Great Boulder hits high-grade gold in all holes at Side Well

(via NewsDirect)

Great Boulder Resources Ltd (ASX:GBR) MD Andrew Paterson tells Proactive the company has gained important structural information from five diamond holes at the Side Well Gold Project’s Ironbark and Mulga Bill prospects, intersecting high-grade gold in all holes drilled.

The data from these five holes, plus aircore drilling around Ironbark and Mulga Bill North, will contribute to generating new drilling targets – assays are expected in August – as well as supporting a resource model at both deposits.

“These five diamond holes were designed to provide structural information at Ironbark and Mulga Bill so it’s great to see high-grade gold intersections in all five holes, particularly the two wide zones at Ironbark,” Paterson said.

“The structural orientations and new assay data will feed back into our resource model at both deposits. We are hoping to have a resource update completed during the fourth quarter of this year.

“Meanwhile, we will have the reverse circulation (RC) rig back on site for the start of August and we’re finalising heritage survey plans for the Ironbark corridor so we can start drilling those new targets as quickly as possible.”

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