Great Boulder Resources

New Gold Discovery Confirmed at Side Well South and Drilling Extends Eaglehawk by a Further 200m

Great Boulder Resources (“Great Boulder” or the “Company”) (ASX: GBR) is pleased to provide an update on exploration at the Company’s flagship Side Well Gold Project (“Side Well”) near Meekatharra in Western Australia which hosts a Mineral Resource Estimate (“MRE”) of 668,000oz @ 2.8 g/t Au.


HIGHLIGHTS

  • RC drilling beneath recent gold discoveries (announced 20/01/25, 25/02/25 & 12/03/25) at Side Well South has confirmed additional gold mineralisation, with highlights including:
    • 14m @ 1.64g/t Au from 83m, including 4m @ 3.59g/t Au from 86m in 25SWRC001
    • 19m @ 0.84g/t Au from 28m, including 5m @ 2.01g/t Au from 36m, & 4m @ 1.77g/t Au from 53m in 25SWRC003
    • 8m @ 1.68g/t Au from 107m in 25SWRC004
  • Assay results are pending for a further 16 RC holes in this program
  • AC drilling has extended the Eaglehawk deposit by a further 200m, remaining open to the south, with significant results including:
    • 8m @ 2.19g/t from 60m, including 4m @ 4.23g/t Au from 64m in 25SWAC137
  • Drilling is continuing at Side Well South, with the rig completing a Phase 2 AC program
  • The Ironbark scoping study is on track to be delivered during the current quarter

Great Boulder’s Managing Director, Andrew Paterson commented:

“It’s really exciting to see immediate progress at Side Well South, hitting a broad intersection of shallow gold in our first RC hole. We’ve now confirmed primary gold mineralisation on two of the initial AC discoveries announced earlier in the year, with assays pending from another 16 RC holes.”

“Side Well South is shaping up as an important target for future resource growth at the project. Our initial AC program intersected gold in four new areas with geological settings analogous to our Ironbark and Saltbush deposits, which is very promising. We also have several large, coherent geochemical targets further south in the Tal Val area that are yet to be drill tested.”

“Our AC drilling in the central corridor has extended the Eaglehawk deposit by approximately 200m, and it still remains open to the north. We also drilled six AC holes into the Mulga Bill East area - which hasn’t been drilled for two years – and found more gold along that trend, so there will be more follow-up work in both areas.”

“We have also formalised our near-term growth expectations at Side Well in the form of an Exploration Target, which is based upon upside expectations within our current resources and active gold prospects. The target doesn’t include any of the high-priority geochemical targets that we’ve not yet drilled, so I think it’s a fairly conservative number for what we can see right now. It’s an Exploration Target and not a resource estimate, so please read the disclaimers.”

“There is huge upside potential beyond these current target areas, and we look forward to illustrating that as our exploration programs unfold.”

Figure 1: Recent RC results at Side Well South have confirmed gold discoveries made in earlier first-pass AC drilling


Click here for the full ASX Release

This article includes content from Great Boulder Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

GBR:AU
The Conversation (0)
Harvest Gold (TSXV:HVG)

Harvest Gold Identifies 15 Primary And 10 Secondary Targets For Its Diamond Drill Program At Its Mosseau Project In Quebec

Harvest Gold Corporation (TSXV: HVG) (“Harvest Gold ” or the “Company ”) is pleased to announce the finalization of drill targets for its planned diamond drill program at the Company’s Mosseau Project, located in the Urban-Barry Greenstone Belt of Quebec (Figure 1).

Rick Mark, President and CEO of Harvest Gold, states: “Our geological team has done a tremendous job in compiling and collating the many datasets from the historic work of many companies in the northern area of Mosseau. They also built a new database for the central area with Harvest Gold’s 2024 air and ground programs data, captured using today’s technologies, layered over the data from historic work done sporadically. Drill permits are secured and a drill contract for a 5,000-metre program is signed. We are ready to drill.”

Keep reading...Show less
"M&A" written on puzzle pieces.

Western Australia Approves Aston Minerals and Torque Metals Merger

Aston Minerals (ASX:ASO) and Torque Metals (ASX:TOR)made a joint announcement on Tuesday (June 10) acknowledging that the Supreme Court of Western Australia has approved their proposed merger.

First announced in January, the deal will see Torque acquire all of Aston's fully paid ordinary shares.

Aston’s delisting from the ASX is underway, with trading suspended on May 29. The company applied for termination of official quotation and removal from the ASX on the day the merger got the green light.

Keep reading...Show less
WIA Gold

Drilling continues to return significant high-grade mineralisation

Wia Gold Limited (ASX: WIA) (Wia or the Company) is pleased to report further positive assay results for thirty-six (36) Reverse Circulation (RC) drillholes and nine (9) diamond drillholes (DD), totalling 9,349 metres, aiming to upgrade inferred resources and support resource growth at the 2.12Moz1 Kokoseb Gold Project (Kokoseb) in Namibia.

Keep reading...Show less
Walker Lane Resources President and CEO Kevin Brewer.

Walker Lane Resources Webinar Highlights Strategic Path to Discovery and Value

Walker Lane Resources (TSXV:WLR) outlined its strategy as a high-grade gold and silver explorer focused on Nevada and BC in a recent webinar hosted by the Investing News Network.

In his presentation, Walker Lane President and CEO Kevin Brewer emphasized the company’s goal of discovering and advancing quality assets, then monetizing them near their peak exploration value.

“You want to find deposits, and then you start to maximize them. You may start a PEA (and) you may complete that. But at most stages, the best thing to do is try to sell the project at that (PEA) stage, because that will be the peak value,” Brewer said.

Keep reading...Show less
GMV Minerals (TSXV:GMV)

GMV Minerals Inc. Extends Exclusive Option to Acquire Mexican Hat Mining Claims - Commissions Updated Preliminary Economic Assessment

GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) announces that it has elected to extend its exclusive initial five (5) year option ("Option") to purchase certain unpatented mineral claims ("Claims") located in Arizona (the "Mexican Hat Property") for an additional three (3) years by making an additional Option extension payment of US$5,000 to Hernandez Trust.

GMV's wholly owned subsidiary acquired 100% of the Mining Property Lease ( "Mining Property Lease" or "Lease") of Norman A. Pearson in the Mexican Hat Property pursuant to the terms of a mining property lease assignment agreement dated as of May 14, 2014 among GMV, Norman A. Pearson and Manuel R. Hernandez. Subsequent to the passing of Mr. Hernandez in 2019, the Claims and Lease were transferred and assigned to the Hernandez Family Trust (the "Hernandez Trust"). The Hernandez Trust and GMV entered into an Option to Purchase Agreement in respect of the Claims dated December 14, 2020, pursuant to which the Hernandez Trust granted GMV's subsidiary the exclusive initial five (5) year Option over the Claims that are the subject of the Lease by making certain quarterly option payments to Hernandez Trust.

Keep reading...Show less

Latest Press Releases

Related News

×