Great Boulder Resources (ASX:GBR) confirmed the potential for further resource growth at the Mulga Bill prospect within the Side Well gold project in Western Australia.
Results from two holes drilled at the project struck gold in high-grade veins and shear-hosted lodes, with notable hits of one meter at 19.30 grams per tonne of gold from 519 meters and one meter at 7.74 g/t of gold from 205 meters, according to a Tuesday filing with the Australian bourse.
The results confirmed the depth potential at Mulga Bill, said Managing Director Andrew Paterson, adding that Great Boulder Resources plans to undertake follow-up drilling most likely in the first half of 2025.
An air core rig is currently drilling an Ironbark-style geochemical target at the Side Well South area. The rig will soon switch back to reverse circulation to complete a resource definition program at Saltbush to support an upcoming mineral resource update.
Great Boulder Resources shares were down 7% in recent trade.
Price (AUD): $0.05, Change: $-0.0040, Percent Change: -7.27%
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