Brunswick Ni-Cu-PGE Project added to Kula Gold’s portfolio.
“Kula Gold’s technical team have spent many months investigating potential Julimar Style exploration opportunities and following Chalice’s (ASX: CHN) recent spectacular discovery north of Perth, it has resulted in the Brunswick Project acquisition,” Kula Gold Chairman Mark Stowell after the release of the company’s latest Quarterly Activity Report.
Kula Gold applied for an exploration license (ELA70/5599) which covers 240km2 which is located between the towns of Donnybrook and Brunswick Junction, approx. 150km south of Perth. The licence is located in the highly prospective Western Gneiss Terrain which hosts Chalice Gold Mines, Julimar Ni-Cu-PGE Project to the North.
Studies of the open file magnetic data showed some subdued magnetic highs which Kula considered were worth investigating further to see if the subdued magnetic response was masking potential Ultramafics in the licence area.
The open file magnetics within the licence area were reprocessed to highlight the magnetic highs which will be field checked in the coming weeks to verify the actual rock types. Comparison of the open file and reprocessed magnetics are shown in the images below.
The licence area also contains an historical gold project east of Brunswick Junction known as Brunswick and is also prospective for Lithium bearing pegmatites.
– News Release –
Date: 26 October 2020 | ASX Code: KGD
About the Company
Kula Gold Ltd (ASX: KGD) is a Western Australia gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has projects within the Southern Cross WA region including Rankin Dome and Marvel Loch, as well as near Kurnalpi and Brunswick. The company has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG.
Contact the Company Secretary on Tel: +61(08) 6144 0592 or via firstname.lastname@example.org