- Bulletin Resources (BNR) has tripled the size of its Lake Rebecca Gold Project after purchasing additional land
- The company has purchased land for $300,000 from Encounter Resources
- Additionally, Bulletin aims to buy over 200 square kilometres of land to the south of Lake Rebecca
- The company will commence targeting activities to prepare for an upcoming drilling program
- On market close, Bulletin is up 11.8 per cent on the market and is selling shares for 1.9¢ per share
Bulletin Resources (BNR) has tripled the size of its Lake Rebecca Gold Project after purchasing additional land.
The company has purchased land to the south of the project for $300,000, which now brings its holding to 576 kilometres squared.
The new tenements were purchased from Encounter Resources (ENR).
Bulletin has also lodged an application for more land to the south of the project. This land will add an additional 207 kilometres squared to Lake Rebecca.
Lake Rebecca is located approximately 25 kilometres from the historic gold town Pinjin, in the Eastern Goldfields Province, near Kalgoorlie in Western Australia.
The project is located in the southern part of the Laverton Tectonic Zone.
The Laverton Tectonic Zone is a prolific gold district that hosts major gold mines, which include Sunrise Dam, Wallaby Lancefield and Granny Smith.
Bulletin says despite the new tenements located near significant gold resources, the land has had little historical attention.
The company will commence targeting activities to prepare for an upcoming drilling program.
Chairman Paul Poli says bulletin is continuing to build its gold portfolio.
“Our belief is the Lake Rebecca area has strong potential to uncover new deposits in this underexplored area and we will work towards realising its potential,” he said.
“Prudent acquisitions in the Lake Rebecca area, as well as other parts of Western Australia, remain a priority for Bulletin,” he added.
On market close, Bulletin is up 11.8 per cent on the market and is selling shares for 1.9¢ per share.