⛏️ Kula Gold Limited reports anomalous geochemical results to 125ppb Pt +Pd (combined) and up to 35ppb Au in geochemical auger sampling, as well as 1.85g/t gold in a quartz vein rock sample from a lateritic breakaway on its 100% owned Westonia Project (Figure 1).
HIGHLIGHTS – View PDF
- Maiden exploration program returns auger geochemical results up to 125ppb Pt + Pd (combined) and up to 35ppb Au.
- 1.85g/t gold returned in rock sample.
- Accelerated program being expedited.
Figure 1: Location of Kula’s 100% owned Westonia Project, within the Southern Cross Region.
Kula focussed the maiden exploration activities on the central portion of E77/2766 which is situated less than 5km south of the Edna May Gold Mine (Figure 2) owned by Ramelius Resources (ASX: RMS), which has historically produced over 1M oz of gold, and has a current resource estimate of 990K oz of contained gold.
Figure 2: Location of the maiden exploration program, located less than 5km south of the Edna May Gold Mine.
The program was completed with ~50m spaced geochemical samples taken on ~400m spaced lines. Results are presented in Figure 3 and Figure 4, with observed geostatistics for the sample population presented in Table 1.
Figure 3: Combined Pt+Pd results from auger geochemical sampling with values for >95th percentile displayed.
Figure 4: Gold results from auger geochemical samples, with values for samples >95th percentile displayed, as well as location of the rock sample which returned 1.85g/t Au.
This is an exciting and surprising set of results with PGE elements in addition to the targeted gold so close to the long-standing producing Edna May gold mine and warrants an accelerated exploration program by Kula which is now being expedited.
The Board looks forward to reporting the next set of results from this project which may indicate a deeper source for potential mineralisation.
News Release
Date: 30 August 2022 | ASX Code: KGD
About the Company
Kula Gold Limited (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 cosec@kulagold.com.au
