CUL 0.00% 0.5¢ cullen resources limited

Exploration Permit Application, page-3

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    Cullen has applied for pretty much everything North of the below -

    28 August 2009 Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000 WONGAN HILLS JOINT VENTURE HIGHLIGHTS  Joint venture ground located adjacent to the extensive Ninan System of copper-gold mineralisation with encouraging drill hole intercepts.  The adjoining Mystery lead-zinc (gold-arsenic-tungsten) anomaly carries pathfinder geochemistry indicative of Volcanogenic Massive Sulphides.  Host sequences are Archaean greenstones and have gold prospectvity.  Incoming party, Quadrio, can earn 80% by the sole expenditure of $400,000 with Red River then at 15% and Iron Mountain at 5% equity respectively. Red River Resources Limited (ASX:RVR, “Red River”) is pleased to announce that, in conjunction with Iron Mountain Mining Limited (ASX:IRM, “Iron Mountain”), it has entered into a Joint Venture with Quadrio Resources Pty Ltd (“Quadrio”), a subsidiary of Dominion Mining Limited (ASXOM, “Dominion”), whereby Quadrio can earn an initial 80% equity in exploration licences E70/2437, E70/2443 and E70/2728 by the expenditure of $400,000. Should this expenditure be completed, the respective equities of Red River and Iron Mountain in the joint venture will be 15% and 5%. The southern, most prospective, part of the joint venture adjoins E70/2343 where exploration work by Dominion has delineated numerous copper and gold drill hole intercepts in the Ninan Cu-Au System (see Figure 1) as well as the Mystery leadzinc anomaly which has coincident Au, As and W anomalism and which is elevated in Volcanogenic Massive Sulphide pathfinder elements Indium (In), Bismuth (Bi), and Antimony (Sb). The Ninan and Mystery mineralised zones can be interpreted to occur in a prospective mineralised corridor that extends into the Joint venture tenements. Drill hole intercepts in the Ninan system include:  44m @ 0.75% Cu from 36-80m incl. 5m @ 3.79% Cu & 1.87g/t Au from 75-80m (EOH).  26m @0.72% Cu  42m @ 0.40% Cu  6m @ 1.4% Cu. The host rock sequences are Archaean greenstones and therefore also hold gold potential.



    This from Dominion in 2005

    Significant shallow gold mineralisation also intersected.

    Intersections include :- 3m @ 1.83 g/t Au. 6m @ 1.01 g/t Au. 15m @ 2.06 g/t Au  (including 3m @ 6.27 g/t Au.) and 24m @ 1.17 g/t Au (including 3m @ 6.66 g/t Au.).

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