ASX Company Announcement
1 of 2
Admiralty Resources NL
ACN 010 195 972
Level 14, 200 Queen Street
Melbourne VIC 3000
[t] +61-3-96701838
[f] +61-3-9670 1898
[w] www.ady.com.au
29 October 2007
Company Announcements Office
ASX Limited
20 Bridge Street
SYDNEY NSW 2000
2007 Soil sampling program at Bulman, NT Lead Zinc deposit reveals three new
anomalous zones in new exploration licence areas
Headline Summary
• Soil sampling on EL23814 has revealed three areas of high concentration of lead
(Pb) and zinc (Zn) in the soils, near dolomite outcrops.
• Rocks collected near the old workings returned assays of up to 35% Zn and 2.94%
Pb confirming the high grade nature of the deposit.
• Bulman 1 near the Gove Road had 4 occurrences of soil samples exceeding
25,000ppm Zinc.
Introduction
Bulman Resources Pty Ltd a 100% owned subsidiary of Admiralty Resources NL was granted
two exploration licenses in June 2007 to expand the exploration area it has in addition to
mineral leases 726 and 727.
Lease Holder Granted Date Expiry Date
EL 23814 Bulman Resources Pty Ltd 4/06/2007 3/06/2013
EL 25931 Bulman Resources Pty Ltd 4/06/2007 3/06/2013
MLN 726 Bulman Resources Pty Ltd 13/06/1955 31/12/2016
MLN 727 Bulman Resources Pty Ltd 13/06/1955 31/12/2016
The Board of Directors are pleased to announce that the soil sampling program recently
completed by Geos Mineral Mining Consultants has discovered three zones of mineralisation
previously not discovered.
The first of the anomalous zones runs between Bulman 1 and Bulman 3 where a definite trend
of anomalous Pb values was returned from both the laboratory assays as well as the XRF
readings. The second anomalous zone runs 800 metres northwest from Bulman 4 and
returned a number of samples assaying above 0.25% Zn. The anomalous zone (> 500ppm
Zn) is 400 metres wide and 800 metres long. A third anomalous zone is 500 metres east of
Bulman 4 where a sample returned an assay of 0.32% Zn and 0.15% Pb. Unfortunately, the
other samples around the area only returned weakly anomalous results but this could be due
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