IMPRESSIVE GOLD HITS IN AIRCORE DRILLING AT MULGA BILL NORTH

Promising Results Boost Exploration Efforts at Great Boulder Resources

Great Boulder Resources (ASX: GBR) has announced significant gold intersections from air-core (AC) drilling at Mulga Bill North, adding definition to gold mineralisation approximately 500m north of the existing resource area.

Highlights include:

  • 12m @ 2.61g/t Au from 88m, including 4m @ 4.27g/t Au from 93m in 24SWAC214
  • 4m @ 5.03g/t Au from 84m and 3m @ 2.31g/t Au from 112m in 24SWAC216
  • 3m @ 2.68g/t Au from 114m in 24SWAC211
  • 9m @ 1.95g/t Au from 100m in 24SWAC220

These results will guide the next round of drilling at Mulga Bill North. Assays for 45 AC holes recently drilled at the Polelle Project, 5km southwest of Side Well, are still pending. Drilling is expected to resume in mid-July, focusing on a high-priority, 2km long geochemical anomaly northwest of the Saltbush Prospect.

Great Boulder’s Managing Director, Andrew Paterson, commented:

We use AC drilling to identify pathfinder elements and gold anomalism, so intersecting high-grade mineralisation is always a great result. These results sit between 500m and 800m north of the 568k oz Au Mulga Bill mineral resource. There is very little effective drilling between this area and the high-grade drill results we announced last month from drilling further south, which highlights the grade and potential of the Mulga Bill North area.

We’re starting to see west-dipping high-grade veins, including the result in 24SWAC214 which hit 12m @ 2.61g/t Au from 88m, and we will be looking to extend these with further drilling.

Another outcome from this program is the identification of a dacitic unit on the eastern margin of the drilling. This is significant because dacitic volcaniclastic hosts the high-grade mineralisation at Mulga Bill, suggesting we should extend our drilling further east.

Meanwhile we have assays pending on 45 AC holes from Polelle, which is the first drilling we’ve completed there, and we’ll be drilling again soon at Saltbush and Mulga Bill North.

Read the full announcement

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