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Highlights:
Great Boulder Resources continues to expand its gold resource at the Side Well Project in Western Australia.
The company is increasingly confident in developing the Side Well Project into a large-scale gold camp with potential for significant growth.
Recent drilling at Mulga Bill confirms continued gold mineralization at depth, reinforcing the project's long-term potential.
Great Boulder Resources (ASX:GBR) has made significant strides in advancing its Side Well Project in Western Australia, with ongoing exploration revealing promising gold discoveries. The company has already defined a 668,000-ounce open pittable resource at the project and is now focusing on both expanding near-surface resources and exploring the deeper potential.
The Side Well Project has demonstrated significant promise with an open strike length of 1.1 kilometers, which remains open for further exploration. In October, Great Boulder initiated drill testing of the Side Well South Prospect, where high-grade auger anomalies have been identified, indicating substantial gold potential. The Mulga Bill Prospect, a key focus of the company’s drilling, has already returned impressive grades, with vein-hosted gold concentrations reaching up to 3,160 grams per tonne (g/t). Recent reverse circulation (RC) drilling results confirm the extension of mineralization at depth, particularly in the area known as the “link zone” between Mulga Bill’s Central and High-Grade Vein regions.
Andrew Paterson, Managing Director of Great Boulder, highlighted the potential for growth at Mulga Bill, indicating that the area may hold resources in excess of one million ounces. The company's recent drilling has extended the mineralized zone further, demonstrating the size and continuity of the deposit, with some holes intersecting high-grade gold at depth, including 19 meters at 1.25g/t from 232 meters.
Great Boulder’s exploration efforts are positioning the Side Well Project for continued growth. The company’s work in 2024, including a drilling program that spans key areas like Saltbush and Mulga Bill North, sets the stage for further resource expansion. With recent acquisitions along the Ironbark Corridor and ongoing efforts to develop mining agreements and environmental surveys, Great Boulder is actively advancing the project toward future development stages, ensuring its place as a prominent player in Western Australia’s gold exploration sector.
