Great Boulder Resources confirms further zones of thick, shallow gold from first 15 holes at Blue Poles discovery

Great Boulder Resources Ltd's (ASX:GBR) initial results from the first 15 drill holes at Blue Poles discovery within the Whiteheads Gold Project in Western Australia have confirmed a continuous zone of mineralisation over 300 metres long with broad intersections of up to 52 metres. Results of up to 40 metres at 1.18 g/t gold from 40 metres to the end of hole, including 20 metres at 1.51 g/t, are encouraging from only the second round of reverse circulation (RC) drilling at Blue Poles. The zone remains open at depth with several holes ending in mineralisation and other intersections to the north remain open along strike with further drilling planned to test these areas. An aircore (AC) drilling program commenced at Whiteheads earlier this week, testing regional targets along the Arsenal Trend including the Gunners prospect immediately north of Blue Poles. “Consistent, thick intersections” Managing director Andrew Paterson said: “Blue Poles is growing nicely. “With each round of drilling, we are seeing more consistent thick intersections which is a fantastic result at such an early stage. “This confirms our view that the Arsenal Trend has significant potential for multiple gold discoveries, and there is room for many more Blue Poles-sized discoveries within the full 20 kilometres strike of the trend. “Blue Poles is the only the first prospect that we’ve begun testing.” Shares have been as much as 18% higher this morning to 6 cents. Blue Poles RC results. Great Boulder’s exploration team drilled 21 RC holes at Blue Poles for 2,257 metres in late March through to early April, following up on results from the first round of RC holes reported in January. Samples were composited into 4-metre intervals for assay, with all composites assaying >0.1g/t gold to be re-assayed in individual 1-metre samples. Apart from the 40-metre intersection, other strong results are 36 metres at 1.09 g/t from 28 metres, including 8 metres at 2.2 g/t and 40 metres at 1.11 g/t from 40 metres to the end of hole. Following the initial intersection of 52 metres at 1.02 g/t gold from 28 metres in hole 20BPRC006, Great Boulder surveyed several holes using an optical televiewer (OTV) to capture down-hole structural information. This data confirmed the holes were drilled in the correct orientation, dipping at 60° to the west. OTV surveys are a much cheaper alternative to drilling diamond core when structural information is required. Looking ahead  Six holes remain to be assayed and all results will be reviewed prior to designing a follow-up drill program targeting further extensions and high-grade zones. Aircore drilling is scheduled to start this week, testing regional targets along the Arsenal Trend including the Gunners prospect immediately north of Blue Poles.