HIGHLIGHTS
Great Boulder’s Managing Director, Andrew Paterson commented:
“These are sensational new intersections at Mulga Bill. The holes were designed to add definition within areas of inferred resource and they have done so in emphatic style, with intersections that are both thicker and higher grade than previously estimated.”
“Equally impressive is the deep result in hole 24MBRC030 which is well outside the resource, down- dip and further north than previous drilling in that area.”
“After several rounds of drilling at Mulga Bill the high-grade lode positions fit our interpretation perfectly, which means we have very high confidence in the validity of this resource model. The drilling has added high-grade intersections up-dip from previous holes on several sections within the resource, which should add gold ounces closer to surface than the current estimate. This will be important for potential mine economics when we start scoping studies.”
Nine RC holes were drilled at Mulga Bill for a total of 1,587m. The program was designed to test poorly defined areas around the edges of the Mulga Bill high-grade vein positions as part of the process to upgrade less-drilled parts of the resource from inferred to indicated category. Highlights from the drilling include:
The mineralised wireframes at Mulga Bill will be updated and extended to incorporate the new intersections in preparation for a resource update which will be completed towards the end of the year.
Next Steps
The RC rig is currently drilling the final resource definition RC holes at Mulga Bill, after which reconnaissance AC drilling will commence on exciting new targets at Side Well South.
Leave a Reply