Great Boulder Resources' (ASX: GBR) drilling at the emerging Saltbush discovery has extended the high-grade lode at the company’s flagship Side Well gold project near Meekatharra in Western Australia.
“The Saltbush discovery continues to grow, with the highest-grade intersection to date extending the strike of high-grade mineralisation by 40m to the northwest,” Managing Director, Andrew Paterson, said.
“Surface geochemistry indicates continued prospectivity along strike within a two km geochemical anomaly, so the next round of drilling will test possible changes in direction, or a fault offset to the north. So far we’ve defined a near-surface, high-grade lode over 300m in length and we are confident that it will continue to grow.
“In the meantime, we have more results pending for Mulga Bill North, and the AC rig has moved south for our first drilling program at the Polelle Project, approximately five km southwest of the Side Well tenements. The GBR team has been very busy and we have a lot of work in the pipeline.”
12 RC holes were drilled at Saltbush for a total of 1,560m, with all holes dipping at 60 degrees towards the east. Two fences of holes were drilled 40m and 80m north of previous coverage, with holes 24SBRC017 and 24SBRC018 successfully intersecting high-grade mineralisation northwest of previous results.
The northern-most fence of holes did not intersect significant mineralisation; pXRF traverses to the north indicate a potential fault offset, and this hypothesis will be tested in the next round of drilling. Highlights include 10m @ 6.47g/t Au from 117m, including 3m @ 18.59g/t Au from 117m, 14m @ 4.40g/t Au from 65m, including 1m @ 13.85g/t Au from 67m; and 12m @ 0.68g/t Au from 20m and 1m @ 2.17g/t Au from 35m.
A two km-long geochemical anomaly northwest of Saltbush has now been cleared by a heritage survey. Initial AC holes are being planned to test strike extensions and repetitions of mineralisation within this area.
