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Cullen Resources (ASX: $CUL) defines two strong IP chargeability anomalies

Cullen Resources (ASX: $CUL) Exploration Update - April 2024


Cullen Resources Limited (ASX: $CUL) has announced the identification of two significant chargeability anomalies at the Wongan and Rupert prospects in Wongan Hills, Western Australia. The anomalies were defined through a trial 2D DDIP (Two-dimensional Dipole-Dipole Induced Polarisation and Resistivity) surveying program. The anomalies are positioned at 463200mE at Wongan and 466600mE at Rupert, and are considered prime targets for further exploration. The company is now planning for initial drill testing, with RC drilling anticipated to reach depths of 200-250m.

Executive Commentary


The trial 2D DDIP surveying has provided valuable insights into the presence of significant chargeability anomalies at the Wongan and Rupert prospects. These anomalies, located in favorable geological settings, present promising targets for further exploration. We are now in the process of planning initial drill testing, which we anticipate will provide further clarity on the potential of these anomalies. The identification of these anomalies marks a significant milestone in our exploration efforts and underscores our commitment to advancing our projects in line with our strategic objectives.

Exploration Update Summary


Cullen Resources Limited (ASX: $CUL) has successfully defined two strong IP chargeability anomalies at the Wongan and Rupert prospects in Wongan Hills, W.A. The anomalies, identified through a trial 2D DDIP surveying program, are positioned at 463200mE and 466600mE, respectively. These anomalies are considered prime targets in favorable geological settings, and the company is now planning for initial drill testing using RC drilling with holes anticipated to reach depths of 200-250m. The identification of these anomalies marks a significant milestone in Cullen's exploration efforts and reflects the company's commitment to advancing its projects in line with its strategic objectives. The upcoming drill testing is expected to provide further insights into the potential of these anomalies and contribute to the company's ongoing exploration and development initiatives.

CULLEN RESOURCES LIMITED
CUL | ASX | Materials
0.0070(+0%)
At close 05/07 (AEDT)
Market cap
$4.0M
Volume
0
DY Yield
0
PE Ratio
0
52 Week Range
0 - 0.012
1YR Return
0%

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