BULLETIN RESOURCES LIMITED - BULLETIN GROWS RESOURCE BASE AND TENEMENT POSITION
Bulletin Resources Limited (ASX BNR) ("Bulletin") is pleased to announce that it is has entered into two separate agreements:
- to acquire a 100% interest in Exploration Licence E80/2394 located south east of Halls Creek
- a 3 year contractual licence to explore Exploration Licence application E80/4599 when granted, with an option to acquire a 100% interest in the tenement
About Bulletin Resources
Bulletin Resources holds a 100% interest in the Nicolson's Gold project which comprises a contiguous mineral tenement holding covering approximately 70km2 in the Kimberley Region of WA. The project is estimated to host an Indicated Resource of 737,800 tonnes at 5.55g/t Au for approximately 131,700 ounces of gold and an Inferred Resource of 647,000 tonnes at 5.61g/t Au for approximately 116,800 ounces of gold (total of 1.38 million tonnes at 5.58g/t Au for 248,500oz Au). Also located on the project is a 120,000 tpa processing facility currently under care and maintenance. The principal objective of the company is to advance the project to the stage of decision to mine.
Competent Persons statement
The information in this table that relates to Nicolson's Gold project Mineral Resources is based on information compiled by Mr Ian Glacken, who is a Fellow of the AusIMM. Mr Glacken is a full time employee of Optiro Pty Ltd where he holds the title of Principal Consultant. Mr Glacken has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ` ustralasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Glacken consents to the inclusion in this table of the matters based on his information in the form and context in which it appears.
For further information, please read the full ASX Announcement by Bulletin Resources Limited: HERE