Great Boulder Resources Ltd (ASX:GBR) has expanded the Side Well Gold Project, securing eight new tenements around the Mulga Bill prospect and Ironbark Gold Trend near Meekatharra in Western Australia.
The new tenements extend Mulga Bill’s strike by 7 kilometres and the Ironbark Trend by an additional 3.8 kilometres, both to the south.
The company now controls more than 35 kilometres of contiguous strike over the Side Well Project, consolidating GBR’s access to any mineralised trends contained within.
Targeting a resource update at year-end
“This is a great acquisition for Great Boulder, giving us another 3.8 kilometres of strike immediately south of our new targets at Side Well South,” Great Boulder managing director Andew Paterson said.
“In addition, we now have the tenement directly along strike from Mulga Bill. This acquisition gives GBR more than 35 kilometres of contiguous tenure over the eastern half of the Meekatharra greenstone belt, with excellent potential to continue making new discoveries as we grow towards our million-ounce gold target.
“GBR’s team has done a great job identifying targets at Side Well South. As soon as we saw the potential there, we were keen to lock down additional tenure along strike from those anomalies.
“We’ll start the first drilling on our biggest target at Side Well South in the next few days as we continue to balance new discovery opportunities with resource definition drilling, working towards the resource update at the end of the year.”
GBR intends to begin aircore drilling on the new targets at Side Well South in the coming week, and expects to receive reverse circulation (RC) results from Mulga Bill shortly, even as the drill rig continues to test extensions of mineralisation there.