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Bulletin Resources Limited ( (AU:BNR) ) has shared an update.
Bulletin Resources has reported initial aircore drilling results from its Chifley Gold Project, where 11 holes totalling 797 metres were completed over a 1km by 1km soil gold anomaly in a favourable structural position along the Claypan Fault. Although most holes were stopped in thick transported cover, limited basement penetration and composite assays revealed weakly enriched gold values, up to 71 parts per billion, within lateritic and saprolitic lake sequence clays that may be derived from concealed basement mineralisation.
The company plans further drilling using a rig capable of fully penetrating the transported sequence to directly test the underlying basement for gold mineralisation. Management believes the observed gold enrichment in the lake sediments could serve as a vector toward hidden higher-grade zones, potentially opening a new exploration front at Chifley and enhancing the project’s prospectivity for shareholders if deeper drilling confirms significant mineralisation.
More about Bulletin Resources Limited
Bulletin Resources Limited is an Australian-listed mineral exploration company focused on gold projects, including the Chifley Gold Project within the Lake Rebecca area of Western Australia. The company targets structurally favourable terrains and soil anomalies to identify concealed gold mineralisation and build its resource base in a competitive gold exploration district.
Average Trading Volume: 384,739
Technical Sentiment Signal: Sell
Current Market Cap: A$12.63M
For detailed information about BNR stock, go to TipRanks’ Stock Analysis page.