⛏️ Kula Gold Limited reports good progress on field mapping and sampling of the numerous pegmatite occurrences at its 100% owned Brunswick Project in the South West of Western Australia, approximately 45km North of the world class Greenbushes Lithium Mine.
HIGHLIGHTS – (View PDF)
- Kula’s Lithium exploration at its Brunswick Project (~45km from Greenbushes Lithium Mine) is progressing ahead of expectations.
- Field mapping and sampling of pegmatite occurrences continues, and the program will be extended significantly.
- With the recent capital raising completed, Kula is now well funded to expedite the Lithium exploration programs.
- Kula also continues to assess new opportunities in the Lithium sector that would compliment the existing Brunswick Project.
Figure 1. Exploration in progress at Brunswick Lithium Project
The exploration on ground is showing extensive prospective areas and as a result the scheduled program is being extended to ensure that as many as possible are systematically mapped and sampled.
Below – Various samples and outcrops at Brunswick.
Samples are being submitted to the laboratory for assays weekly, and results and analysis will be reported in due course.
News Release
Date: 7 October 2022 | ASX Code: KGD
About the Company
Kula Gold Limited (ASX: KGD) is a Western Australian mineral exploration company with expertise in the discovery of new mineral deposits in WA. The strategy is via large land positions and structural geological settings capable of hosting ~+1m oz gold or equivalent sized deposits including Lithium.
The Company is advancing projects within the South West region of WA for Lithium and Gold at Brunswick, as well as Gold and PGE at Westonia adjacent to the producing Edna May Gold Mine (owned by ASX:RMS) in the WA goldfields.
The Company has a history of large resource discoveries with its foundation being the Woodlark Island Gold project in PNG, (+1m oz Gold) which was subsequently joint ventured and sold to (ASX: GPR).
Kula’s recent discovery was the large 93.3mt Boomerang Kaolin deposit near Southern Cross WA– Maiden resource announced 20 July 2022. This project is in the economic study phase and moving to PE funding or trade JV.
The exploration team are busily working towards the next mineral discovery, potentially Lithium near the world class Greenbushes Lithium Mine.
Contact the Company Secretary for more information – +61(08) 6144 0592 or cosec@kulagold.com.au
