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Highlights
- Gold mineralisation confirmed in two new prospect areas.
- Whiteheads divestment deal remains on track for H1 2025.
- Focus maintained on flagship Side Well Gold Project.
Great Boulder Resources (ASX:GBR) has announced the discovery of gold mineralisation across two promising new areas within its Whiteheads Project in Western Australia. The confirmation comes as a result of a focused aircore drilling program designed to explore underexplored prospects in the region.
The program involved 67 drill holes over 2,412 meters, targeting key prospects at Reception Hill, Lindsays, and Wishbone. Results revealed significant gold intersections, including 4 meters at 4.51 grams per tonne (g/t), 2 meters at 1.86 g/t, and 4 meters at 0.94 g/t gold. Encouraged by these outcomes, the company plans to analyze four-meter composite samples as more detailed one-meter samples for further verification.
This exploration progress coincides with Great Boulder’s previously announced divestment of the Whiteheads Project. In November 2024, the company revealed plans to transfer the project via an equity agreement with privately owned Great Western Gold. The transaction enables Great Boulder to retain some exposure to the asset while concentrating efforts on its flagship Side Well Gold Project. The sale process remains on schedule for completion in the first half of 2025.
While the divestment is underway, Great Boulder conducted this drilling program to ensure the Whiteheads tenements remain in good standing. Managing Director Andrew Paterson highlighted the significance of Reception Hill’s strong gold anomalism in soil geochemistry, noting that earlier efforts had primarily focused on the Blue Poles discovery and Side Well exploration.
Paterson stated, “Reception Hill has shown very promising potential, and these recent findings provide an excellent starting point for future follow-up exploration after the divestment process concludes.”
Great Boulder’s flagship Side Well Gold Project continues to remain the central focus, with a defined mineral resource of 7.45 million tonnes at 2.8 g/t gold for 668,000 ounces. This high-grade resource reinforces the company’s strategy of concentrating on assets with significant development potential.
As exploration and divestment efforts align, Great Boulder Resources aims to balance asset management with aggressive advancement at Side Well, ensuring sustained momentum in its growth trajectory. With strategic decisions driving its activities, the company continues to strengthen its position within Western Australia’s highly prospective mineral landscape.
Further updates are expected as exploration progresses at Side Well and the Whiteheads transaction nears completion.
