good announcement

NEAR COOLGARDIE DISCOVERS HIGH-GRADE GOLD LODE BELOW OLD WORKINGS
Cullen Resources Limited is pleased to announce the results of an initial RC drilling programme (12 holes for 1024m) completed at its Coolgardie Gold Project (option to purchase M15/237,128, P’s15/4570-4572 and 15/4593, and MLA 15/876) – see Figures.
Cullen’s results include - all in “Hole 1”:
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5m @ 2.72 g/t Au from 60m;
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3m @ 60.6 g/t Au from 69m (including 1m @ 173 g/t Au);
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13m @ 1.91 g/t Au from 96m; and,
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4m @ 1.26 g/t Au from 126m to end-of-hole
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testing below an historical intersection of 4m @ 3.5 g/t Au in “BEX 13”;
and in “Hole 12”, testing the same lode 40m along strike to the south west:
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4m @ 6.00 g/t Au from 92m, and
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3m @ 2.53 g/t Au from 111m
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beneath an historical intersection of 7m @ 4.88g/t Au in “BEX 11”.
These results, showing gold mineralisation related to quartz veining and sulphidic porphyry and dolerite, underline significant potential for high-grade, lode-style mineralisation within the Melanie Anne prospect area (M15/237) – see Figures.
Cullen also completed two holes from the floor of the southern limit of the A-Cap open pit (from where it has been reported that ~190,000t of ore at 1.8 g/t Au for 11,000 ozs was produced in the mid-1980’s). The pit extends to approximately 10m depth, from where Cullen’s drilling intersected:
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9m at 3.27m from 27m in Cullen Hole 10, and
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3m @ 5.10 g/t Au from 30m in Cullen Hole 11
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Unit 4, 7 Hardy Street
South Perth | Western Australia 6151
Telephone: +61 8 9474 5511 | Facsimile: +61 8 9474 5588
E-mail: [email protected]
Website: www.cullenresources.com.au
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These results strongly suggest that potential for porphyry-hosted, quartz vein and stockwork mineralisation exists at A-Cap (M15/128) below the previously mined surface.
Cullen's initial test of the north eastern portion of Melanie Anne Lode 1 - a parallel lode to Melanie Anne Lodes 2 and 3 - returned minor gold mineralisation (best 3m @ 1.02 g/t Au) and may not have gone deep enough. Cullen's traverse of four holes across the "McPherson's Reward porphyry" - along strike some 500m to the south west of the A-Cap pit (Cullen Holes 6 - 9) - did not return any significant intersections (see Table).
Historical, high-grade Au intersections at Frank’s Find were not tested by Cullen in this first pass due to pending DOIR access approvals. There also remains scope to test a further 1km of strike of porphyry to the south of existing drilling within M15/128 which is only lightly explored to date.
IN SUMMARY:
First-pass drill results strongly suggest potential for:
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high-grade, lode-style mineralisation at Melanie Anne, and;
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porphyry-hosted quartz vein/stockwork mineralisation at A-Cap
Further drill testing of these targets and of the deeper portions of the Melanie Anne lodes is planned.
Dr Chris Ringrose
Managing Director
+61 8 9474 5511