GBR - Great Boulder says Side Well is an “absolute belterâ€
(NewsDirect)
Great BoulderResources Ltd (ASX:GBR) MD Andrew Paterson tells Proactive the companyhas enhanced the gold bounty of its Side Well Project near Meekatharrain Western Australia through an updated mineral resource estimate(MRE) that has increased the total resource by 29% to 668,000 ouncesat 2.8 g/t gold. Importantly, 51% of the resources are now in theindicated JORC category, a key factor in enhancing the geologicalunderstanding of Side Well and de-risking the project as it movestowards development. The updated MRE incorporates additions to theresources at the Mulga Bill and Ironbark deposits and there isconsiderable scope to take the overall Side Well resource well beyond1 million ounces.
“This is an important step for Great Boulder, with asignificant increase in contained ounces at Mulga Bill and Ironbark aswell as the conversion of a large proportion of both deposits from theInferred to Indicated JORC category," Paterson said. "Thatmeans both deposits are defined with sufficient confidence to commenceeconomic studies once the current inflationary cycle peaks and we canconfidently predict future cost inputs.”
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Proactive Investors
JonathanJackson
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Jonathan@proactiveinvestors.com
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