Bulletin recommences Lamboo drilling

THE DRILL SERGEANT: Bulletin Resources (ASX: BNR) has recommenced drilling at the company’s Lamboo project near Halls Creek in Western Australia.

Drilling will be carried out to expand the resource extending below the Nicolson’s Find and Nicolson’s South open pits lateral to the company’s planned underground development for the project.

 

Long projection of Nicolson’s resource outline with planned
underground development and drilling target areas. Source: Company
announcement

Drilling is also planned to test the depth potential of the Nicolson’s North prospect and the interpreted host structure linking the Wagtail South and Wagtail North resources.

“Following our successful capital raising, Bulletin is pleased to have recommenced drilling on its key resource growth targets,” Bulletin resources managing director Martin Phillips said in the company’s announcement to the Australian Securities Exchange.
 
“The primary objective of the current program is to expand the underground resource at Nicolson’s as well as investigating the depth potential of the Wagtail and Nicolson’s North deposits.”

An independent study was recently completed at Lamboo by Optiro, which estimated the total potential of all exploration targets within the project at approximately 4 to 7 million tonnes containing 0.7 to 1.1 million ounces at an average grade of 5.2 to 5.4 grams per tonne gold.

“The other exploration targets identified in Optiro’s study are planned to be progressively tested in 2013,” Phillips said.