Great Boulder Resources ('Great Boulder' or the 'Company') (ASX: GBR) is pleased to provide an update on the Polelle Gold Project ('Polelle' or 'Project') near Meekatharra in Western Australia.
Great Boulder is currently exploring Polelle under an agreement with Castle Minerals Ltd (ASX:CDT) which gives GBR an option to acquire 75% of the project.
Great Boulder's Managing Director, Andrew Paterson commented: 'We completed four lines of drilling in two areas at Polelle based on heritage surveys by Castle Minerals in 2022. Unfortunately, that meant the program wasn't optimal in terms of our priority targets, but we confirmed very high levels of antimony and other pathfinders in both locations.' 'Antimony is one of our key pathfinder elements for orogenic gold deposits, and it confirms we're inside the mineralised system. We are planning a heritage survey shortly to clear the priority targets prior to our next drilling program.' 'In the meantime it's all systems go at Side Well, with AC and RC drilling testing a range of targets from Mulga Bill North down to the southern end of the project. The second half of the year is going to be extremely busy and we anticipate a lot of good news in the months ahead.' 45 AC holes were drilled for 1,764m during June testing areas in the northwest and on the eastern side of the Project, including one line across a possible splay off the Albury Heath Shear Zone. This splay lies on a contact zone between intermediate and mafic rocks.
Bottom-of-hole multi-element assays identified pathfinder anomalism, with antimony values ranging from 11ppm to 55ppm at Lordy Bore and antimony up to 12ppm accompanied by strongly elevated arsenic, copper, bismuth, tellurium, molybdenum and lead in the northwestern area near Bassett Bore. Some anomalous values were associated with a carbonaceous black shale that can have higher concentrations of pathfinder elements due to scavenging by the carbon. However a complex sequence of mafic to intermediate rocks proximal to this sequence was similarly elevated in some pathfinders and is a target for further exploration. Some anomalous values were associated with a carbonaceous black shale that can have higher concentrations of pathfinder elements due to scavenging by the carbon, however a complex sequence of mafic to intermediate rocks proximal to this sequence was similarly elevated in some pathfinders and is a target for further exploration
This announcement has been approved by the Great Boulder Board. For further information contact: Andrew Paterson Managing Director Great Boulder Resources Limited admin@greatboulder.com.au Media Lucas Robinson Corporate Storytime +61 408 228 889 www.greatboulder.com.au lucas@corporatestorytime.com
COMPETENT PERSON'S STATEMENT
Exploration information in this Announcement is based upon work undertaken by Mr Andrew Paterson who is a Member of the Australasian Institute of Geoscientists (AIG). Mr Paterson has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a 'Competent Person' as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (JORC Code). Mr Paterson is an employee of Great Boulder Resources and consents to the inclusion in the report of the matters based on their information in the form and context in which it appears. The information that relates to Mineral Resources was first reported by the Company in its announcement to the ASX on 17 November 2023. The Company is not aware of any new information or data that materially affects the information included in this announcement and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not material changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.
ABOUT GREAT BOULDER RESOURCES
Great Boulder is a mineral exploration company with a portfolio of highly prospective gold and base metals assets in Western Australia ranging from greenfields through to advanced exploration. The Company's core focus is the Side Well Gold Project at Meekatharra in the Murchison gold field, where exploration has defined a Mineral Resource of 7.45Mt @ 2.8g/t Au for 668,000oz Au. The Company is also progressing early-stage exploration at Wellington Base Metal Project located in an emerging MVT province. With a portfolio of highly prospective assets plus the backing of a strong technical team, the Company is well positioned for future success.
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