Drilling Targeted Significant Extension In WA Gold Project
Bulletin Resources Limited (ASX:BNR) has finalised its latest aircore drilling programme at the Lake Rebecca gold project, 150km east north-east of Kalgoorlie, Western Australia.
The Lake Rebecca gold project is immediately along strike of Apollo Consolidated Limited’s 1.1M oz Rebecca Gold Project.
The AC programme totalled 206 holes for 8,383m with drilling targeting fold structures and strike extensions of a 2.4km long gold trend identified in earlier lake drilling as well as a structurally complex thrust fault zone along a major north-south structure to the east. All significant mineralisation in the Lake Rebecca area appears to have a close association with folding or a structural event.
The drilling was designed to test for anomalous gold within regolith or weathered rock above basement rocks. This near surface gold anomalism may be indicative of potential gold mineralisation at depth. A similar near surface gold anomalism above AOP’s Rebecca gold deposit led to the discovery of the Rebecca gold deposit system. Basement rock types intersected were granodiorite, tonalite, ultramafics and amphibolite.
These lithologies are the same as those seen further south and in drilling along the Rebecca trend to the west. Average depth to basement was 41m with the overlying regolith comprising transported cover averaging 28m thickness and 13m of weathered saprolite. All samples have been sent to the laboratory in Kalgoorlie with results expected to be returned in August.
Background The Lake Rebecca Gold Project is approximately 150km east north-east of Kalgoorlie, WA and comprises five granted Exploration Licences over a 575 sq. km area. The two northern tenements of E28/2600 and E28/2635, totalling 170 sq. km are held in JV with Matsa Resources Ltd (BNR 80%: MAT 20%), whilst the remaining tenements are wholly owned by Bulletin.
The project is in the southern part of the Laverton Tectonic Zone, a regional scale shear/fault system that is one of the more productive gold zones in the WA Goldfields. The zone hosts the Sunrise Dam, Wallaby, Red October and Granny Smith gold camps. The tenements are adjacent to, and along strike of Apollo Consolidated Ltd (“AOP”) 1.1M oz Rebecca Gold Project.
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