Bullabulling looking to expand eponymous Resource

/in /by

THE DRILL SERGEANT: Bullabulling Gold has received assay results from a completed program of infill drilling at the company’s Bullabulling gold project in Western Australia.

Bullabulling conducted the drilling targeting two areas where it was seeking additional information to finalise open pit designs for a prefeasibility study it currently has underway to evaluate development of the 3.4 million‐ounce Bullabulling gold project.

 

Drill hole collar locations with July 2012 holes shown in red. Source: Company announcement

 

The drilling from Bacchus East tested areas below the Bacchus Pit, where hole spacing was previously too broad to confirm geological continuity reported healthy intercepts including:

–    24 metres at 1.14 grams per tonne gold from 19 metres;

–    11m at 1.10g/t gold from 212m;

–    3m at 3.18g/t gold from 75m; and

–    5m at 1.59g/t gold from 48m.

“The results demonstrate down‐dip continuity of the footwall lodes in Bacchus East below the Bacchus Pit and confirm significant widths of higher grade mineralisation (+1g/t gold) remain open at depth,” Bullabulling Gold said in its ASX announcement.

“This is expected to lead to an expansion of the resource in this area.”

Drilling also tested a largely undrilled section of the corridor between the Hobbit and Dickson’s Prospects, which is traversed by the Great Eastern Highway.

Results from the two drill fences immediately adjacent to the road reserve indicate that mineralisation is sporadically developed in close proximity to the highway.

This drilling also returned encouraging results, including:

–    8m at 6.59g/t gold;

–    10m at 0.88g/t gold; and

–    8m at 1.53g/t gold.

“The drilling between Hobbit and Dickson’s has successfully demonstrated continuity of mineralisation along strike, albeit with some thinning evident immediately adjacent to the highway,” the company said.

“It is anticipated that this will expand the resource and increase the mining inventory within this area.

“An assessment of whether there is sufficient additional resource present to warrant relocation of the highway will be incorporated into the prefeasibility study.”