The Company owns 100% of the Jundee South Project which was privately held for over 10 years and was acquired by the Company in May 2016. A previous holder of the Jundee South Tenement retains a 0.5% net smelter return royalty on any gold produced from the project.
The host stratigraphy of the Jundee gold deposits and its mineralising structures extend southwards through the area of the Company’s Jundee South Project. Multiple structures analagous to those at the newly discovered Ramone deposit (Northern Star Resources) are interpreted from geophysical and mapping data providing exciting new exploration targets.
The Jundee South Project has been subject to limited (and mostly ineffective) previous exploration. Field mapping, re-processing of geophysical data and evaluation of previous drilling has generated a new geological model, with several new gold targets identified within Great Boulder’s Jundee South project.
Great Boulder has recently undertaken auger geochemistry to test for gold anomalism associated with the Jundee Dolerite on its tenement. The auger program is designed to test priority targets along the Jundee Dolerite on an 80m x 40m grid. The close-spaced auger is required as Jundee-style mineralisation is typically narrow, high-grade gold with only a moderate alteration signature away from the main mineralised lodes.
Final assay results are expected shortly, after which Great Boulder will plan follow-up aircore drilling to test surface gold anomalies detected from this first-pass auger sampling.