GBR - Great Boulder’s Mulga Bill North could be significant extension to existing resource

(NewsDirect)

Great BoulderResources Ltd (ASX:GBR) MD Andrew Paterson tells Proactive he believesthe Mulga Bill North prospect at the Side Well Gold Project is shapingup as a “significant” northern extension to the existing resource,following the latest round of assays from resource expansion anddefinition drilling coupled with a northern exploration program. AtMulga Bill North, the company unearthed results up to 4 metres at 5.48g/t gold from 160 metres. GBR has now defined mineralisation at thisnorthern prospect to over 700 metres of strike length, still open inall directions for further exploration.

“These results are the last eleven holestargeting shallow mineralisation at Mulga Bill plus five explorationholes at Mulga Bill North,” Paterson said.

“The hole whichintersected 8 metres at 13.68g/t gold is outside the current resourceat the north-eastern end of Mulga Bill.

“At this stage we’re not sure if it’s anew supergene zone or an extension of a high-grade west-dipping vein.In either case it’s a new high-grade zone which adds ounces to theproject.

“AtMulga Bill North it appears hole 23MBRC086 has intersectednortheast-trending mineralisation.

“The next hole to the north didn’t drill deepenough to intersect that trend, so it remains open along strike. Ourpathfinder geochemistry looks very promising in that area and furtherdrilling is required.

“The team is now finalising all the Mulga Bill wireframes inpreparation for the resource update later this month.

“Meanwhile we are looking forward to thesecond heritage survey on the northern half of the Ironbark corridor.Our other drilling approvals are in place, and we’re looking forwardto drill testing these areas as soon as possible.”

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JonathanJackson

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