Annual report 2011 year ending 3 June 2011 EL 23814 Bulman Project

Abstract

EL 23814 of 77 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 23814 consisted of 189 XRF readings on soil and rock samples. Infill sampling was conducted over three recorded anomalous areas; the historic Bulman 1 mineralisation, 2008 drilling area (B1), and the CN (central north) fault zone. The discovery of a new low to moderate zinc anomaly associated with cross cutting NE trending interpreted structures along the western portion of the Bulman Fault is a significant discovery in that it is the first anomalism to be located outside of the historical sites. It indicates that there is good potential for further sites of interest and mineralisation to be discovered within unexplored areas of the Dook Creek Formation. The ridge and hill lines north of BEL001 and south of BEL009 have not been adequately tested by either XRF geochemistry sampling, rock chip geochemistry sampling, and more significantly not by drilling. Overall insufficient geological mapping has taken place to enhance the understanding of the lithological units within the Dook Creek Formation and the relationship to mineralisation to enable better drill hole targeting.