Great Boulder Resources (ASX:GBR) Unveils New Shallow Gold Zones at Side Well South
Exploration Results
Great Boulder Resources (ASX:GBR) has announced the discovery of multiple shallow gold mineralisation zones at its Side Well South prospect. Initial reconnaissance air-core drilling has identified significant intersections, including 34 metres at 1.25 grams per tonne gold from 17 metres, encompassing 8 metres at 3.16 grams per tonne gold. Another notable discovery includes 41 metres at 0.57 grams per tonne gold from 57 metres, with a 7-metre section grading 1.11 grams per tonne gold. These findings suggest potential extensions to high-grade lodes within the historic Golden Bracelet mine workings located further south.
Future Exploration Plans
Great Boulder is awaiting assay results for 62 air-core holes at Side Well South and 22 holes northwest of Saltbush. The company also continues reverse circulation (RC) drilling on priority targets at Mulga Bill North, with plans to begin maiden RC drilling at Side Well South. Additionally, a heritage survey is scheduled for March to facilitate follow-up drilling.
Executive Comments
Managing Director Andrew Paterson stated, “Results from the first nine AC holes drilled this year at Side Well South have identified a new shallow, high-grade gold lode, 200m north of the historic Golden Bracelet mine and 140m west of the high-grade discovery we announced in January.”
He added, “This area is extremely prospective, highlighted by the number of historic mine workings and the surface anomalism we’ve identified using auger geochemistry. Any new discoveries of shallow gold at Side Well are exciting because they have potential to add resource ounces quickly, giving us more options to optimise a mine development.”
Paterson concluded, “We are still waiting on assays for another 62 holes in this program. Follow-up drilling will be scheduled in conjunction with the RC program currently underway at Mulga Bill North.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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