All posts by Editor

VTEM Survey identifies multiple conductors, Mt Eureka Project

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Highlights:

  • Cullen Resources Limited (Cullen) is pleased to announce that preliminary interpretation of a recently completed airborne EM
    geophysical survey (VTEM) indicates multiple bedrock conductive zones in the southern part of its Mt Eureka Project*
    (see Figures 1-3);
  • The conductive zone which hosts the Camelwood nickel sulphide discovery of Rox Resources Limited (Rox), continues
    on-strike into Cullen’s recently granted E53/1637 tenement for about 1.3km;
  • There are three, first order bedrock conductive anomalies/trends with no previous nickel exploration or drill testing; and,
  • Prospecting of these conductors and planning for follow-up ground EM surveying will commence immediately.

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Camelwood Exploration Update

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Highlights:

  • RC hole MFEC010 returns 22m @ 1.4% Ni from 118m, including 9m @ 2.0% Ni from 119m
  • Further RC drilling has extended the strike length of mineralisation to at least 700m
  • Diamond drilling continues to intersect massive and disseminated sulphides
  • Ground EM results indicate strong conductors at depth north of Camelwood
  • Down-hole EM results indicate stronger conductors below current drilling
  • RC and diamond drilling ongoing

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Drilling Update

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Highlights:

  •  First two new RC holes at Camelwood intersect sulphide mineralisation
  •  Sulphide mineralised system extended a further 100 metres north and south from previous drilling indicating a strike length of at least 500 metre
  • Diamond drilling underway

 

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Capital Raising

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Highlights:

  • Rox successfully raises $4.95M through a Share Placement. Welcomes strong support from existing and new shareholders
  • Funds to be primarily used to pursue drilling programs at Fisher East nickel sulphide discovery

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