Great Boulder Resources: New High-Grade Gold Intersections at Peak Hill
Key points
- Latest drilling at Peak Hill reveals thick, shallow high-grade gold
- Significant intersections include 9m @ 4.17g/t Au and 1m @ 20.7g/t Au
- Drilling confirms potential for high-grade shoots north of the pit
Full summary
Great Boulder Resources (ASX: GBR) has announced further high-grade gold intersections from its ongoing 40,000m drilling program at the Peak Hill Gold Project in Western Australia. Notable results include 9m @ 4.17g/t Au from 6m in GERC054 at Enigma and 1m @ 20.7g/t Au from 155m in GFRC014 at Five Ways. These results follow previous high-grade intersections at Jubilee, Golden Treasure, and Durack, indicating potential upside in grade and mineralisation from surface. The company is optimistic about the potential for shallow, high-grade gold to maximize project potential. Drilling continues with three rigs on site, focusing on Phase 2 programs at Durack and Jubilee, and upcoming drilling at Mt Pleasant.
Outlook
The company is optimistic about the potential for shallow, high-grade gold to maximize project potential and improve mine economics.
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