Great Boulder Resources (ASX:GBR) said air-core drilling at its Side Well project in Western Australia intersected high-grade gold north of the Golden Bracelet mine workings, according to a Monday filing with the Australian bourse.
The last 15 holes drilled in December 2024 yielded results including 3 meters at 4.2 grams per tonne (g/t) grade of gold from 89 meters within 23 meters at 0.9 g/t grade of gold from 89 meters, the filing said.
Drilling resumed to test geochemical targets, with results expected between February and March, per the filing.
Shares fell more than 4% in afternoon trade Monday.
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