www.auzex.com
Auzex Resources (ASX:AZX) major project is the 50%-owned Bullabulling gold project, located 65km from Kalgoorlie in Western Australia. The project area has a proven history of discovery and new exploration techniques are leading to new discoveries.
Auzex Resources kicks off drilling at Bullabulling JV Gold Project
Auzex Resources (ASX: AZX) has commenced a diamond drilling program at the Bullabulling Gold Project in Western Australia to intersect known mineralisation over a 2.5km portion of the Bullabulling Trend between the Bacchus and Phoenix pits.
Bullabulling, in the Yilgarn Craton gold province, has an established resource of 9.3M tonnes at 1.4g/t gold for 431,600ozs.
Drilling at Bacchus previously intersected gold mineralisation with intercepts of 7m @ 77g/t Au, 5m @ 14g/t Au, 4m @ 5.08g/t Au, 3m @ 4.43g/t Au, and 3m @ 9.16g/t Au beneath the existing Bacchus Pit.
The company said this mineralisation remains unmined and is not included in the current JORC resource estimate.
Seven drillholes are planned totalling 1,432m and will provide detailed structural information related to grade and "allow detailed geological data to be collected from the hanging wall through to the footwall of the Bullabulling shear zone, which is approximately 500m wide."
John Lawton, managing director, said all drillholes have the potential to not only intersect critical geology but also significant mineralisation that is not included in the current resources.
The first assays from the first hole, after core cutting and logging, are expected to be available in two to three weeks time.
Bullabulling is a 50:50 joint venture with Central China Goldfields (AIM: GGG). CCG paid a $500k option fee plus $2.5M for a 50% stake.


















