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Highlights:
- Great Boulder Resources (ASX:GBR) extended the Mulga Bill deposit by 300 metres to the north, with high-grade intersections such as 3 metres at 54.33 g/t gold within 10 metres at 17.22 g/t gold.
- Additional results include 1 metre at 30.70 g/t gold within 2 metres at 15.82 g/t gold, highlighting the prospect's potential for further resource growth.
- The results will contribute to an updated resource estimate for Mulga Bill, which already hosts 568,000 ounces of gold, with development activities progressing.
Great Boulder Resources Ltd (ASX:GBR) continues to deliver promising results from the Mulga Bill prospect, part of the Side Well Gold Project in Western Australia. Recent drilling has extended the deposit's mineralisation by 300 metres to the north, further solidifying the prospect's potential. Among the standout results were intersections of 3 metres at 54.33 g/t gold within a broader 10-metre interval grading 17.22 g/t gold from a depth of 112 metres. Another high-grade interval recorded 1 metre at 30.70 g/t gold within 2 metres grading 15.82 g/t gold from 170 metres.
These exceptional grades will be incorporated into an updated resource estimate for Mulga Bill, which currently hosts a resource of 568,000 ounces of gold. The company’s exploration team has been focused on refining the structural model at the prospect, targeting high-grade zones hosted within west-dipping quartz veins near lithological contacts.
The final reverse circulation (RC) drilling program of 2024 aimed to build on earlier high-grade intersections at the northern end of Mulga Bill. Results have validated the structural model and enhanced confidence in the resource potential.
Great Boulder Resources' managing director, Andrew Paterson, commented on the progress, noting the significant high-grade zones identified during the campaign. He highlighted the company's efforts to integrate the new data into mineralisation wireframes for the resource update and expressed anticipation for the results of metallurgical testing completed on Mulga Bill samples.
Beyond the drilling results, Great Boulder has identified gold mineralisation extending north of a cross-cutting dyke at Mulga Bill, potentially linking to the Mulga Bill North prospect. This discovery further underscores the deposit's potential for expansion.
Upcoming months are expected to deliver a steady flow of updates from Great Boulder Resources. Pending results include metallurgical data from Mulga Bill and insights from drilling and gravity surveys at Side Well South. Additionally, drilling activities at Mulga Bill are set to resume later this month, underscoring the company’s commitment to advancing exploration and development.
The Side Well Gold Project has been a cornerstone of Great Boulder’s exploration efforts, and the company remains focused on transitioning the project towards development. Recent progress highlights the potential of the Mulga Bill prospect to contribute significantly to the broader project's resource base.
The recent high-grade results, coupled with the upcoming metallurgical studies and continued exploration, position Great Boulder Resources as a key player in Western Australia's gold exploration sector. With the Mulga Bill deposit showing strong growth potential and ongoing activities across the Side Well Gold Project, the company is poised for a pivotal year.
