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Great Boulder Resources Ltd.
Summary
| Project: | Yamarna JV | |
|---|---|---|
| Deposit: | Mt Venn | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt-Gold-Silver | |
| Date: | 3/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-3-2017: Great Boulder Resources Ltd. announces an Exploration/Drilling Update report for its Mt Venn deposit at the Yamarna JV project. JV - drilling results incl. 6m @ 0.5% Cu, 0.1% Ni, 244ppm Co. Great Boulder Resources (ASX: GBR) is pleased to annou | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Melanie Leighton (Internal) | |
| ABSTRACT: | Great Boulder Resources (ASX: GBR) is pleased to announce highly promising copper, nickel and cobalt intersections from the first hole drilled at the Mt Venn prospect within its Yamarna project 130km east of Laverton in WA. Anomalous mineralisation is intersected throughout the hole, with two higher-grade sulphide lenses from 67m to 73 m and 85 to 88m. The hole was drilled by Gold Road Resources in Exploration Licence E38/2320 (Licence), which Great Boulder recently acquired through the Yamarna Joint Venture. Great Boulder is earning an initial 75% interest in the Yamarna JV through the expenditure of $2m over 5 years1 . The Licence acquired from Gold Road borders the Yamarna JV’s tenements. Importantly, the hole is drilled on the eastern edge of a significant EM conductor. The conductor straddles the border between the recently acquired Licence and the original Yamarna JV tenements. The centre of the conductor, which returned the strongest EM response, is located 450m south of the drill hole within the original Yamarna JVs tenements. With the acquisition of E38/2320, Great Boulder now holds 9km of the prospective horizon of the Mt Venn Igneous complex. Drill testing of priority targets will follow completion of a ground EM survey which will be used to better define the conductor plates. | |
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