- Bulletin Resources (BNR) has identified two gold mineralised zones at the Lake Rebecca Gold Project in Western Australia
- The company recently undertook a nine-hole reverse circulation (RC) drilling program
- The drilling has extended the mineralisation at Rebecca at least 600 metres along strike and intersected up to 1.56g/t gold
- The second zone lies further north, and it was identified after drilling was undertaken to test the down-dip extensions of the mineralisation
- Bulletin has ended the day 4.23 per cent in the green with shares trading at 7.4 cents
Bulletin Resources (BNR) has identified two gold mineralised zones at the Lake Rebecca Gold Project in Western Australia.
The-172-square-kilometre Lake Rebecca Gold Project is situated 150 kilometres northeast of Kalgoorlie and lies along strike Apollo Consolidated’s (AOP) Lake Rebecca Project.
Following the recent sale of a portion of the project to Apollo for $5.6 million, Bulletin undertook a nine hole reverse circulation (RC) drilling program.
The drilling has extended the mineralisation at Rebecca at least 600 metres along strike and mineralisation remains open to the northwest.
Best results include 12 metres at 0.77g/t gold from 102 metres including three metres at 1.56g/t gold from 108 metres.
Pleasingly, these results are similar to the grade seen at the area sold to Apollo earlier in the year.
The second mineralised zone lies further north, and it was identified after two holes were drilled to test the down-dip extensions of previously defined mineralisation.
Drilling in this area returned a best result of three metres at 0.91g/t gold from 147 metres.
“Bulletin is again highly encouraged by these drilling results at Lake Rebecca,” Chairman Paul Poli said.
“It has confirmed our belief that our neighbour’s gold trend does extend well in Bulletin’s ground and continues to support our view that the Lake Rebecca gold project offers an excellent opportunity to host gold mineralisation in addition to the Rebecca gold trend,” he added.
Bulletin has ended the day 4.23 per cent in the green with shares trading at 7.4 cents in a $12.72 million market cap.