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Great Boulder Resources Ltd.
Summary
| Project: | Yamarna JV | |
|---|---|---|
| Deposit: | Mt Venn | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt-Gold-Silver | |
| Date: | 11/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-11-2017: Great Boulder Resources Ltd. announces an Exploration/Drilling Update report for its Mt Venn deposit at the Yamarna JV project. Drilling results incl. 15m @ 0.54% Cu, 0.16% Ni, 0.05% Co from 24m. Great Boulder Resources (ASX: GBR) is pleased t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stefan Murphy (Internal) | |
| ABSTRACT: | Great Boulder Resources (ASX: GBR) is pleased to announce the second batch of assays from the maiden drilling program at its Mt Venn project in WA contains more wide intersections of copper, nickel and cobalt. The latest results provide further evidence Mt Venn is emerging as a significant discovery. Numerous targets are yet to be drill-tested along the prospective 9km of strike length. Significant assays in the second batch include a mineralised intersection of 80m from 24m downhole in 17MVRC017, containing several wide zones of mineralisation The results extend the known mineralisation in the central zone, which hosted the initial strong assay results previously reported (see ASX release dated 13 November, 2017). A down-hole EM (DHEM) survey has now been completed on all accessible holes with initial results received over the central zone (Figure 2). The updated EM plates show a series of steeply dipping, stacked conductors in the mineralised zone with additional off-hole conductors that will now be tested. A diamond drill rig has commenced the first of five planned holes. Diamond drilling will initially focus on completing existing holes that were abandoned along the larger 9km trend and then drill extensions of the main mineralised trend. An RC drill rig is expected back on site early next week and will operate until the Christmas break. Great Boulder Managing Director Stefan Murphy said the significant scale of Mt Venn is becoming clear. | |
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