WANGANOO PROJECT
The Wanganoo Project (E53/988) is located in the central portion of the Wanganoo Greenstone Belt approximately 125 kilometres south east of Wiluna in the Laverton Sub-province of the North Eastern Goldfields of Western Australia. Cullen Resources ("Cullen"), as manager of the joint venture, has completed a detailed assessment of the nickel and gold potential of the area and has concluded that it has a very favourable geological and structural setting for gold mineralization.
Work completed during the year includes a detailed review, desk top study and field inspection by a consulting group that concluded substantial komatiite horizons indicated by previous drilling were favourable for nickel sulphide accumulations. Cullen completed a programme of aircore and RAB drilling to obtain regolith, bedrock and geochemical data which would assist with the geophysical interpretation of the prospect. Significant drill intersections included a 5 metre interval with elevated nickel and copper values (up to 2,756 ppm nickel and 313 ppm copper).
A ground electro-magnetic (EM) survey completed earlier identified two conducive targets with prospective ultramafic units. The survey targeted a 4 kilometre long trend of ultramafics with E 53/988, where strong nickel (to 6,405 ppm) and copper (to 3,525 ppm) anomalies from previous RAB traverses occur on contact komatiite positions. Cullen attempted to drill these targets during the December 2006 quarter, however the drill rig was unable to reach the targets due to drilling conditions.