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Highlights:
Great Boulder Resources (ASX:GBR) confirms a new gold discovery at Side Well South near Meekatharra
Additional mineralisation confirmed through recent drilling with further assay results pending
Follow-up exploration activities planned at Ironbark and Eaglehawk prospects
Great Boulder Resources (ASX:GBR), listed on the Australian Securities Exchange and aligned with the mining segment of the ASX 200, has reported a fresh gold discovery at its Side Well Project located near Meekatharra in Western Australia. This update adds momentum to the company's ongoing exploration efforts and underscores continued geological interest in the region.
New Discovery at Side Well South
The latest update comes following a reverse circulation drilling program conducted beneath earlier gold intersections at the Side Well South prospect. Great Boulder confirmed additional gold mineralisation through intercepts showing significant continuity in grade and thickness. These findings are based on a portion of the program's drilling results, with assays from additional drillholes still pending.
The Side Well Gold Project is already home to a significant mineral resource estimate. The confirmation of further mineralisation supports the company’s broader strategy to enhance the geological footprint of the area.
Promising Indicators Across Multiple Targets
According to Great Boulder, the Side Well South zone is emerging as a highly promising area for future geological work. Initial aircore drilling in this location revealed gold intersections in multiple new areas with similar geological structures to those seen at the Ironbark and Saltbush deposits.
At Eaglehawk, aircore drilling has successfully extended the gold mineralisation trend, adding to the potential continuity of mineralised zones. The extension was confirmed through recent intercepts that returned meaningful widths and grades of gold mineralisation, indicating further exploration viability.
Advancement of Ironbark Scoping Study
In parallel with the ongoing exploration at Side Well South and Eaglehawk, Great Boulder has completed a Scoping Study for the Ironbark deposit. The outcomes of this study are anticipated within the current quarter. This study marks a step forward in understanding the development prospects of Ironbark within the broader Side Well Project area.
In addition, the company has formalised its near-term project roadmap by defining an exploration framework. This framework outlines expected growth based on existing geological data and active zones under current exploration.
Forward Work Plan and Exploration Focus
Great Boulder is progressing with its phase-two drilling campaign at Side Well. The next round of activities includes a follow-up reverse circulation drilling program at the southern portion of the Ironbark deposit. The company has also scheduled additional aircore drilling and induced polarisation surveys across the northern section of Eaglehawk to further delineate new targets.
Great Boulder Resources remains focused on exploration and development of gold and base metal projects throughout Western Australia. Through continued drilling success and strategic exploration planning, the company is aiming to enhance geological understanding across its key holdings.
