Under-Explored Killaloe Project Shows Promising Gold Potential but Faces Key Tests

Lachlan Star and Cullen Resources report promising initial gold assay results from reconnaissance drilling at the Killaloe Project near Norseman, WA, highlighting new mineralised structures and potential for further discoveries.

  • Significant shallow gold intercepts identified in early Aircore and RC drilling
  • New open-ended gold-bearing structures discovered adjacent to Duke main trend
  • Killaloe Project remains under-explored within a prolific Eastern Goldfields region
  • Follow-up drilling programs planned to extend and infill promising targets
  • Cullen holds 20% interest with free carry to decision to mine in the JV
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Early Drilling Highlights Emerging Gold Potential

Lachlan Star Limited, managing the Killaloe Joint Venture where Cullen Resources holds a 20% stake, has revealed encouraging early-stage gold assay results from reconnaissance Aircore (AC) and Reverse Circulation (RC) drilling at the Killaloe Gold Project near Norseman in Western Australia's Eastern Goldfields. These initial assays have identified multiple shallow, open-ended gold mineralised zones, particularly around the Duke Prospect, a historically under-explored target within a highly prospective greenstone belt.

Notable Intercepts Signal New Gold Structures

The drilling program, still underway, has returned significant intercepts including 12 metres at 0.50 grams per tonne (g/t) gold from 8 metres depth and 8 metres at 0.84 g/t gold from 12 metres, with some intervals grading up to 1.25 g/t. These results complement historical drilling that reported broader zones of gold mineralisation, such as 24 metres at 2.15 g/t gold. Importantly, the new data points to previously unrecognised gold-bearing structures adjacent to the main Duke trend, expanding the potential footprint of mineralisation within the project area.

Strategic Location in a World-Class Gold Province

Killaloe is situated 20-30 kilometres northeast of Pantoro Limited’s Norseman Operations, which hosts a 4.7 million ounce gold resource, within the Kalgoorlie Terrane; a region renowned for its prolific gold endowment exceeding 200 million ounces. Despite this, Killaloe has seen limited modern exploration, making it a compelling target for discovery. The project’s geology includes a complex package of ultramafic, basalt, dolerite, felsic intrusive, and granodiorite rocks, with quartz veining and alteration indicative of gold mineralisation potential.

Ongoing and Planned Exploration Activities

The current drilling campaign comprises over 1,400 metres of AC and nearly 1,500 metres of RC drilling, targeting both extensions of known mineralisation and new soil anomaly trends. Lachlan Star plans to complete this phase within weeks, with assay results being released progressively. Following this, the JV intends to undertake infill RC and diamond drilling to better define mineralisation and test depth extensions. The broader Killaloe area, including the Duchess Prospect, also remains a priority for further reconnaissance drilling.

Implications for Cullen Resources and the JV

For Cullen Resources, which holds a 20% free-carried interest until a decision to mine, these results represent a promising step towards unlocking value in the Killaloe Project. The JV’s disciplined, low-cost exploration approach is beginning to yield tangible outcomes, reinforcing the strategic rationale for continued investment in this under-explored but highly prospective gold belt.

Bottom Line?

As drilling advances, Killaloe’s expanding gold footprint could reshape regional exploration narratives and investor expectations.

Questions in the middle?

  • Will follow-up drilling confirm continuity and depth extensions of the new gold-bearing structures?
  • How might these early results influence Cullen Resources’ strategic priorities and JV funding commitments?
  • What are the potential timelines and hurdles before Killaloe could progress towards resource definition?