| Announcement Date: | 2022-01-31 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Great Boulder Resources Ltd. |
| Project name: | Side Well |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 9m @ 21.21g/t Au from 207m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Great Boulder Resources (“Great Boulder” or the “Company”) (ASX: GBR) is pleased to announce assay results from the first eight holes of a 41-hole Phase 5 RC program at Mulga Bill, within the Side Well Gold Project (“Side Well”) near Meekatharra in Western Australia. The intersection in hole 21MBRC062 appears to correlate with a sub-vertical mineralised structure logged in a nearby diamond hole last year, which means this high-grade zone is on a different orientation to other flat-lying high-grade veins nearby (Figure 2). The high-grade nature of this mineralisation is important as it represents one of the best intersections within fresh rock within this area of drilling. As shown in Figure 2 a high-grade quartz-hosted intersection of 6m @ 5.99g/t Au in hole 21MBRC061 was also drilled in hole 21MBRC062, however at this point the vein is above the base of depletion, where gold appears to have been stripped out during weathering. As drilling continues, it is becoming clear that the depletion layer has a variable effect in mineralisation, which explains why quartz lodes sitting close to this depth in adjacent holes have displayed variable levels of gold mineralisation. |
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