⛏️ Kula Gold Limited notes the presentation by Chalice Mining on its world-class Julimar Ni-Cu-PGE discovery at the RIU Explorers 2022 Conference in Fremantle on Thursday 17 February, given Kula Gold’s 100% owned Brunswick Ni-Cu-PGE Project sits on the western margin of the West Yilgarn Province.
Kula Gold’s Brunswick Project covers ~ 250km2 and the company is expecting results from completed fieldwork shortly.
Extract from Chalice Mining’s presentation below.
More details on the Brunswick Project:
At the Brunswick Project, fieldwork by the Company’s geological team has identified potential for three types of mineralisation and these are now the focus of exploration work comprising a large soil sampling program which is well underway with a large quantity of assays pending:
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. (Refer ASX release 29 March 2021)
Kula Gold submitted 840 samples to Bureau Veritas for sieving and Au, Pt, Pd analysis with multi-elements to be determined using pXRF in house and expect results back from the laboratory soon.
– News Release –
Date: 18 February 2022 | 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, lithium, 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