Cullen Resources Limited (ASX:CUL) has received the assays for 579 auger samples collected on a 400 x 100 metre grid over a section of N - S trending stratigraphy within Barlee Project area in Western Australia.
According to the company, this 7kilometre x 4 kilometre target area has been interpreted from air magnetics data to include underexplored shear zones and numerous elongate and/or folded sections of greenstone in contact with granites, which it considers has the potential to host quartz gold lodes of the Penny-type.
This is the first systematic field test within the project area, which extends from 10-55 kilometres south-southeast of the Penny Gold deposit and the Youanmi greenstone belt towards the NW tip of the Marda-Diemals greenstone belt.
Sampling results highly encouraging
Cullen considers these first-pass auger sampling results to be highly encouraging, with three key target areas outlined for further investigation.
The company is currently negotiating a heritage agreement to allow for access development and required clearances for further exploration which would likely include field mapping, follow-up sampling and first pass air core drilling.
It considers these compiled geochemical, geophysical and regolith data as the key target areas identified with gold lode potential for further investigation.
Interpretation of air magnetics data, south east of the Youanmi greenstone belt.
Forward Plans
Cullen is currently negotiating a heritage agreement to allow for the development of access into the area for further exploration and plans to seek clearance for air core drilling traverses as planned along existing fence lines.
This work to be undertaken in conjunction with field mapping and follow-up sampling within the targets areas to prepare for later drill testing.