Great Boulder identifies new gold targets near Ironbark

–News Direct–

Great Boulder Resources Ltd (ASX:GBR) MD Andrew Paterson tells Proactive the company is looking at a suite of new targets at the Side Well Gold Projects Ironbark prospect in WA just days after it resumed an aircore campaign.

A recent sub-audio magnetics (SAM) survey executed over a 2-kilometre zone at the heart of Ironbarks 87,000-ounce gold deposit suggests potential for strike extensions to Ironbarks northeast.

The SAM survey the first of its kind at Side Well had supplied plenty of useful data as the company closed in on its best drill targets.

The conductivity data shows Ironbark mineralisation sits in a resistive zone adjacent to a linear conductor which is probably a shear zone, he explained.

The images also confirm our theory that Ironbark is offset to the north by a cross-cutting fault, with potential for strike extensions to the northeast.

Secondly, we have identified an unexplained and untested conductor northeast of Ironbark that may be caused by sulphides. We plan to test that with a small aircore program in the near future.

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

Jonathan@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/great-boulder-identifies-new-gold-targets-near-ironbark-798750226

Great Boulder Resources Ltd

COMTEX_436663980/2655/2023-07-10T16:59:55