Great Boulder exercises option to lift Side Well Gold Project stake to 75%
The company has enacted the Side Well option 12 months early after intersecting bonanza-grade gold earlier this year. Phase 2 RC drilling is completed and another round of aircore drilling is well underway.
Great Boulder Resources Ltd (ASX:GBR) has exercised its option to acquire a 75% interest in the Side Well Gold Project in Western Australia from Zebina Minerals Pty Ltd.
Under the terms of an agreement signed in July 2020, Great Boulder had a two-year option to explore Side Well before deciding to acquire a 75% interest in the project.
The company has decided to exercise this option 12 months early after the Side Well project produced bonanza-grade gold results earlier this year.
Great Boulder Resources Ltd s gold story is only just beginning with focus on Side Well and Whiteheads
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