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Diamond drilling of the Crayfish Gold Prospect at Marvel Loch–Airfield Gold Project has commenced

⛏️ Kula Gold Limited is pleased to announce the commencement of diamond drilling at the Crayfish Gold Prospect at the company’s Marvel Loch-Airfield Gold Project.

HIGHLIGHTS

  • Kula geologists are on site working closely with the drilling contractor (Seismic Drilling Services Ltd) to complete the 200m–300m diamond program by late November.
Figure 1. Kula geologists set up alongside Seismic Drilling’s diamond rig at the Crayfish Gold Prospect, Marvel Loch-Airfield Project.

Figure 1. Kula geologists set up alongside Seismic Drilling’s diamond rig at the Crayfish Gold Prospect, Marvel Loch-Airfield Project.

Discovery of previously unmapped amphibolite within the Ghooli Dome during the April reverse circulation (RC) drill program on E77/2621 provided additional geologic support for potential greenstone-hosted gold at the Crayfish Prospect and within the overall Marvel Loch–Airfield Gold Project area (refer ASX release 2nd July 2021).

The largest producing gold mines within the prolific Southern Cross region are hosted by these regional greenstone belts. Diamond drilling is underway to extend hole 21CYRC003 by 30-50m, obtain orientated structural and lithology data from drill core, and test the potential extension and orientation of the anomalous gold occurrence returned in 21CYRC004 and 21CYRC005 (see Figure 2).

Figure 2: Cross section through existing RC holes at Crayfish along 6 520 950mN showing the planned extension of 21CRYC003 and one of the potential orientations for the low-level gold anomalism.

Figure 2: Cross section through existing RC holes at Crayfish along 6 520 950mN showing the planned extension of 21CRYC003 and one of the potential orientations for the low-level gold anomalism.

A second diamond hole will be designed perpendicular to the lithological, structural and/or anomaly orientation and will be drilled from surface to further refine our geological understanding of this prospect. A third hole can be added to the program, if required.

Diamond drill core will also provide the opportunity to observe the nature of the abundant quartz veining and strong-to-intense silica alteration seen within a large proportion of the amphibolite RC chips. Integrating this new information into the geological interpretation should facilitate a more focussed targeting strategy for future exploration, allowing Kula to further unlock the gold potential of the project.

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Kula geologists are on site working closely with the drilling contractor (Seismic Drilling Services Ltd) to complete the 200m – 300m diamond program by late November.

Results of this program will be reported in due course.

Read the full ASX release

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– News Release –
Date: 17 November 2021 | ASX Code: KGD


About the Company
Kula Gold Ltd (ASX: KGD) is a West Australian gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has various gold, copper, nickel, PGE, halloysite and kaolin projects across the Southern Cross region including Marvel Loch, Rankin Dome and Westonia, as well as at Brunswick and Kurnalpi-Lake Rebecca. 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