Great Boulder Resources about to begin reverse circulation drilling at Side Well Gold Project in WA

Great Boulder Resources Ltd (ASX:GBR) is scheduled to begin reverse circulation (RC) drilling this week at the Side Well Gold Project near Meekatharra in Western Australia. The drilling program of around 2,000 metres will test extensions to high-grade mineralisation at the Mulga Bill prospect and is expected to take three weeks to complete. Shares are more than 8% higher at 5.1 cents and have risen from 2.3 cents at the market close on June 23. Aircore drilling to follow Managing director Andrew Paterson said the company was on track with its exploration program for Side Well, with ‘a lot of work planned’ in the months ahead. He said: “It’s exciting to be putting our first holes into Mulga Bill six weeks after announcing the Side Well agreement and we’re also starting generative work to build up a pipeline of prospects within the project area. “After this initial RC drilling, we will start a consecutive aircore program after which we’ll take that aircore rig back to Whiteheads to extend the Blue Poles discovery.” An aircore program is scheduled to start immediately after the RC drilling is finished and 6,000 to 7,000 metres of aircore will be drilled at Mulga Bill, infilling the 400-metre gaps in previous drill coverage. This program is intended to confirm the strike of mineralised zones within Mulga Bill, reducing the amount of follow-up RC drilling which will be required in subsequent rounds of exploration. While these programs are underway the company will also be completing a range of soil sampling programs aimed at generating new targets within the Side Well project. Entitlement acceptance forms Eligible shareholders are reminded that the entitlement offer is open for subscriptions, with a proposed closing date of 5.00pm (Perth time) on Friday, September 4. Paterson added: “Lastly, I’d like to remind eligible shareholders that they can access their entitlement acceptance forms online now at Automic. “The offer closes on September 4, so people in regional areas might be cutting it fine if they’re waiting for the forms to arrive by mail.” Shareholders are encouraged to read the prospectus, a digital copy of which was lodged with the ASX on Thursday, August 13, and hard copies posted out on Thursday, August 20. As postal deliveries may be running behind schedule due to regional freight restrictions, shareholders are also reminded that they can access their personalised Entitlement and Acceptance form online at https://investor.automic.com.au/#/home.