Great Boulder Resources Limited (ASX: GBR) - Discovery of a New Mineralised System - Ironbark

Rooster Talk Episode 59 is with Andrew Paterson, Managing Director of Great Boulder Resources Limited (ASX: GBR)

 

This is an update on the Side Well Project which is all about the recent drilling results with the discovery of new mineralisation at Ironbark.

 

Great Boulder Resources appear to have a mineralised province with Side Well as the system that is producing metals in Ironbark is distinctly different to what is happening at Mulga Bill. Andrew narrates us on why this appear to be the case.

 

Ironbark is 1.4km to the east of Mulga Bill. The the drilling results may be showing that there is a series of potential pods of mineralisation which will help the overall picture of potential for Side Well.

 

A intercept of 20m @ 3.05 g/t of gold should not be ignored. In any project, this is clear indication of mineralisation that is not isolated. In my opinion, the discovery of these kind of drill intercepts may be early indication of a level of gold endowment which would excite any company. The excitement stems from the fact that it is within a province that has already shown continuous mineralisation at Mulga Bill.

 

If you are isolated without Mulga Bill, you can be safe to question the potential. However, if you are in a decent system, you would expect numerous deposits nearby.

 

What is interesting with the results coming out from the announcements is that there is clear horizons where the gold is being identified.

 

There is clear indication that it is still early to make a decision of the future potential, but it is looking promising. The presence of copper at Mulga Bill and the lack (currently) of copper at Ironbark is determining the perception of difference at Side Well. It is this that should be noted for audiences.

 

 

Chapters:

 

00:00 Start

00:20 Introduction

00:55 Andrew update the Great Boulder Resources Limited

01:24 Is Ironbark similar to Mulga Bill?

02:50 Will the Ironbark mineralisation be a similar system to Mulga Bill?

03:24 Geologically, can multi system exist in a similar area?

05:44 Is multi system a good thing for Side Well?

07:00 Is the copper in Mulga Bill significant?

08:40 Is Great Boulder Resources feeling like Side Well will be a Mine?

10:28 Will Mulga Bill be a series of pits along strike?

11:29 Is the copper good or a bad thing for the project.

13:32 Mineralisation seem to happen in the same horizon.

14:31 Is IP the holy grail for Great Boulder?

16:27 Is geophysics being used more today than 20 years ago?

17:34 News flow for Great Boulder Resources Limited?

19:45 What does Andrew think of the current market sentiment?

22:37 Why this is a good time to look at good companies.

23:24 Andrews last words

23:46 Conclusions