- Cullen Resources (CUL) has provided an update on its exploration work at its Wongan Hills and Barlee projects in Western Australia
- The materials stock has completed seven reverse circulation (RC) drill holes at Wongan’s Rupert and Wongan prospects, with samples now sent off for assays
- An electromagnetic (EM) survey is also being planned at Wongan’s Jackaby prospect, targeting nickel, copper and platinum group elements mineralisation
- In addition, follow-up mapping and rock-chip sampling is being carried out at Cullen’s Barlee Project, focussing on Penny West-type gold lodes
- The company also advises joint venture partner and fellow ASX-lister Rox Resources (RXL) is planning to drill at Mt Eurka in June
- Shares in Cullen Resources are down 21.4 per cent at 2.2 cents each
Cullen Resources (CUL) has provided an update on its exploration work at its Wongan Hills and Barlee projects in Western Australia.
The materials stock has completed seven reverse circulation (RC) drill holes at Wongan’s Rupert and Wongan prospects, with samples now sent off for assays.
So far, drilling has intersected mainly metapelites and metavolcanoclastics, with some mafic volcanics, cherts and several thin pyritic shales at unit boundaries.
The company said it will use pending assay data to further prioritise targets at Ruper and Wongan.
Meanwhile, an electromagnetic (EM) survey is also being planned at Wongan’s Jackaby prospect, targeting nickel, copper and platinum group elements mineralisation.
CUL said it’s been granted access to the site by landowners, and the survey will begin once an available contractor is secured.
In addition to the work at Wongan, follow-up mapping and rock-chip sampling is being carried out at Cullen’s Barlee Project.
The sampling is focused on areas of auger geochemical anomalies, targeting Penny West-type gold lodes.
Finally, the company advises joint venture partner and fellow ASX-lister Rox Resources (RXL) is planning to drill at the Mt Eurka Project in the June quarter.
A total of 240 air core holes will be drilled across the project, which Rox has the option of earning a 75-per-cent stake in.
Following today’s wide ranging exploration update, shares in Cullen Resources are trading down 21.4 per cent at 2.2 cents each at 12:49 pm AEST.