Great Boulder Resources Ltd (GBR)

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High-grade intersections expand Saltbush discovery

22 April 2024 8:43 AM. Original PDF: Open PDF | 17 Pages

Great Boulder Resources announces high-grade gold intersections at Saltbush, expanding discovery with significant drilling results.

Summary

• - Additional drilling at Saltbush has defined high-grade gold mineralisation over a ~300m strike length.
• - Highlights include multiple intersections with gold grades up to 6.96g/t.
• - Gold appears to be plunging northwest, with more RC drilling planned to test this hypothesis.
• - First-pass AC drilling north of Ironbark intersected gold in multiple locations, requiring follow-up drilling.
• - Drilling at Saltbush and other targets along the +14km Ironbark corridor is set to commence in early May.

Highlights

• - Strike length of ~300m with high-grade gold at Saltbush.
• - Gold grades up to 6.96g/t from drilling.
• - Total of 2,620m drilled at Saltbush; 5,306m at Ironbark North.
• - Drilling to commence in early May on additional targets.

Positives

• - Discovery of high-grade gold over significant strike length.
• - Identification of northwest plunging gold mineralisation.
• - Successful intersection of gold in multiple locations north of Ironbark.
• - Planned expansion of drilling to further prospective targets.

Negatives

• - Some drilled areas immediately north of Ironbark did not encounter significant intersections, leading to no further plans for drilling in those areas.

Key Dates

• 22 APRIL 2024: Announcement date.
• Early May: Target commencement date for next phase of drilling.

Alerts

• Contains better than expected results: yes
• Contains worse than expected results: no
• Contains expected results: no
• Sentiment: positive