Bulletin posts positive drill results.

THE DRILL SERGEANT: Perth-based gold play Bulletin Resources has received initial results from the current 11,500 metre RC drilling program being carried out at the company’s wholly owned Nicolson’s Gold project near Halls Creek in Western Australia.

Drilling commenced at Nicolson’s in late April initially targeting interpreted north-plunging high grade lode extending below the former Nicolson’s Find open pit.

Assay results from the initial four holes, encompassing some 700 metres of drilling, have been received, which Bulletin says confirms the high grade historical results and supports the north-plunging interpretation of the lode.

Highlights of these results include:  4.0m at 11.8 grams per tonne gold; 3.0m at 8.5 g/t gold; 1.0m at 7.5 g/t gold; 2.0m at 7.2 g/t gold; and 1.0m at 8.3 g/t gold.
 
Bulletin designed the current drilling campaign to improve confidence in the current resource and identify near surface and depth extensions to the mineralisation.

The drilling is continuing at Nicolson’s Find and is expected to move into Nicolson’s South early next month.

“The initial results are encouraging, and while still in the preliminary stage, have already demonstrated potential extensions of the known mineralisation to the north,” Bulletin Resources managing director Marty Phillips said.
 
“The grades reflect the historical data we have on hand, and with drilling planned for the southern area, this presents an opportunity for significant upside in building Bulletin’s resource base beyond the current estimate.”

Bulletin Resources holds a 100% interest in the Nicolson’s Gold project which comprises a contiguous mineral tenement holding covering approximately 70 square kilometres in the Kimberley Region of WA.

The project is estimated to host an Indicated Resource of 787,900 tonnes at 5.05g/t gold for approximately 127,800 ounces of gold and an Inferred Resource of 234,200 tonnes at 5.54g/t gold for approximately 41,700 ounces of gold.