|
 The
Cullarin Exploration Licence, EL 6292, is located about 20km due west
of Goulburn in south eastern New South Wales. In September 2006 a
Joint Venture agreement was signed between GCR and Tri Origin Minerals
Ltd (TRO). Since then TRO have earned a
62.5% interest in EL 6292 and are continuing to explore on the
tenement. It is expected that over the coming year
expenditure on
the property will reach a level at which GCR will dilute ownership in lieu of contributions.
Over
the past year Tri Origin completed a drilling program and
ancillary works on the Joint Venture area as follows;
- Completed
673m diamond drill hole
(CVTD001) at Cullarin Valley prospect.
- Completed
DHEM to 196m on CVTD001 (PVC
was collapsed at 196m).
- Completed
Fixed Loop EM survey in area
up dip and immediately north of CVTD001. Minor conductor located.
- Assaying of CVTD001.
Significant assays are as follows;
|
From
|
To
|
Int (m)
|
Au (ppm)
|
Ag (ppm)
|
Cu (%)
|
Pb (%)
|
Zn (%)
|
Total m sampled
|
|
411
|
414*
|
3
|
0.06
|
2.0
|
0.14
|
0.35
|
1.02
|
6
|
|
430
|
433
|
3
|
0.03
|
2.2
|
0.12
|
0.30
|
0.46
|
6
|
|
445
|
447*
|
2
|
0.04
|
0.9
|
0.14
|
0.23
|
0.37
|
3
|
|
469
|
471
|
2
|
0.02
|
1.1
|
0.02
|
0.22
|
0.40
|
9
|
|
509
|
533
|
24
|
0.14
|
2.6
|
0.05
|
0.73
|
1.72
|
36.70
|
|
incl.
509
|
513
|
4
|
0.55
|
6.3
|
0.12
|
1.82
|
5.19
|
|
|
incl.
525
|
529
|
4
|
0.10
|
3.0
|
0.06
|
0.87
|
2.09
|
|
|
608
|
619
|
11
|
0.06
|
2.2
|
0.02
|
0.21
|
0.45
|
13
|
|
635
|
641*
|
6
|
0.08
|
4.1
|
0.05
|
0.44
|
0.81
|
7
|
The
Cullarin Joint Venture area has demonstrated potential to host base and
precious metal deposits. Exploration in this area will be aimed at
scoping out
the Cullarin Valley gold-base metal deposits with
three RC-diamond tail holes followed by downhole EM.
Over
the coming year exploration will continue with a
review of all available data (especially geophysics) along
with reconnaissance mapping and sampling of selected targets.
|