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Great Boulder Resources Ltd (ASX:GBR) has further expanded its footprint at the Side Well Gold Project in Western Australia, acquiring eight new tenements surrounding the Mulga Bill prospect and Ironbark Gold Trend near Meekatharra. These tenements significantly increase the company’s control over key mineralised areas, adding 7 kilometers to the strike length of Mulga Bill and 3.8 kilometers to the Ironbark Trend, both of which extend to the south.
With these new acquisitions, Great Boulder now holds more than 35 kilometers of contiguous strike length at the Side Well Project. This expanded tenure consolidates the company's control over mineralised trends and provides greater access to key geological features that could yield additional gold resources.
The Side Well Gold Project, known for its potential to host significant gold deposits, has been a focal point of Great Boulder's exploration activities. The acquisition of these new tenements enhances the project’s scope, providing new opportunities for exploration and resource expansion. The expanded strike length at both Mulga Bill and Ironbark offers GBR the potential to uncover further gold mineralisation, strengthening the project’s long-term prospects.
Great Boulder’s managing director, Andrew Paterson, described the acquisition as a strategic move that enhances the company’s exploration potential in the region. Paterson highlighted that the additional 3.8 kilometers of strike along the southern extension of the Side Well South targets is particularly significant. He also emphasized the importance of acquiring the tenement directly along strike from Mulga Bill, a key prospect for the company, which now controls a substantial portion of the eastern half of the Meekatharra greenstone belt. This acquisition is expected to provide further opportunities for exploration and the potential for new discoveries, as the company continues to progress towards its long-term goal of achieving a substantial gold resource.
The expansion of the Side Well Gold Project aligns with Great Boulder’s strategy of increasing its control over prospective mineralised areas in order to drive exploration success. The new tenements, located in a region known for gold production, will allow the company to continue its exploration efforts, targeting both near-surface and deeper gold mineralisation.
In terms of near-term exploration activities, Great Boulder Resources is preparing to commence an aircore drilling campaign at Side Well South. This drilling will target new anomalies identified during recent exploration work, which showed promising potential for gold mineralisation. The aircore drilling is expected to begin within the coming days, with the aim of uncovering new gold zones and expanding the project's overall resource base.
At the same time, the company is awaiting reverse circulation (RC) drilling results from the Mulga Bill prospect. Previous drilling at Mulga Bill has already shown strong indications of gold mineralisation, and the upcoming results are expected to provide further insight into the extent of the resource at this key target. The RC drill rig will continue to test extensions of the mineralisation at Mulga Bill, providing additional data to support the ongoing exploration efforts.
Great Boulder is also targeting a resource update for the Side Well Gold Project by the end of the year. This update will reflect the results of both new discoveries and resource definition drilling conducted throughout 2024. The company’s exploration strategy is focused on balancing efforts to define the existing resource with continued exploration for new gold discoveries.
The expansion of the Side Well Gold Project and the company’s continued drilling activities highlight Great Boulder’s commitment to advancing this highly prospective project. With a larger landholding and the potential for additional discoveries, the company is well-positioned to achieve its long-term resource goals. The upcoming drilling campaigns and the expected resource update will provide further clarity on the project’s potential, contributing to the overall development and future of the Side Well Gold Project.
Great Boulder Resources remains focused on maximizing the potential of its newly acquired tenements, continuing its systematic exploration efforts across the expanded Side Well Gold Project.
