Great Boulder Ramps Up Drilling to Expand 1Moz Side Well Gold Resource

An announcement from Great Boulder Resources Ltd ( (AU:GBR) ) is now available.

Great Boulder Resources has restarted an intensive drilling campaign at its +1Moz Side Well Gold Project in Western Australia, deploying three rigs to drive rapid resource growth and advance development options. The program includes deep diamond drilling at the Mulga Bill deposit, where a recent intersection of coarse gold 250m below previous drilling highlighted significant high-grade potential at depth, and AC/RC drilling across the Central and Eastern corridors as well as the Flagpole and Ironbark areas. With 1.02Moz currently defined—61% in the Indicated category and 90% deemed suitable for open-pit mining, including a 642,000oz resource at Mulga Bill—Great Boulder is aiming to expand what it believes could become one of the largest gold endowments in the Meekatharra region, supported by strong planned news flow from more than 10,000m of drilling per month and strategic optionality from nearby processing infrastructure.

The most recent analyst rating on (AU:GBR) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Great Boulder Resources Ltd stock, see the AU:GBR Stock Forecast page.

More about Great Boulder Resources Ltd

Great Boulder Resources is an Australian gold exploration company focused on its flagship Side Well Gold Project near Meekatharra in Western Australia. The project hosts over 1 million ounces of gold resources across multiple deposits, including the high-grade Mulga Bill and associated Eaglehawk and Flagpole targets, and benefits from proximity to three nearby processing plants that provide potential third-party processing options alongside the possibility of a stand-alone development.

Average Trading Volume: 4,545,249

Technical Sentiment Signal: Buy

Current Market Cap: A$103.1M

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