High grade results in first drilling at Peak Hill

Key points

• High-grade gold assays up to 37.1g/t Au
• Drilling confirms interpreted dip and strike of mineralisation
• Potential for resource growth in previously interpreted barren units

Full summary

Great Boulder Resources (ASX: GBR) has reported high-grade gold assays from its first drilling program at the Peak Hill Gold Project in Western Australia. Assays up to 37.1g/t Au from Durack and 29.4g/t Au from Jubilee confirm the interpreted dip and strike of mineralisation. Drilling also intersected gold within the previously interpreted barren Jubilee dolerite, indicating potential for resource growth. The company is on track to deliver a major resource update by the end of CY2026.

Outlook

The company is well ahead of schedule with its 40,000m drilling campaign and looks forward to providing further updates as drilling continues.