Great Boulder Resources Ltd (ASX:GBR) has identified two large gold targets rated as high-priority for further exploration at the Side Well South prospect, part of the Side Well Project in Western Australia.
These targets were identified in soil geochemistry sampling over the prospect and include a 2.4-kilometre-long Ironbark-style target with peak gold values of 75 parts per billion and a 1.4-kilometre-long bismuth-molybdenum anomaly.
The second target is particularly interesting as it demonstrates the same pathfinder elements as the high-grade Mulga Bill prospect at Side Well, with bismuth soil assays returning results up to 475 times greater than background levels.
Drilling to begin ASAP
“We recently completed a program of wide-spaced surface sampling over the Side Well South area, extending coverage to the bottom of the Side Well project,” Great Boulder Resources managing director Andrew Paterson said.
“This data has confirmed mineralisation continues south through our tenements and the known hydrothermal system now covers more than 18 kilometres of strike.
“At Side Well South we’ve identified two new targets collectively spanning 3.8 kilometres of strike.
“This expands the known mineral system with the same pathfinder fingerprints as our earlier discoveries to the north.
“The surface anomalism has been getting stronger as we move south, so we’re excited to find these new targets and keen to drill them as soon as possible.
“A heritage survey is scheduled to start on July 22, and we’ll be drilling as soon as we receive approval.”
In prolific area
Both targets sit near the historical high-grade Golden Bracelet Mine, which produced 1,009 ounces of gold at an average grade of 27 g/t. It also represents the largest known workings within the Side Well Project.
GBR will conduct its heritage survey on a site avoidance basis, clearing 50-metre-wide lines every 200 metres. The company expects the fieldwork to take five days, with up to 8 weeks wait before the final archaeologist’s report.
Great Boulder will begin aircore drilling as soon as regulatory approvals are complete, with another heritage survey to follow up any priority targets found in drilling.