⛏️ Kula Gold Limited Chairman Mark Stowell has provided updated commentary on the company’s Airfield Gold and Brunswick Projects.
“We are encouraged by the initial drilling campaign (at Airfield Gold) with a very versatile RC/AC rig that enabled a variety of drill test holes on a cost-efficient basis.”
Read more about the latest Airfield Gold drilling program (comprised of 1,823m of Air core (AC)/Reverse Circulation (RC) drilling) by Kula Gold in conjunction with Stark Drilling here.
Assays have been submitted and results are anticipated in late May 2021.
Stowell also provided commentary on the company’s Brunswick Project as the 2021 H1 soil sampling program continues.
“The Brunswick project continues to deliver areas of geological interest for more detailed sampling and testwork. The potential scale and scope of this project, covering a 45 km strike length is significant, given its close proximity to major mining areas of Boddington (Au-Cu) 75km NE, and Greenbushes (Li) ~25km SE.”
Fieldwork by the company’s geological team identified potential for three types of mineralisation at the Company’s ~250km² Brunswick project and these are now the focus of exploration work comprising a large soil sampling program which is well underway:
- Julimar Style Ni-Cu-PGE mineralisation.
- 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).
- 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. (Refer ASX release 29/3/21)
⛏️ Forward Program – Activity Timeline for Q2, Q3 and Q4 2021.
Kula Gold’s most recent Exploration Update from 28 April 2021 is available here.
– News Release –
Date: 30 April 2021 | 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 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 firstname.lastname@example.org