Great Boulder Resources Limited Extends Near-Surface Gold Strike Over 200m with High-Grade Drill Hits and Expanded Resource Prospects

Thursday, June 12, 2025
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8:21 am
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Great Boulder Resources Limited has extended its recent gold discovery at the Side Well South project, with high-grade, near-surface intersections now defining a 200m strike. These encouraging drilling results bolster the company’s growth potential, presenting a promising exploration opportunity for beginner traders.

Great Boulder Resources Limited has made significant strides at its Side Well Gold Project near Meekatharra in Western Australia. A recent round of reverse circulation drilling has notably extended the known shallow gold mineralisation strike to over 200 meters. Among the encouraging results, intersections include an interval of 9 meters at 2.28 grams per tonne of gold from 35 meters—featuring a standout one-meter zone with 9.18 grams per tonne—as well as a four-meter interval at 11.70 grams per tonne from 116 meters. Additional intervals of interest include a four-meter section at 2.79 grams per tonne from 58 meters and another four-meter sample at 1.32 grams per tonne from 67 meters. The program, which comprised 23 reverse circulation holes spanning 3,100 meters in the Side Well South area, is part of a broader campaign that also saw shallow air-core drilling at Saltbush for infill purposes ahead of an initial Mineral Resource Estimate. The drilling efforts have also extended south of the Ironbark zone, where an eight-meter intersection at 9.07 grams per tonne reinforces the potential for high-grade, near-surface mineralisation. With Phase 2 air-core drilling programmed along strike to test both northern and southern extensions, assay results are keenly anticipated to further delineate the extent of the deposit. The technical indicators in the latest drilling results underline a strong possibility that the high-grade gold zones are an extension of the historic Golden Bracelet mine. The successful intersections, detailed by composite samples and re-assayed 1-meter splits, offer promising evidence for robust near-surface mineralisation that could be integral to early cash flow and efficient mine planning. With the flagship project already hosting a resource of 668,000 ounces at an average grade of 2.8 grams per tonne, the recent discoveries add further validation to the project's potential, particularly when considering planned drilling at associated prospects such as Mulga Bill and Eaglehawk. The outlook for Great Boulder Resources Limited is buoyed by the latest drilling achievements. Bullish sentiment is driven by the clear extension of mineralisation, the impressive high-grade intersections near the surface, and the solid groundwork laid for an upcoming resource estimate. These results could enhance the probability of early production and lower risk in mine scheduling. On the other hand, bearish viewpoints might highlight the inherent uncertainties of exploration, including the need for further assay confirmations and the challenges of converting exploration success into a fully-fledged mining operation. Overall, the latest developments provide promising technical momentum that could reinforce investor confidence in the future prospects of Great Boulder Resources Limited’s gold project.

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