Great Boulder Resources: Significant Gold Discovery at Mulga Bill East
Key points
- Mulga Bill East extends to 1.5km with high-grade gold intersections
- Drilling continues to infill and extend the mineralisation
- West-dipping veins appear continuous between Mulga Bill and Mulga Bill East
Full summary
Great Boulder Resources (ASX: GBR) has announced substantial growth in its Side Well Gold Project, with the Mulga Bill East area extending to 1.5km. The latest drilling results indicate high-grade gold intersections, with assays up to 60g/t Au. These results extend the Mulga Bill East discovery by 600m, taking it to 1.5km-long. The mineralisation remains open along strike and at depth. The company plans further drilling to test the continuity of mineralisation within quartz lodes extending from Mulga Bill to Mulga Bill East.
Outlook
The company believes that the structural continuity and ongoing success in the Mulga Bill - Eaglehawk area support the belief that this is a very significant gold system, with potential to become one of the biggest gold endowments in the Meekatharra field.
Summary generated by a large language model. Please interpret with care.