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Great Boulder Resources Ltd.
Summary
| Project: | Yamarna JV | |
|---|---|---|
| Deposit: | Mt Venn | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt-Gold-Silver | |
| Date: | 8/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-8-2018: Great Boulder Resources Ltd. announces an Exploration/Drilling Update report for its Mt Venn deposit at the Yamarna JV project. Drilling results incl. 12.0m @ 0.5% Cu, 0.1% Ni, 0.03% Co from 126.0m. Great Boulder Resources (ASX: GBR) is pleased | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stefan Murphy (Internal) | |
| ABSTRACT: | Great Boulder Resources (ASX: GBR) is pleased to announce the first assays from drilling at the Eastern Mafic complex, located 130km east from Laverton in WA, confirm the presence of nickel-copper-cobalt sulphide mineralisation. Assay results from two holes at the Zermatt prospect show a distinct improvement in the nickel grade and tenor (total nickel in sulphide) compared with the adjacent Mt Venn discovery. These results are important as it validates Great Boulder’s view that the Eastern Mafic represents an earlier part of the magmatic system and is more prospective for nickel mineralisation A DHEM survey commenced this week at the Eastern Mafic to better define the conductor plates. Several off-hole conductors have been modelled which the first pass drilling either missed or intersected only on the edge. Follow-up drilling targeting the centre of these conductor plates will be carried out as part of the next phase of drilling, scheduled to start in early September. At Mt Venn, drilling continues to intersect strike extensions to mineralisation, with over 600m now defined along the main mineralised trend. In addition, a new zone of wide sulphide mineralisation has been identified, interpreted to be the northern extension of the main mineralised trend. Drilling at Mt Venn is scheduled to finish in the next two weeks before returning to the Eastern Mafic | |
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