Great Boulder Resources Limited Unveils New Gold Discoveries and Drilling Extensions, Boosting 668Koz MRE and Expanding Exploration Targets
Friday, May 23, 2025
at
8:18 am
Great Boulder Resources Limited advances exploration at its flagship Side Well Gold Project with strong new gold intersections and an extended Eaglehawk deposit. Ongoing drilling and high-grade findings hint at significant resource growth, offering promising potential for short-term and long-term investor value.
Great Boulder Resources Limited has provided an extensive update from its flagship Side Well Gold Project near Meekatharra, Western Australia. The company announced that its recent reverse circulation drilling at the Side Well South target has confirmed additional gold mineralisation, with robust intersections such as 14 meters at an average grade of 1.64 grams per tonne gold, including a 4‐meter interval at 3.59 grams per tonne. Similar encouraging results were recorded in additional RC holes, including 19 meters at 0.84 g/t Au and 8 meters at 1.68 g/t Au. Assay results from 16 other RC holes are expected in the coming days, potentially further underpinning the prospect’s resource potential.
The update also detailed extension work on the Eaglehawk deposit, where air core drilling has extended the known strike by 200 meters. Notable intersections at Eaglehawk include an 8‐meter interval grading 2.19 g/t Au, with a sub-interval of 4 meters reaching 4.23 g/t Au. Drilling efforts are ongoing at both Eaglehawk and the Mulga Bill East area, where new intersections signal the possibility of applying follow‐up work to add ounces within an optimised pit shell. This drilling campaign reinforces the project’s compelling geological similarities to established deposits such as Ironbark and Saltbush.
Great Boulder Resources Limited is also formalising near-term growth expectations with an Exploration Target for Side Well based on its latest drilling and multi-parameter analysis. The broader Side Well project now includes targets at Mulga Bill, Ironbark, Eaglehawk, Saltbush, and the emerging Tal Val area. The Exploration Target ranges—for example, between 680,000 to 720,000 ounces for Mulga Bill and 50,000 to 100,000 ounces for Side Well South—are based on a combination of drilling, surface geochemistry, geophysical surveys, and 3D modelling. The company emphasizes that these figures are conceptual and subject to further drilling and evaluation.
The news carries both bullish and bearish implications. On the bullish side, strong drill intersections, the extension of known mineralisation, and favorable geological settings underline the project’s potential to significantly increase its known resource base. The confirmation of gold across multiple target areas, plus the ongoing follow-up drilling campaigns, could drive investor confidence in the expansion of the deposit and future resource estimates. On the bearish side, several assays remain pending, and the Exploration Targets are preliminary in nature. The results to date, while promising, require further definition before they can be translated into an upgraded mineral resource, and the reliance on continued exploration success introduces some inherent risk in these early-stage findings.
Overall, Great Boulder Resources Limited’s latest drilling results and exploration plans provide a detailed insight into the evolving potential of its gold projects, underscoring both the exciting opportunities and the challenges ahead as the company works to convert its current exploration success into a larger, definitive resource base.