Kula Gold Limited reports excellent progress on potential lithium bearing pegmatites at its 100% owned Brunswick Project, approximately 45km North of the world’s largest hard rock lithium mine, Greenbushes Lithium Mine in Western Australia.
HIGHLIGHTS (View PDF)
- PT1 target a large ~2km long and up to 300m wide pegmatite mapped
- PT1 pegmatite located on the Donnybrook-Bridgeton shear zone that hosts the Greenbushes Lithium Mine
- Anomalous lithium in soil sampling from the DBGM Prospect – advancing target
- Kula also continues to progress discussions to secure new opportunities in the lithium sector that would complement the existing Brunswick Project
Published articles in 1990 shows that the Donnybrook-Bridgetown Shear Zone (DBSZ) runs through Kula’s Brunswick Project (Fig 1).
Figure 1: Kula’s Brunswick Project DBSZ and location of Greenbushes Mine and infrastructure.
Kula Chief Executive Officer Ric Dawson said.
“Today’s update is a solid advancement on the Brunswick Project, showing a large target on the well known Donnybrook-Bridgetown Shear Zone which hosts Greenbushes, as well as a new target next to our advancing Donnybrook gold project.”
Brunswick Project – 100% owned
The exploration on ground has increased the pegmatite targets mapped, and this work is continuing.
Rock chip samples have been sent to the laboratory for multi-element analysis that includes not only Lithium (Li) detection but additional pathfinder elements Caesium (Cs), Niobium (Nb) and Tantalum (Ta) and will be reported in due course.
Figure 2: Pegmatites mapped by Kula with their estimate trends and mapped pegmatites from the 1:100k state interpreted bedrock geology.
Figure 3: Mapped pegmatites over the U2/Th ratio of the publicly available region airborne magnetic/radiometric survey data.
Donnybrook Gold Mine (DGBM) Prospect – 100% owned
Figure 4: DBGM Prospect with soil sample locations with anomalous Lithium geochemistry analysis adjacent to the historic Donnybrook Gold Mine (ASX Announcement 4 June 2022).
The soil samples in Figure 4, show a target of over 500m strike with up to 102ppm Lithium which is encouraging, and follow-up exploration work is in progress.
Lithium exploration work continues in the field and further results will be reported in due course.
References:
ASX Release- Donnybrook Gold Rock Samples up to 7.95g/t Gold at the Donnybrook Gold Mine Prospect – Brunswick Project Advancing- 4 June 2022
ASX Release- Lithium Pegmatites Identified at Brunswick -7 September 2022
ASX Release- Pt/Pd/Gold results- Westonia Project 30 August 2022
ASX- Release – Brunswick Lithium Field Program – 11 Pegmatite Targets Now Identified -11 October 2022
Competent Person Statement
The information in this report that relates to geology and exploration is based on information compiled by Mr. Ric Dawson, a Competent Person who is a member of the Australian Institute of Mining and Metallurgy. Mr. Dawson is a Geology and Exploration Consultant who has been engaged by Kula Gold Limited. Mr. Dawson 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. Dawson consents to the inclusion in the report of the matters based on her information in the form and context in which it appears.
News Release
Date: 14 November 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 large project is in the economic study phase.
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
