Drills 150g/t Intersection At Side Well Gold Project
Great Boulder Resources (ASX: GBR) has received record assays from initial results from Reverse Circulation (RC) holes drilled at the Mulga Bill prospect within the Side Well Gold Project in Western Australia.
These holes are part of the third phase of RC at Mulga Bill completed between late June and early July.
Highlights from the first six holes include an extremely high-grade intersection of 3m @ 149.89g/t Au within a broader intersection of 14m @ 36.12g/t Au from 91m in hole 21MBRC034, with an additional deeper intersection of 6m @ 24.33g/t Au from 132m in the same hole.
Managing Director, Andrew Paterson, said this is the highest-grade gold intersection returned from the Side Well Project to date.
“These results demonstrate the high-grade potential at Mulga Bill. We’re learning more about the potential of this project with every drill programme,” Mr Paterson said.
“Given its location, size and the results we’ve seen to date I think Mulga Bill has the potential to have a plus million ounce gold endowment.
“These holes were drilled at the start of July, indicating assay results are currently taking eight weeks to report. We have over 4,000 samples in the pipeline which we’ll be reporting as soon as results are available.”
The two high-grade zones in hole 21MBRC034 appear to represent mineralisation in splays off the main north-south shear structure running through the middle of Mulga Bill.
Mr Paterson said this hypothesis is supported by the fact the entire lower half of hole 21MBRC034 displayed alteration and variable mineralisation to the extent that the bottom 65m of the hole averaged 10.92g/t Au (uncut) or 4.35g/t Au using a 30g/t top cut.
Hole 21MBRC034 is 50m north of hole 21MBRC002, which intersected 6m @ 31.2g/t Au from 130m including 1m @ 136g/t Au from 132m. The structural relationship between these very high-grade intersections is not yet fully understood, with further diamond drilling required to test strike, dip and continuity of the bonanza zones.
15 RC holes were completed at Mulga Bill in early July for a total of 2,201m. The programme was designed to add definition to the central Mulga Bill area, south of the dyke.
Four of the holes were designed to be pre-collars for the subsequent diamond drilling program which commenced in late July and was completed by mid-August. Assay results have been received for the first six holes, with nine holes remaining to be assayed and reported.
Results are expected in the coming fortnight, followed by results for 63 AC holes drilled in mid-July. Diamond drilling was completed in the second week of August, with results expected in October due to the additional time required for core processing.
For further information please visit: https://www.greatboulder.com.au/