Drilling extends mineralisation well below 1Moz resource
| Stock | Great Boulder Resources Ltd (GBR.ASX) |
|---|---|
| Release Time | 10 Feb 2026, 8:23 a.m. |
| Price Sensitive | Yes |
Drilling extends mineralisation well below 1Moz resource
- Deepest high-grade intersection yet at the Ironbark deposit
- Spectacular zone of coarse gold intersected at Mulga Bill 430m below surface
- Air-core drilling at Flagpole intersects high-grade mineralisation
Great Boulder Resources has announced further assays from its Side Well Gold Project near Meekatharra, Western Australia, demonstrating high-grade mineralisation well below the existing 1Moz resource. Diamond drilling at the Ironbark deposit intersected high-grade results, including 15.32m @ 8.85g/t Au from 125.38m and 1.08m @ 9.16g/t Au from 179.24m, the deepest high-grade intersection to date at Ironbark. This follows the recent intersection of spectacular coarse gold at the Mulga Bill deposit, approximately 430m below surface. Air-core drilling at the Flagpole deposit, 3km south of Mulga Bill, also returned high-grade results including 4m @ 16.55g/t Au, 15m @ 2.20g/t Au, and 16m @ 1.51g/t Au, demonstrating potential for resource growth. The company is targeting rapid resource growth through drilling below and along strike of existing resources, as well as testing regional targets, with three rigs currently active at Side Well and approximately $15m in cash.
Great Boulder is targeting rapid resource growth at Side Well through drilling below and along strike of existing resources, as well as testing regional targets. The company expects to deliver more drilling updates in the near future.