Barlee project. Source: Cullen Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Cullen Resources (CUL) completes a 54-hole reconnaissance aircore drilling program at the Barlee project in WA
  • The project covers 450 square kilometres and lies south-southeast of the Penny Gold deposit and the prospective Youanmi greenstone belt
  • Results include six parts per billion gold, 0.45 parts per million (ppm) silver, 133ppm lead and 987ppm nickel
  • Cullen plans to conduct follow-up drilling to target high-grade gold lodes and is also waiting on assays from recent soil sampling in the area
  • Company shares have been trading steady at 1.7 cents

Cullen Resources (CUL) has completed aircore drilling at its Barlee project in Western Australia.

The Barlee Project is considered to be a “greenfield” project area that covers 450 square kilometres extending from 10 to 55 kilometres south-southeast of the Penny Gold deposit and the Youanmi greenstone belt towards the northwest portion of the Marda-Diemals greenstone belt.

The reconnaissance aircore drilling included 54 holes, for roughly 2100 metres, and aimed to confirm the presence of interpreted prospective greenstone stratigraphy, lithologies and preliminary bedrock geochemistry.

Assays from the program included six parts per billion gold, 0.45 parts per million (ppm) silver, 133ppm lead and 987ppm nickel in four-metre composites.

Cullen said the results were ‘highly encouraging’ considering the wide-spacing of the drill holes.

The company will carry out follow-up exploration following heritage clearances and access development. Drilling will target high-grade gold lodes and focus on sheared greenstone-granite contacts.

It has also recently completed soil sampling to the north of the project and assays are pending.

Company shares were trading steady at 1.7 cents at 1:07 pm AEDT.

CUL by the numbers
More From The Market Herald

" Live Verdure (ASX:LV1) partners with TruLife for US distribution

Food, skincare and nutraceutical company Live Verdure (ASX:LV1) has entered a non-executive national sales and distribution…
SECOS Group (ASX:SES) - CEO, Ian Stacey

" SECOS (ASX:SES) launches MyEcoBag and MyEcoPet through Pacchini

Sustainable packaging company, SECOS (ASX:SES) has launched MyEcoBag and MyEcoPet through Pacchini Sales and Distribution to…

" Solis Minerals (ASX:SLM) kicks off drilling at Mostazal copper project

Newly listed Solis Minerals (ASX:SLM) has hit the ground at its Mostazal copper project in Chile…
Argenica Therapeutics (ASX:AGN) - CEO, Dr Liz Dallimore

" Argenica Therapeutics (ASX:AGN) determines safe starting dose level for ARG-007

Argenica Therapeutics (ASX:AGN) determines safe starting dose level from toxicology and genotoxicity studies