Great Boulder Resources (ASX:GBR) Confirms New Gold Discovery and Extends Eaglehawk Deposit
New Gold Discovery at Side Well South
Great Boulder Resources (ASX:GBR) has confirmed additional gold mineralisation at Side Well South through RC drilling, building on earlier discoveries. Highlights include 14m @ 1.64g/t Au from 83m and 19m @ 0.84g/t Au from 28m in drill hole 25SWRC001 and 25SWRC003 respectively. Assay results are pending for 16 additional RC holes in this program.
Extension of Eaglehawk Deposit
The company’s AC drilling has extended the Eaglehawk deposit by a further 200m to the north, with significant intersections such as 8m @ 2.19g/t Au from 60m in hole 25SWAC137. The Eaglehawk deposit remains open to the south, indicating potential for further growth.
Exploration Targets Defined
Great Boulder has outlined exploration targets for several key areas within the Side Well Gold Project. These include Mulga Bill, Ironbark, Eaglehawk, Saltbush, and Side Well South, with potential ounces ranging from 20,000oz to 720,000oz depending on the location and grade.
Executive Comments
Managing Director Andrew Paterson stated, “It’s really exciting to see immediate progress at Side Well South, hitting a broad intersection of shallow gold in our first RC hole. Side Well South is shaping up as an important target for future resource growth at the project.”
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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