Auzex Resources (ASX: AZX) and joint venture partner GGG Resources (ASX: GGB, AIM: GGG) have applied for prospecting licence areas covering 8 square kilometres adjacent to the key prospective areas to the south of the Bullabulling Trend.
The Bullabulling gold project is strategically located 65 kilometres south-west of Kalgoorlie in Western Australia's Yilgarn basin.
The two companies, who are in the process of merging to form Bullabulling Gold, are working to extend their existing properties to add operational efficiencies.
The additional licences could increase the size of the overall resource, if the results of forthcoming exploratory drilling show the same characteristics as the rest of the Bullabulling Trend.
Overall, the joint venture holds 131 square kilometres in tenements, under various mining permits, miscellaneous licences, prospecting licences and applications.
In addition the joint venture holds the Pastoral Lease underlying the tenements.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/20123/auzex-resources-aims-to-extend-wa-gold-resource-near-bullabulling-20123.html
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