Stratigraphic Diamond Drilling6 Sep 2012 08:56
Bullabulling Gold Limited Stratigraphic Diamond Drilling Underway
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Alert
TIDMBGL
RNS Number : 6344L
Bullabulling Gold Limited
06 September 2012
Bullabulling Gold Limited
6 September 2012 ASX Code: BAB, AIM Code: BGL
Stratigraphic Diamond Drilling Underway at Bullabulling
-- Two diamond holes planned to a minimum depth of 600 metres
-- Results have potential to significantly influence future exploration strategy and resource growth potential
-- Three specific structural features to be targeted:
o Bullabulling eastern fold limb - potential to host mineralisation analogous to the existing 3.2Moz resource in the western limb details of which are set out in the Company's Admission Document dated February 2012
o Disharmonic fold structures - identified as hosts of higher grade gold mineralisation within the region
o Vertical structures - interpreted to represent feeder zones with potential for remnant high grade mineralisation
Bullabulling Gold Limited is pleased to advise that deep diamond drilling has commenced at the Bullabulling Gold Project in Western Australia.
Two holes, each with a minimum depth of 600 metres, are planned in order to validate the three dimensional geological model that has been developed for the project area (see announcement dated 6 June 2012) and test three specific targets that were interpreted from the model. The main aim of the holes is to map in detail the geology and orientation of structures interpreted from the seismic data below and to the east of the current drill coverage.
The 3D modelling is considered to have identified the structural setting for gold mineralisation at Bullabulling and, if the current drilling supports this interpretation, it will have positive implications for future exploration targeting and the potential for increasing the Company's gold inventory in the region.
The indicated and inferred 3.2 million-ounce Bullabulling deposit has been interpreted to sit above and below an ultramafic unit on the western limb of a major anticline.