High Grades Continue At Ironbark & Mulga Bill

Great Boulder Resources (“Great Boulder” or the “Company”) (ASX: GBR) is pleased to provide an update on recent drilling programs at the Side Well Gold Project (“SideWell”) near Meekatharra and the Whiteheads Project north of Kalgoorlie in Western Australia.

• Final results received for Phase 2 RC drilling at Ironbark, plus initial results at Mulga Bill and Flagpole. Highlights include:
  • 11m @ 7.31g/t Au from 46m, incl. 4m @ 15.27g/t Au from 47m (Ironbark - 22IBRC017)
  • 28m @ 1.13g/t from 64m, incl. 8m @ 2.91g/t Au from 84m in (Ironbark - 22IBRC013)
  • 4m @ 25.89g/t Au from 210m, incl. 2m @ 49.73g/t Au from 210m (Mulga Bill - 22MBRC022)
  • 3m @ 9.39g/t Au from 86m (Flagpole - 22MBRC020)
• RC Drilling is ongoing at Mulga Bill with a third round of RC drilling at Ironbark to commence shortly. A concurrent auger drilling program underway to identify potential Ironbark analogues over a prospective c.7km strike length
• Whiteheads AC drilling results have been received highlighting shallow gold anomalies over the Arsenal trend requiring follow up RC drill testing

Great Boulder’s Managing Director, Andrew Paterson commented:

“Ironbark is continuing to provide plenty of excitement with another very high grade, shallow intersection at the south end. We’re planning to start a third round of Ironbark definition drilling in the next few days to continue defining these high-grade zones.”

“Early results from RC drilling at Flagpole demonstrate the potential for it to become another high- grade zone within the 6km Mulga Bill corridor, and Mulga Bill itself continues to provide more high- grade intersections. There will be more news from those programs in the weeks ahead.”

“While the drilling has been underway our field team has also started auger sampling along the target area south of Ironbark, where we have more than 7km of untested stratigraphy. We are hoping to make more Ironbark-style discoveries in this area over the second half of the year.”

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