What's Happening?
Great Boulder Resources has reported the discovery of visible gold at the Eaglehawk deposit within the Side Well Gold Project in Western Australia. The gold was found between 154m to 155m down-hole in drillhole 25EHRC024, with assays pending. This discovery is part of a larger reverse circulation drilling program, which includes 27 drillholes across 4,544m. The program aims to define resources within the Eaglehawk deposit and explore connections with the Mulga Bill area. The latest assays have shown promising results, including high-grade gold intersections, indicating the potential for further discoveries.
Why It's Important?
The discovery of visible gold at Eaglehawk is a significant development for Great Boulder Resources, potentially increasing the value and viability of the Side Well Gold Project. This finding could attract further investment and interest in the project, boosting the company's prospects and contributing to the local economy. The ongoing exploration and resource definition efforts demonstrate the potential for substantial gold reserves, which could enhance Australia's position in the global gold market. Successful development of the project could lead to job creation and economic growth in the region.
