Great Boulder Resources (ASX: GBR) has completed a number of tasks as it accelerates exploration activity at the Side Well Gold Project near Meekatharra and the Whiteheads Project near Kalgoorlie in Western Australia.
“Our exploration team has taken full advantage of the break in drilling by completing a comprehensive mapping programme at Side Well, concentrating on the area from Ironbark to the southern end of the tenement,” 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 RC drilling at Side Well in the first week of February.”
Side Well Gold Project
During November and December GBR’s geologists completed a large-scale mapping exercise over the south-eastern area of Side Well with the aim of improving the company’s understanding of the stratigraphic and structural framework of that part of the Polelle Syncline. While mapping was underway the team also sampled any available bottom-of-hole chips from historic drilling within the mapping area in order to collate surface observations with lithogeochemical data.
Once all assays are received and collated the combined mapping project will provide a greatly improved understanding of the local and regional geology, age relationships and possible thrust structures, all of which will assist with ongoing exploration targeting in the area.
A programme of 355 auger samples has been completed in the Ironbark North area. This program infills previous GBR auger sampling from 400m by 50m spacing to 200m by 50m to provide improved definition of geochemical anomalies int the area.
Next Steps
A maiden Mineral Resource Estimate (MRE) is being prepared by an external consultant using all drilling and geological information collected from Mulga Bill and Ironbark. The purpose of the resource is two-fold, and it will:
1. Quantify the high-grade gold mineralization defined by Great Boulder’s drilling over the past two years at Side Well; and
2. Demonstrate the broader potential of the project.
The MRE is expected to be ready within the next four weeks, with resource estimation workstreams now well advanced.
Challenge Drilling will return to site to recommence RC drilling at Ironbark and Mulga Bill in the first week of February to follow up growth opportunities highlighted by the MRE.
Whiteheads Project
A programme of 416 soil samples has been completed at the Painkiller and nearby Leachers prospects during January, sampling the ferruginous horizon for potential base metals anomalism. Assays are expected in mid to late March and will be used to define and prioritise targets for follow-up exploration programs.
For further information please visit: https://www.greatboulder.com.au/
