⛏️ Kula Gold Limited is pleased to announce that the drill rig has returned to site to recommence drilling the estimated 62-hole RC drilling program that was started on 22 November 2021.
Drilling is being carried out to define the geographic extent and assess the resource potential of kaolin and halloysite within the Boomerang Kaolin Prospect at Kula’s 100% owned Marvel Loch-Airfield Gold Project.
- Rig back on site – RC drilling continues with Stark Drilling.
- Logging to date shows the average vertical thickness of 30m of white kaolin clays intersected from around 6.5m subsurface depth.
The remaining holes are designed to test the areas both north and south of completed drilling further exploring the lateral and vertical extent of the kaolinized horizon. Further holes have been designed to infill between recent drilling in areas where deeper kaolin alteration was observed. (ref ASX release 3 December 2021).
Drilling is expected to finish on Tuesday 21 December, for a well-earned break over the festive season.
Results of assays will be reported in due course.
21BMRC025
21BMRC005
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Figure 2. Photographs of chip trays for 3 of the recent RC holes, showing typical white kaolin alteration observed (locations of RC chips shown is provided in Figure 3).
Figure 3. Map showing location of completed RC holes, coloured by depth of vertical kaolin intercept (as determined visually by geologist on rig)
– News Release –
Date: 17 December 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
