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Great Boulder Resources reveals more high-grade results from Whiteheads gold corridor

Proactive Investors Wednesday, 11 December 2019
Great Boulder Resources Ltd (ASX:GBR) has confirmed promising results from early-stage exploration undertaken at its Whiteheads Gold Project 60 kilometres north of Kalgoorlie, WA. Whiteheads prospect location map At the Lady Betty prospect, five holes were drilled for 641 metres with the aim of extending a high-grade shoot. Results from this drilling include 1 metre at 7.51 g/t gold from 112 metres. This intersection extends the strike of the high-grade structure about 65 metres to the north. Long section of Lady Betty showing recent and historical drill intersections At the Seven Leaders prospect, seven holes were drilled for 838 metres testing strike extensions and continuity of the higher-grade shoot at the southern end of previous drilling. Results include 16 metres at 1.13g/t gold from 58 metres in hole 19SLRC006, including 2 metres at 2.53g/t gold from 60 metres. Whiteheads regional work Mapping and rock chip sampling within the Whiteheads corridor highlighted the potential along this trend, particularly south of Lady Betty. Two samples from the historic Gindalbie workings 800 metres southeast of Lady Betty, in the same area as the ‘Anomaly H’ target, have assayed 6.9 and 11 g/t gold. These samples were 65 metres apart. These results demonstrate the presence of high-grade gold at surface, in an area defined as a strong, coherent 1.8 kilometres-long gold-in-soil anomaly from previous auger sampling. Anomaly H gold-in-soil auger anomaly in relation to recent rock chip results. This anomaly covers a strike distance of 1.8 kilometres at >25ppb gold. Great Boulder managing director Andrew Paterson said the results demonstrated the potential of Whiteheads. He added: “It is clearly early days for us at Whiteheads and we have only just started prioritizing targets within a large project area. “These results are highly promising because they confirm the presence of shallow high-grade gold in several areas along the Whiteheads corridor. “We’ve barely scratched the surface, and sampling at Gindalbie demonstrates the presence of outcropping structures carrying high-grade gold. “We are now taking a step back in the exploration process with an auger program over the Arsenal trend at Whiteheads. “We expect that this program will give us more targets for aircore drilling in the new year. “At the same time we’ll be extending the auger into some highly prospective areas to the west of Whiteheads Find” Next steps A targeted drone-magnetic survey over prospects within the Whiteheads corridor between Lady Betty and Seven Leaders is scheduled to commence next week. This survey will provide high resolution magnetic images to assist with interpretation of the structural settings associated with mineralisation in the area.
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