Annual report 2011 year ending 3 June 2011 EL 25931 Bulman Project

Abstract

EL 25931 consisting of 6 blocks was granted to Bulman Resources Pty Ltd on 4 June 2007 and expires on 3 June 2013. The Bulman tenements lie within the McArthur Basin. Soil sampling carried out on EL 25931 in 2010-11 indicated that the reported significant anomalous titanium reported in 2008 are a result from weathering of the dolerite and mechanical accumulation in wash and channel zones. Traverses across the Derim Derim Dolerite and Limmen Sandstone contact are significantly low in most elements. The most interesting geological feature noted was the haematitic - ferruginous fault breccia at the base of Limmen Sandstone bluff where a single XRF reading from the eastern end of the east-west traverse in the north of EL 25931 gave a result of elevated Pb in the thin limestone in contact with dolerite. EL 25931 is considered to have very limited potential to host Zn-Pb mineralisation. A small tonnage deposit of alluvial Ti is plausible from the central portion of the tenement though this is not considered to have a high probability. The only notable exploration target observed within EL 25931 is the fault breccia at the base of the Limmen Sandstone bluff which is considered to have low potential for gold mineralisation.