Great Boulder Resources Ltd (ASX:GBR) has hit a new high-grade lode with results of up to 6 metres at 25.83 g/t gold from extension drilling at Mulga Bill deposit of the Side Well Gold Project near Meekatharra in Western Australia.
The new discovery was identified east of the Mulga Bill High-Grade Vein (HGV) area during phase 3 and phase 4 reverse circulation (RC) drilling at Mulga Bill.
Results of particular interest
Great Boulder managing director Andrew Paterson said: “Mulga Bill is continuing to deliver a string of extremely high-grade gold intersections as we continue defining the extent and orientation of these structures.
“There are two results of particular interest in this batch of results. Firstly, the identification of a new high-grade lode where we drilled a deep intersection of 6 metres at 25.83 g/t gold is a great result with exciting implications for new mineralisation.”
“Secondly, the 3 metres at 7.03 g/t gold in hole 22MBRC048 sits in the gap between the HGV and Main zones at Mulga Bill, so we are hoping to define a new zone in that area to improve continuity of mineralisation between the two high-grade areas.”
“Drilling is continuing at Mulga Bill. We are also looking forward to seeing the results from Phase 3 RC drilling at Ironbark shortly.”
Plan view of recent intersections in the area.
Some of the significant intersections from the Mulga Bill RC drilling include:
- 8 metres at 5.51 g/t gold from 110 metres and 6 metres at 25.83 g/t from 268 metres in hole 22MBRC055. The deeper intersection is interpreted to represent a new high-grade lode in fresh rock about 90-100 metres east of previous high-grade intersections;
- 8 metres at 54.60 g/t from 120 metres in 22MBRC056;
- 6 metres at 4.59 g/t from 94 metres, including 2 metres at 10.25 g/t from 94 metres and 5 metres at 5.83 g/t from 113 metres in hole 22MBRC046;
- 3 metres at 7.03 g/t from 101 metres in 22MBRC048;
- 1-metre at 29.40 g/t from 103 metres and 1-metre at 21.10 g/t from 124 metres in 22MBRC052; and
- 1-metre at 21.10 g/t from 156 metres in 22MBRC059 at Mulga Bill North.
More results soon
Aircore drilling has been completed at a number of target areas between Mulga Bill and Ironbark, with results expected in the next four to six weeks.
Meanwhile, RC drilling is ongoing, with further work planned at Flagpole in addition to ongoing Mulga Bill drilling.
As well, results from the third phase of RC drilling at Ironbark are expected in the next one to two weeks.
About the explorer
Great Boulder is a mineral exploration company with a portfolio of highly prospective gold and base metals assets ranging from greenfields through to advanced exploration located in Western Australia.
The company’s core focus is advancing the Whiteheads and Side Well gold projects while progressing initial exploration at the earlier stage Wellington Base Metal Project in an emerging Mississippi Valley-type (MVT) province.