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Cullen Resources Ltd.
Summary
| Project: | Mt Eureka | |
|---|---|---|
| Deposit: | Mt Eureka | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-2-2018: Cullen Resources Ltd. announces an Exploration/Drilling Update report for its Mt Eureka deposit at the Mt Eureka project. Drilling results incl. 8m @ 0.16g/t Au from 56m. The Galway-Southern gold system was discovered in 2001 by air core drillin | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Chris Ringrose (Internal) | |
| ABSTRACT: | The Galway-Southern gold system was discovered in 2001 by air core drilling across a gold-in-lag anomaly. The mineralisation is concealed by 2-15m of transported cover, on the northern side of a major NW-SE alluvial channel and comprises an open-ended zone of discontinuous shears and contacts over a strike of ~1km. Cullen‟s “working model” is one of gold mineralisation controlled by stratigraphic N-S contacts, NE and NW faults and a set of felsic intrusives. Gold mineralisation is related to both supergene zones and high-moderate angle, sheared contacts of felsic volcaniclastics/intrusives with mafics/ultramafics. Several sub-circular features (magnetic low) have been interpreted by Cullen‟s geophysical consultants to be caused by hydrothermal alteration or underlying felsic intrusives. Air core and RC drilling to date have expanded the area of interest and refined the model of mineralisation. Numerous intersections of gold, several of high-grade, have been reported previously Cullen‟s reconnaissance air core drilling program was completed in December 2017 over those target areas which had been cleared by heritage surveys and outlined from a compilation of: recent aeromagnetic and ground magnetics interpretation, previous drilling, historical geochemistry, and the location of old workings and dry blowings to the north along the interpreted granite-greenstone contact zone. However, as mentioned, surface alluvium/colluvium in the target areas (2-15m thickness) preclude complete reliance on surface geochemical data. | |
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