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Great Boulder Resources Ltd.
Summary
| Project: | Yamarna JV | |
|---|---|---|
| Deposit: | Mt Venn | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt-Gold-Silver | |
| Date: | 11/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-11-2017: Great Boulder Resources Ltd. announces an Exploration/Drilling Update report for its Mt Venn deposit at the Yamarna JV project. JV- Drilling results incl. 48m @ 0.75% Cu, 0.20% Ni, 0.07% Co from 86m. Great Boulder Resources (ASX: GBR) is pleas | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stefan Murphy (Internal) | |
| ABSTRACT: | Great Boulder Resources (ASX: GBR) is pleased to announce that initial reconnaissance RC drilling at the Mt Venn prospect, within its Yamarna Project east of Laverton in WA, has intersected broad zones of shallow copper-nickel-cobalt mineralisation over an extensive strike length. Results from the first nine holes reveal the presence of a wide zone of primary, near-surface copper-nickel-cobalt sulphide mineralisation which remains open in all directions. Mineralisation is copper-dominant with discrete nickel-cobalt-rich zones. The cobalt grades are considerably higher than anticipated based on previous Gold Road drilling and Great Boulder geochem drilling (Link), with assay results returning grades up to 0.1% cobalt. Great Boulder Managing Director Stefan Murphy said the results showed the Company has made a significant discovery at Mt Venn. “To achieve such intersections of cobalt, copper and nickel from the first nine holes is simply outstanding,” Mr Murphy said. “Given that we are conducting scout drilling over a strike length of 7.5km, it is remarkable to have intersected such widths and grades from these initial holes. “As with any initial drilling program over such a vast area, it is a needle-in-a-haystack exercise. The potential at Mt Venn is becoming very apparent, with knowledge gained from recent drilling and an improved understanding of the ore-forming systems further confirming the prospectivity of the project.” “We look forward to receiving the remaining results and have commenced down hole EM ahead of our next phase of targeted diamond and RC drilling in December,” he said. | |
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