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GREAT BOULDER RESOURCES LIMITED — Capital/Financing Update 2019
Oct 22, 2019
64967_rns_2019-10-22_eb87dc2e-8b2a-44fe-adc3-9d1ec22ed5ca.pdf
Capital/Financing Update
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----- Start of picture text ----- ASX Announcement23 October 2019----- End of picture text -----
Drilling commences at Whiteheads
2,000m RC program underway on brownfields targets
Great Boulder Resources Limited [ASX: GBR] is pleased to announce that RC drilling has commenced at the Whiteheads gold project, 60km north of Kalgoorlie in Western Australia.
Having acquired an exploration option over the project with Zebina Minerals at the end of August the Company has moved quickly to commence exploration. The initial program will consist of approximately 2,000m of RC drilling on advanced prospects at Seven Leaders, Lady Betty and Whiteheads Find.
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FIGURE 1: RC DRILL CREW ON SITE AT WHITEHEADS.
The RC program should take two weeks, with assay results expected within three to four weeks of completion of drilling.
ASX Code: GBR Contact: Andrew Paterson, Managing Director E: [email protected] GREATBOULDER.COM.AU P: +61 8 6323 7800 PO Box 1565, Applecross 6953, Western Australia ABN 70 611 695 955
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“It’s good to have the rig turning at Whiteheads” commented Great Boulder’s Managing Director Andrew Paterson.
“We have a lot of field activity planned over the next few months to unlock the potential of this area. It’s an exciting project and I’m looking forward to receiving the assay results from this drilling.”
Further work:
Other work planned on the Whiteheads project includes:
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Structural mapping on the Whiteheads corridor;
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High-resolution dronemag (aerial magnetic geophysical) surveys over Seven Leaders, and over the Lady Betty to Whiteheads Find area; and
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Soil sampling at Painkiller
The Company is also reviewing historic soil geochemistry on the Arsenal trend in order to prioritise further auger sampling and/or aircore drilling.
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FIGURE 2: WHITEHEADS LOCATION MAP.
E: [email protected] GREATBOULDER.COM.AU ABN 70 611 695 955
ASX Code: GBR Contact: Andrew Paterson, Managing Director P: +61 8 6323 7800 PO Box 1565, Applecross 6953, Western Australia
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For further information contact:
Andrew Paterson Managing Director Great Boulder Resources Limited [email protected]
Media
For further information, please contact: Paul Armstrong Read Corporate +61 8 9388 1474
About Great Boulder Resources
Great Boulder is a mineral exploration company with projects in the Eastern Goldfields region of Western Australia. With a focus on base metals and gold, the Company has a range of projects from greenfields through to advanced exploration. With advanced copper-nickel-cobalt projects including Mt Venn and Winchester and the Whiteheads gold project plus the backing of a strong technical team, the Company is well positioned for future success.
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FIGURE 3: GREAT BOULDER PROJECTS
E: [email protected] ABN 70 611 695 955
ASX Code: GBR Contact: Andrew Paterson, Managing Director P: +61 8 6323 7800 PO Box 1565, Applecross 6953, Western Australia
GREATBOULDER.COM.AU