⛏️ Kula Gold Limited reports results from a first pass auger geochemistry program at its 100% owned Rankin Dome Project in the Southern Cross region shows anomalous lithium cluster co-incident with the NW trending magnetic structure (Fig 3).
HIGHLIGHTS – Download full PDF release
- First round auger geochemical sampling program was completed at the Rankin Dome Project.
- Lithium cluster co-incident with magnetic feature over initial 1.5km extent has been followed up by an infill auger program which has now been completed.
- Southern Cross tenement package covers 1,213km², all now considered prospective for lithium in addition to gold, base metals, and kaolin.
Kula’s Rankin Dome tenement (the project) is located approximately 130km NW of the world class Mt Holland Lithium mine in the same terrain of the Yilgarn Province.
Mt Holland’s under development by a joint venture between subsidiaries of Sociedad Química y Minera de
Chile S.A. (SQM) and Wesfarmers Limited to develop and operate the Mount Holland Lithium Project, which will be a unique, fully integrated producer of battery quality lithium hydroxide in Western Australia.
The lithium auger results cover an approximate 1.5km extent that remains open in all directions.
Follow up auger geochemistry sampling has now been completed by the same Sahara rig as used in the initial program.
Other areas of the tenement will also be tested, including for gold, which were under crop at the time of the initial drilling.
– News Release –
Date: 3 February 2022 | ASX Code: KGD
Competent Person Statement
The information in this report that relates to geology and exploration is based on information compiled by Mr A
Anderson , a Competent Person who is a member of the Australian Institute of Mining and Metallurgy and the
Australian Institute of Geoscientists. Mr Anderson is a Geology and Exploration Consultant who has been engaged
by Kula Gold Ltd. Mr Anderson has sufficient experience, which is relevant to the style of mineralisation, geology and type of deposit under consideration and to the activity being undertaken to qualify as a competent person under the 2012 edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (the 2012 JORC Code). Mr Anderson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
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 firstname.lastname@example.org