Kenex has worked extensively with Auzex Resources on the newly acquired Bullabulling gold project. Services have included data searching, compilations and verifications, Micromine modelling and mapping, administrative and general technical assistance.
The project has reported a JORC compliant inferred resource of 2million ounces. The Bullabulling Gold Project is located approximately 60km southwest of Kalgoorlie in the eastern goldfields of Western Australia. The Project assets in 2009 included gold resources of 431,000 ounces, mining infrastructure, substantial geological exploration databases and granted Mining Leases.
Preliminary geological 3D modelling by the Company confirmed that gold mineralisation at Bullabulling is open in all directions, particularly at depth, where previous resource drilling is limited past a vertical depth of 60m (the average depth of all drilling at Bullabulling is 34m). Auzex considers there is scope for expanding the current resources both between the existing pits and at depth. Recent work has resulted in a new JORC reported Mineral Resource of 41,517,000 tonnes grading 1.5 g/t Au for 1.98 million contained ounces of gold at a 0.7 g/t Au cut off. The resource was estimated to a nominal depth of 315 RL, approximately 120m below surface. This depth has been used as an approximation of mineralisation that is expected to be amenable to open-cut mining operations .
Bullabulling Phoenix Pit