Cullen Resources follows Rox example

THE DRILL SERGEANT: Cullen Resources (ASX: CUL) has followed the lead of its neighbour Rox Resources (ASX: RXL) to carry out digitizing and statistical analysis of historical lag and shallow drill sampling data for the company’s Mt Eureka project.

The company claims the exercise has revealed a number of notable nickel anomalies in the area adjacent to and along strike from Rox’s recent Camelwood nickel sulphide discovery at Fisher East.

 

Source: Company announcement

 

Cullen said the results of its compilation demonstrates two large nickel anomalies along the western ultramafic sequence as well as smaller nickel anomalies along the eastern ultramafic sequence in the southern part of the Mt Eureka project area.

“One anomaly is located along trend from the Silverbark VTEM conductor that was identified by Rox on the boundary between Rox’s property and Cullen’s ELA53/1637,” Cullen Resources said in its ASX announcement.

“It is notable that geochemical coverage is incomplete and much of the area in Cullen’s ground along trend from the Camelwood discovery remains untested by geochemistry.”

Cullen said it considers the existing geochemical results indicate the prospectivity of its property for nickel sulphide mineralisation.

The company indicated none of the nickel geochemical anomalies in the southern part of the Mt Eureka project area are yet to have been investigated using airborne EM, which was used by Rox when making the discovery of Camelwood.

“Cullen believes that both geological and geochemical evidence indicates that outstanding potential exists to locate massive sulphide bodies similar to Camelwood in the Mt Eureka project area,” the company said.

“Consequently, Cullen plans to commence a VTEM geophysical survey within the next fortnight.

“Coincident VTEM and geochemical anomalies will represent prime drill targets.”