- Cullen Resources (CUL) intersects regolith gold anomalies at its North Tuckabianna Project in the Murchison region of Western Australia
- Results from 30 air core holes completed last month returned best results of 3 metres at 0.13 g/t gold from 60 metres and 4 metres at 0.07 g/t from 52 metres down hole
- A compilation of historical and recent drilling has also identified four stratigraphic-structural target trends totalling about 10 kilometres in strike
- Cullen plans to undertake follow-up infill air core and deeper reverse circulation drilling to test these targets which lay undercover and below regolith, palaeochannel depth
- Shares have been trading 6.2 per cent lower at 1.5 cents
Cullen Resources (CUL) has intersected regolith gold anomalies at its North Tuckabianna Project in the Murchison region of Western Australia.
The project, 30 kilometres east of Cue, is said to be prospective for gold and base metals.
Air core drilling was completed last month with 30 drill holes completed to test the nature and thickness of transported cover and below the bedrock interface along prospective structures and lithological contacts.
Based on the latest results, drilling intersected regolith gold anomalies along sheared, lithological contacts at two targets along a northeast-southwest corridor.
Best results included 0.13 grams per tonne (g/t) gold from 60 metres and four metres at 0.07 g/t from 52 metres down hole.
Previous exploration has returned extensive shallow, vertical rotary air blast or air core holes that either did not penetrate beneath transported cover or penetrate below first drill refusal depth.
By compiling historic and recent drilling data, has identified four stratigraphic-structural target trends totalling about 10 kilometres in strike, lying undercover and below regolith palaeo-channel depth.
Cullen plans to follow up these targets with infill air core and deeper reverse circulation drilling.
Follow up drilling is also planned to assess elevated silver values noted in the area tested north of Cyprium Metals’ (ASX:CYM) Hollandaire copper-gold resource where geological interpretation suggests a target corridor may trend east-west and plunge south.
Company shares were down 6.2 per cent, trading at 1.5 cents at 1:41pm AEDT.