Great Boulder Resources has high-resolution gravity survey underway at Side Well Gold Project

Great Boulder Resources has high-resolution gravity survey underway at Side Well Gold Project

Proactive Investors

Published

Great Boulder Resources Ltd (ASX:GBR) has begun a high-resolution gravity survey at its Side Well Gold Project in Western Australia. The gravity data will be used to identify a possible buried intrusion beneath Mulga Bill thought to be driving wide-scale dispersion of bismuth with gold and associated intrusive-related pathfinder elements throughout the prospect. Great Boulder is also collaborating with artificial intelligence (AI) targeting specialists Sensore Ltd to combine the Side Well gravity data with Sensore’s Tea Well gravity data immediately south of Side Well. Importantly, further Mulga Bill reverse circulation (RC) results are imminent with the next round of drilling scheduled to resume in the coming week. “Sharing data with Sensore will add value for both companies” Great Boulder managing director Andrew Paterson said: “We’re pleased to have Atlas Geophysics in the field so quickly. “This data set will be an important step forward in our understanding of Side Well. “Sharing data with Sensore will add value for both companies and we intend to collaborate further in future. “We are also looking forward to recommencing RC drilling at Mulga Bill next week. “With extremely high levels of exploration activity across the WA gold sector, assay labs are struggling to keep up with demand. That means our sample turnaround times are now in excess of six weeks. “There will be a lot of results coming through between now and the end of September”. Valuable structural information Great Boulder’s high-resolution gravity survey has been initiated with the geophysical field team surveying stations on a 200 metres (EW) by 400 metres (NS) grid across the entire project. The program, which will take two weeks to complete, will assist with the company’s understanding of Mulga Bill and future drill targeting. In addition, the high-resolution data is expected to provide valuable structural information, which will be particularly useful given the lack of detail in regional magnetic data. Forward plan Great Boulder is collaborating with Sensore to combine the Side Well gravity data with Sensore’s Tea Well gravity data immediately south of Side Well. Promisingly, this merged data will allow both companies to better understand the regional setting of their respective projects. The next round of RC drilling will continue targeting high-grade lodes through the central Mulga Bill area, with about 4,000 metres of drilling planned over the next three weeks. Immediately after that, the field team will return to Whiteheads to commence an aircore program on a range of regional gold targets. - Ephrems Joseph

Full Article