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Cullen Resources Ltd.

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Summary

Project:

Wongan Hills

Deposit:Wongan Hills
Location:Australia
Commodities:Gold
Date:4/11/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:11-4-2019: Cullen Resources Ltd. announces an Exploration/Drilling Update report for its Wongan Hills deposit at the Wongan Hills project. Drilling results incl. 5m @ 0.34g/t Au, 0.82% Cu, 215ppm Bi from 55.0m. In January, Cullen completed first pass air
Resources:x
CP/QP:[Overall Report]: Chris Ringrose (Internal)
ABSTRACT:In January, Cullen completed first pass air core drilling (47 holes for 1,940m) that intersected a sequence of mafic rocks and metasediments overlain by buried laterite (ASX: CUL, 21 Feb 2019). Assays defined a significant copper +/- multi-element trend in weathered bedrock, open in both directions along strike and coincident with a trend of interpreted VTEM bedrock conductors (“Prospective Corridor”). ive air core holes for 290m (19WAC48-52) were drilled below some of the better copper anomalies from the January air core programme. Drilling was at a spacing of 20m or 40m on two lines 400m apart along strike, using a track-mounted rig (Edson 3000) with a 4 inch hammer. Penetration rate in fresh bedrock was very poor and not cost effective, thus limiting the scope of this programme (Table 1). As in the January programme, the drilling encountered transported clay, a buried laterite horizon (+/- pisolites) and saprolitic bedrock above fresh, variably laminated quartz-amphibole rocks (interpreted to be mafics and/or metasediments). The analytical results (Table 2), show anomalous copper >300ppm in 5m composite or 1m samples in each hole, with hole “19WAC48”, drilled within the Prospective Corridor, returning the most significant result: 5m @ 0.82% Cu, 0.34 g/t Au with 215 ppm Bi from 55-60m depth – composite sample. The VTEM response around this drill hole was modelled by Southern Geoscience Consultants (SGC) as a SSE striking, NNE steeply dipping conductor along ~150m of strike and from a vertical depth of 150m – this model is parallel to the strike of the Prospective Corridor and is a priority RC drill target. The magnetic model in this area, is slightly displaced from the VTEM model, with a similar strike and steep dip but from a shallow (~30m) depth

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