More high-grade gold builds Great Southern WA gold story

Assays are pending for another 3425m from 39 holes at Golden Boulder, covering much of the remaining 2.5km of the Main Line trend. A further 2248m from 18 RC holes is awaiting results at Amy Clarke, an emerging discovery 3km north-east of Golden Boulder where shallow mineralisation has been traced across 4.7km.

The Golden Boulder area is steeped in history, with more than 50 mine shafts left by old-timers dotted across a 3.7km strike length. Old-timers reportedly pulled out 1761 ounces of gold from 1915 tonnes of ore between 1900 and 1955 at a remarkable average grade of 28.6g/t.

Golden Boulder is one of several Duketon targets Great Southern is testing as it builds a broader gold inventory. Amy Clarke is another emerging discovery, while Goldfinger is an additional target within the company’s 100 per cent-owned holding.

Nearby, Regis Resources has defined more than 7.5 million ounces just north of Great Southern’s tenure, including the two-million-ounce Rosemont deposit and the five-million-ounce Garden Well mine. Golden Boulder sits 26km from Rosemont and 14km from Regis’ Garden Well mine and processing facility. With gold commanding around US$4142 (A$5943) an ounce, a sizeable system near established roads and processing infrastructure could carry real strategic weight if drilling confirms its scale.

With high-grade gold consistently being hit from surface and a 3.5km mineralised corridor wide open at depth, Golden Boulder has plenty of room to grow. Upcoming assays and the next phase of drilling could now determine whether it can earn its place as a genuine Duketon gold system.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au