For thousands of other reports visit RSC's Mineral Intellingence Map
Great Boulder Resources Ltd.
Summary
| Project: | Balagundi | |
|---|---|---|
| Deposit: | Balagundi | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/9/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-12-2016: Great Boulder Resources Ltd. announces an Exploration/Drilling Update report for its Balagundi deposit at the Balagundi project. Drilling results incl. 4m @ 5.64g/t Au from 135m. Great Boulder Resources Limited (ASX: GBR) (“Great Boulder”) is p | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Melanie Leighton (Internal) | |
| ABSTRACT: | Great Boulder Resources Limited (ASX: GBR) (“Great Boulder”) is pleased to release the initial results from the first phase RC drill programme at its flagship Balagundi project, 20km east of Kalgoorlie. Drilling along the Mt Bellew North trend was designed to test extensions of known gold mineralisation and verify previous drill intersections. Significant near surface gold mineralisation has now been confirmed along the existing 220m trend with follow-up RC drilling to commence immediately, testing additional dip and strike extensions to this trend. Commenting on the first phase RC drilling at Balagundi, Great Boulder Managing Director Stefan Murphy said results have exceeded expectation, with confirmation of high grade mineralisation and thick near-surface oxide mineralisation attractive for an early start-up strategy. “We are very pleased with the continuity of mineralisation along the Mt Bellew North trend, with defined zones of high grade mineralisation associated with quartz lode systems extending throughout the Balagundi project. “Given the extensive historical workings along the Mt Bellew trend and previous high grade drill intersections, we were confident that this initial RC programme would define mineralised lodes and controlling structures. Where we have been particularly surprised is the thickness and extent of shallow oxide mineralisation along the western and southern margin of the trend. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report