- Following the first phase of drilling, Cullen Resources (CUL) sees strong potential for gold mineralisation at its North Tuckabianna project in Western Australia
- Results from aircore drilling of three gold targets returned up to five metres grading 4.5 grams of gold per tonne from 70 metres downhole
- Although some drillholes didn’t return any intersections, CUL saw several low-grade gold anomalies and says there is potential for higher grade gold below the bedrock interface
- As such, further drilling is planned at depth and along strike of the recent intersections
- Company shares are trading 3.57 per cent in the green at 1.5 cents at 11:32 am AEST
Following the first phase of drilling, Cullen Resources (CUL) has seen strong potential for gold mineralisation at its North Tuckabianna project in Western Australia.
The gold and base metals project is 30 kilometres east of Cue in the Murchison Region.
Last month, the company completed 25 air core drillholes across the project to test portions of three stratigraphic-structural gold targets along the Tuckabianna gold trend.
Results from the first two targets returned two five-metre intersections on two traverses around one kilometre apart.
At the first target, drilling returned five metres at 4.58 grams of gold per tonne (g/t) from 70 metres downhole, while at the second target, 1.12 g/t was returned over five metres from 75 metres downhole.
However, two drill holes completed at the third target didn’t return any intersections, nor did two isolated holes which targeted structures.
Despite this, several low-grade gold anomalies grading between 0.1 and 0.7 g/t gold were intersected at the bedrock interface, which Cullen said indicates potential for higher grade gold mineralisation below the bedrock interface.
As such, further drilling is planned at depth and along strike of the recent intersections.
Company shares were trading 3.57 per cent in the green at 1.5 cents at 11:32 am AEST.