Bulletin Resources extends Nicolson’s

THE DRILL SERGEANT: Gold exploration play Bulletin Resources recently completed a program of RC drilling on its 100 per cent owned Nicolson’s gold project located near Halls Creek in northern Western Australia.
 
Two deep RC holes carried out by Bulletin have extended the high-grade Nicolson’s Footwall lode to a vertical depth approaching 300 metres.
 
Results from the final assays from the drilling at Nicolson Find have been received. Two of these holes, which targeted the down-plunge extensions of the recently discovered Footwall lode, intersected gold mineralisation including:

–    5 metres at 9.3 grams per tonne gold from 263 metres; and

–    5m at 7.4 g/t gold from 314m.

Bulleting considers these results have provided it with further confidence in the down-plunge continuity of the Nicolson’s deposit.

The company expects to complete further drilling on the Footwall lode as soon as it is able to have the RC rig returned to site.

This is currently anticipated to occur in early October.

Two additional lines of RC drilling were also completed north of the Rowdies deposit.

Rowdies is located approximately 800 metres south of the Nicolson’s pit and is one of several open pit resource targets along the main Nicolson’s host structure that have been subjected to limited testing so far.

Highlights from this drilling include:

–    4 metres at 27.5 grams per tonne gold from 57 metres; and
 
–    1m at 92.5 g/t gold from 57m;

“These highly promising down-plunge results provide us with even more confidence on the resource growth potential of Nicolson’s at depth,” Bulletin Resources managing director Marty Phillips said in the company’s announcement to the Australian Securities Exchange.
 
“The recent drill results from Rowdies and the adjoining Wagtail prospect continue to increase the likelihood for further high grade mineralisation at shallow depths. This will contribute valuable tonnages to our opening stockpiles at commissioning.”

Now that Bulletin has received all results outstanding from the recently completed drilling, the company has commenced work on updating its current resource model.

Bulletin said it expects the new resource estimate for the Nicolson’s project to be released in the first half of October.

Two drill rigs have been booked for the December quarter.

An air core rig will be used to continue the assessment of the open pit targets at Rowdies, Wagtail North and Wagtail deposits in addition to commencing the sterilisation drilling of the planned mine infrastructure and waste storage sites.