironbark is about 400 metres long.
A new gold camp
Great Boulder’s managing director Andrew Paterson said of the latest results, “Our Side Well Gold Project is turning into a new gold camp in a historic field.
"The emerging Ironbark gold discovery was initially identified as a 2-point auger anomaly, and we now have 7 kilometres of strike to the south of Ironbark with multiple gold anomalies of similar tenor or better.
“This is a sensational result which underlines the potential of this area of Side Well.
“The large gold-bismuth anomaly over a wedge of felsic to intermediate volcaniclastics has similar geochemistry to Mulga Bill without the alluvial cover, so this is a completely new target with significant exploration potential.
“This eastern limb of the syncline has previously received little attention from exploration companies. It’s starting to look very similar to the western limb hosting the Paddy’s Flat gold camp.
“We’re planning to start testing these new targets with aircore drilling as soon as possible.”
What’s next
Great Boulder is negotiating a new heritage and access agreement with the Yugunga-Nya Prescribed Body Corporate (YNPBC). Once signed, GBR will start a clearance survey over the new target areas south of Ironbark in order to commence aircore drill testing as soon as possible.
Further to this, reverse circulation (RC) drilling of priority targets at Mulga Bill is ongoing.
Final assay results are expected soon for the Mulga Bill Phase 4 RC program, followed by the first assays from the Ironbark Phase 3 RC program.