⛏️ Kula Gold Limited has released visual results from a rock sampling program in February 2021 reporting visible copper mineralisation at the company’s Brunswick Project in Western Australia.
The assay results from those rock samples showed Cu up to 0.35% as chalcopyrite, confirming the presence of copper-bearing sulphides in the project area.
“This is an exciting early-stage development on our Brunswick project, which was acquired for Julimar style mineralisation. Our geological team have been walking the ground for a few months now and this work has identified the geological potential for another two styles of mineralisation (Epigenetic gold mineralisation and Archean Cu-Au mineralisation),” Chairman Mark Stowell commented.
Full results are included in Table 1 (see full pdf here).
Exploration Commentary.
Fieldwork by the company’s geological team has identified potential for three types of mineralisation at the Company’s ~250km² Brunswick project and these are now the focus of exploration work:
1. Julimar Style Ni-Cu-PGE mineralisation.
2. Epithermal gold mineralisation– as evidenced by the historic Donnybrook Goldmines Ltd south of the licence with production of 1,100oz from 1,497 tons of ore between 1897 and 1904. (Ref: BHP Minerals Ltd DMIRS report of 1 Feb 1987 for exploration work 1985-87)
3. Archean Cu-Au mineralisation analogous to Newmont’s Boddington Copper-Gold Mine 75km NE which is one of the largest gold mines in the world, producing approximately 700k oz Au and 35kt Cu p.a.
Current activities include targeted soil sampling underway at Brunswick, with a total of 228 samples collected to date.
Samples will be assayed for Au, Pt and Pd by fire assay and multi-elements by ICP-MS.
Approximately 200 of the above samples will be assayed for multi-elements at Intertek Labs Perth to compare the results for the same samples from the Portable X-Ray Fluorescence machine (PXRF). This will facilitate using the PXRF for multi-element analysis in the ongoing soil sampling programs at Kula’s projects for significant cost and time savings in future sampling and analysis (ie immediate on ground results for immediate follow-up as opposed to the 5-6 week lag for lab assays and new field trip).
All ongoing soil samples will be assayed for Au, Pt and Pd (and Li, where applicable) at Intertek or other labs.
Results from exploration will be reported in due course.
– News Release –
Date: 29 March 2021 | ASX Code: KGD
Competent Person:
The information in this announcement that relates to exploration results is based on information compiled by Company geologists and reviewed by Mr Adam Anderson, in his capacity as the Exploration Manager of Kula Gold Limited. Mr Anderson is a Member of the AUSIMM and AIG and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 JORC Code. Mr. Anderson consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.
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 Marvel Loch, Rankin Dome and Westonia, 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 cosec@kulagold.com.au
