THE DRILL SERGEANT: Bulletin Resources (ASX: BNR) has defined numerous priority exploration target areas within the company’s 80 per cent-owned (20% Matsa Resources (ASX: MAT)) Lake Rebecca project outside Kalgoorlie in Western Australia.
Bulletin Resources identified the new targets by way of a recently commissioned geological and geophysical study of the Lake Rebecca project to identify and advance priority gold target areas after a recent buy of up of new land tenure.
A key outcome of the study was the identification of what has been informally named the Rebecca Complex geological unit.
Of note is that the new unit hosts all of the gold deposits of Bulletin’s neighbour, Apollo Consolidated (ASX: AOP), as well as Bulletin’s healthier drill intercepts of late.
This same unit is recognised in Bulletin’s ground both along strike of AOP’s deposits as well as further north.
“The abundance of targets generated from this study and recognition of extensive areas of prospective geology in Bulletin’s ground supports the Board’s view to progress exploration as quickly as we can,” Bulletin Resources chairman Paul Poli said in the company’s announcement to the Australian Securities Exchange.
“Bulletin looks forward to continuing work and finding success in this exciting area.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE