Cullen Resources (ASX:CUL) Unveils New Gold Prospects in Yardilla Project
Project Overview
Cullen Resources (ASX:CUL) has outlined significant advancements in its Yardilla Project, spanning approximately 325 square kilometres. The project, located about 90 kilometres east of Norseman and accessible via the Eyre Highway, combines Exploration Licence Applications E63/2463 and E63/2487 to form a comprehensive exploration land package.
Gold Prospects
The Yardilla Project now includes two substantial gold prospects, Lila and Cleanthes, identified by gold-in-calcrete soil anomalies ranging from 14 to 86 ppb Au. Additional anomalies have been mapped at Lila West and Ten Mile Rocks using MMI and BLEG techniques. These four prospects form a target trend of approximately 25 kilometres, characterized by imbricate thrust sheets and cross-cutting faults at the Proterozoic and Archaean boundary.
Historical Exploration
Historical RAB drilling at Lila and Cleanthes intercepted multiple zones with gold grades exceeding 0.1g/t Au and several zones above 1g/t Au, along with anomalous levels of copper, silver, and tungsten. Lila West and Ten Mile Rocks remain untested by drilling, with all four anomalies open for further exploration.
Future Exploration
Cullen Resources plans to undertake follow-up AC/RC drilling, leveraging the geological model of the nearby Tropicana gold deposit. The company aims to conduct reconnaissance rock and soil sampling, mapping, and drilling once the exploration licences are granted. The excellent field access and network of tracks across the project area support extensive first-pass exploration.
Geological Significance
The Yardilla target trend’s geological setting is comparable to the giant Tropicana gold deposit, suggesting potential for significant gold discoveries. Thrust faults along the Proterozoic/Archaean boundary control the location of key soil anomalies, making the region a promising area for Cullen’s gold exploration efforts.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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