- Bulletin Resources (BNR) has announced that it will be starting a new drill program at the Lake Rebecca gold project in Western Australia
- Recent drilling by Bulletin has confirmed that mineralisation from Apollo’s Lake Rebecca project extends north into Bulletin’s ground
- This new drilling program will consist of up to 15 holes and test extensions from previous mineralisation further to the north and east of historical drilling
- Bulletin has ended the day up a steady 15.4 per cent and shares trading for six cents each
Bulletin Resources (BNR) has announced that it will be starting a new reverse circulation (RC) drill program at the Lake Rebecca gold project.
The 172 square kilometre Lake Rebecca Gold Project is located 150 kilometres northeast of Kalgoorlie in Western Australia and it is located along strike from Apollo Consolidated’s (AOP) own Lake Rebecca project.
Recent drilling by Bulletin has confirmed that mineralisation from Apollo’s Lake Rebecca project extends north into Bulletin’s ground.
This program intersected results of one metre at 19.1g/t gold and nine metres at 1.41g/t gold.
This new drilling program will consist of up to 15 RC holes, for 2700 metres, to test extensions from previous mineralisation further to the north and east of historical drilling.
Recently reported drilling results from Apollo, which returned five metres at 5.59g/t gold and 10 metres at 7.68g/t gold, were intersected only 120 metres south of Bulletin’s Lake Rebecca tenement.
This result provides strong encouragement that high-grade mineralisation from Apollo’s project area may extend into Bulletin’s.
“We believe our Lake Rebecca gold project offers an excellent opportunity to host gold mineralisation and its proximity to Apollo Consolidated’s Rebecca gold project reinforces this belief,” Chairman Paul Poli commented.
“Bulletin’s recent expansion of its holding in the Lake Rebecca area to 576 square kilometres confirms our view that there are additional gold targets in the tenement package,” he said.
“We will continue to work towards developing and testing those targets,” he added.
Bulletin has ended the day up a steady 15.4 per cent and shares trading for six cents each in a $9.323 million market cap.