Airfield Gold Project Auger Drilling to begin week starting 30 November 2020.

Upcoming Field Work Highlights:

  • 400 hole Auger drilling program to start next week.
  • Deploying powerful new Sahara rig capable of 30m depth.
  • Targeting Crayfish anomaly and two other gold targets at Airfield.
  • New Claypan target identified with recent drilling to follow-up.
  • Scout drilling program at Rankin Dome.

Kula Gold reports that the planned regional auger drilling program will start next week on Airfield Gold Project-E77/2621 near Southern Cross using a brand new powerful auger rig built and operated by Sahara Natural Resources. The drilling will largely follow up on anomalous historical shallow auger results completed by Sons of Gwalia (SOG).

A small auger program recently completed over a claypan on the eastern side of the licence returned anomalous gold results up to 21ppb Au which presents a new target for this deeper auger drilling program.

Map below shows the location of the licence and approximate locations of the planned auger drilling.

Figure 1 Kula Gold Ltd’s Southern Cross Projects and the red circles denote approximate auger drilling locations.

Figure 1 Kula Gold Ltd’s Southern Cross Projects and the red circles denote approximate auger drilling locations.

Airfield Gold Project – Southern Cross, WA  (Kula – 100%)

The 400+ hole auger drilling program will follow up on historical auger results from SOG in the mid 90’s which returned anomalous auger results up to 311ppb Au. The POW has been obtained for this work and clearing of access lines completed.

Kula Gold Ltd have contracted Sahara who have recently commissioned 2 powerful 4WD mounted Auger units in WA. Sahara are Africa’s largest Auger Geochemical company with over 3.5 million meters of Auger resulting in 30+ grass roots discoveries in West Africa over the last 10 years. The rig is capable of drilling to 30m depth if required and Kula plans to target the “interface zone” between overlying sand/clay and underlying saprolite with this rig.

The program over the company’s large ~120km2 lease ~8km from the Marvel Loch gold operation will include drilling of:

  1. The Crayfish target- see Figure 2 below;
  2. A NW trending structure from which a peak 311ppb auger result was obtained by SOG; and
  3. Follow up on the 21ppb Au in the claypan.
Figure 2 Crayfish Anomaly with planned Auger Drilling in yellow.

Figure 2 Crayfish Anomaly at Airfield Gold Project with planned Auger Drilling in yellow.

In addition a broad 400m line spaced scout auger program is planned at the Rankin Dome Gold Project (Kula 100%) to the west of Southern Cross.

Previous exploration at Kula Gold's Rankin Dome Project in late 2020.

Previous exploration at Kula Gold’s Rankin Dome Project in late 2020.

Samples will be sent to Bureau Veritas in Perth for multi-element analysis, with results expected early January 2021.

– News Release –
Date: 26 November 2020 | ASX Code: KGD
Competent Person Statement on ASX News Release here.

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 info@kulagold.com.au