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Cullen Resources: Graphite prospectivity at TL the target of exploration

Posted by AGORACOM-JC at 11:00 AM on Friday, June 8th, 2012

Cullen Resources (ASX: CUL) is well positioned to follow up on graphite prospectivity within the TL Property in Canada, amid ongoing base metal exploration.

An exploration program is planned for the current field season to follow up on sulphide and graphite zones at TL, and will comprise mapping, sampling and diamond drilling.

Trenching carried out at TL in 2011 has exposed graphite-bearing schists and graphitic-sulphidic masses, which include coarse-grained “flake” graphite.

The trenching program also returned base metal mineralisation, with up to 3 metres at 8.98% zinc from channel samples, along with highly anomalous molybdenum and rhenium and anomalous copper, bismuth, nickel, tin and tungsten.

A helicopter borne electromagnetic survey has identified a strong 6 kilometre long conductor beyond the trench site.

Given that graphite is known to be highly conductive and is a common source of airborne electromagnetic anomalies, this could represent a mixed sulphide/graphite bearing rock unit.

Cullen Resources is earning up to an 80% interest in the TL Project, which is located in southeast British Columbia.

The company also intends to review opportunities for graphite exploration in its regions of activity, with the potential to expand its portfolio.