Great Boulder Resources Ltd (ASX:GBR) has made a strong start to the year, completing surface geochemical surveys at the Side Well and Whiteheads projects, as well as field mapping south of Ironbark on the Side Well tenure as part of a busy 2023 exploration campaign.
The company intends to combine field mapping with some 355 auger assays (pending) to greatly improve understanding of the local and regional geology at Side Well, particularly around the Ironbark North prospect.
GBR is also working with an external consultant to produce a maiden mineral resource estimate (MRE) for the Mulga Bill and Ironbark prospects, which will both quantify the quality of the mineralised gold systems and demonstrate the broad potential of the Side Well project’s tenure.
More drilling to begin soon
“Our exploration team has taken full advantage of the break in drilling by completing a comprehensive mapping program at Side Well, concentrating on the area from Ironbark to the southern end of the tenement,” Great Boulder Resources managing director Andrew Paterson said.
“This will be a huge benefit to our understanding of the local stratigraphy, which in turn will assist with exploration targeting.
“We’ve also completed surface sampling programs at the highly prospective Ironbark North prospect at Side Well and the Painkiller prospect at Whiteheads.
“Meanwhile we have an external consultant working on the first mineral resource estimate for Mulga Bill and Ironbark.
“That will be ready soon, and we’ll resume reverse circulation (RC) drilling at Side Well in the first week of February.”
Great Boulder expects the MRE to be ready in February, with plans to resume drilling at Iron Bark and Mulga Bill in a week or so to follow up growth opportunities.
Side Well location plan.