Great Boulder Resources (ASX:GBR) has announced an extension of the gold mineralisation strike length at the Golden Bracelet mine, part of the Side Well South Project in Western Australia. Recent reverse circulation drilling, comprising 23 drillholes across 3,100 meters, revealed promising results. Drillhole 25SWRC008 returned 9 meters at 2.28 grams per tonne gold from 35 meters, including a high-grade segment of 1 meter at 9.18 g/t gold from 36 meters. Additionally, the same drillhole showed 4 meters at 11.70 g/t gold from 116 meters.
The company believes that drillhole 25SWRC008 indicates a new lode of mineralisation. Future drilling programs are planned to further investigate and define the extent of this newly discovered zone. Concurrently, a small aircore program is underway near Mulga Bill, preceding a broader drilling initiative north of Eaglehawk. These drill fences aim to assess the overall scope of the Central Corridor’s northern end, where mineralisation, including the Mulga Bill and Eaglehawk deposits, spans over 6 kilometers. According to Managing Director Andrew Paterson, the Golden Bracelet mine demonstrates potential with over 200 meters of strike length, open to further expansion. Paterson highlighted the significance of near-surface gold deposits for potential early cashflow during the development of a large open pit at Mulga Bill.
