Kula Gold Limited is pleased to provide an update on the recent reconnaissance field trip to the Kirup Project located within 25km of the world’s largest hard rock lithium mine, Greenbushes Lithium Mine in Western Australia.
Kula Chief Executive Officer Ric Dawson said:
“The Brunswick Project and the proposed Kirup Project acquisition are in a world-renowned lithium district and increases our existing lithium exploration ground near the Greenbushes Mine in Western Australia. Sampling has been completed and we look forward to the results.
The best place to explore for lithium is near the biggest hard rock lithium mine in the world.”
HIGHLIGHTS [View PDF]
- Field reconnaissance trip as part of the due diligence to acquire the Kirup Project to add to the existing Brunswick Project.
- Encouraging fractionation noted in pegmatites (tourmaline, white micas and massive feldspar).
- The Kirup Project with an area of 117km2 is located within 25km of the world class Greenbushes Lithium Mine.
- The Company is seeking to commence exploration activities on the multiple pegmatites already mapped within the tenement upon settlement of the acquisition.
Figure 1: Kula’s Brunswick Project, the proposed Kirup Project, the DBSZ and the proximity to Greenbushes Mine and infrastructure.
Kirup Project
Tenement E70-5452 was visited by the Kula due diligence team.
Approximately 11 previously identified pegmatite localities –ground truthing of some of these previously identified occurrences show outcrops to be generally offset and encouraging potential lithium bearing rock types identified and sampled.
Figure 2: Rock chip sampling in Kirup Project E70/5452 over the U2/Th ratio of the publicly available region airborne magnetic/radiometric survey data, within 25km west of Greenbushes Mine.
As noted above in Figure 2, the very strong anomalous signature (red) provides a good target for Kula’s technical team to explore in the acquisition tenement.
Figure 3. Sample RK000197. Weathered pegmatite with micas, quartz and potential relic spodumene.
Figure 4: Sample RK000205. Pegmatite with coarse gained quartz, k-feldspar and tourmaline
Figure 5: Sample RK000209. Pegmatite with coarse gained tourmaline
Figure 6: Sample RK000208. Examples of pegmatite occurrences with coarse grained feldspar.
References: ASX Release – 28 November 2022 – Kula Acquires Kirup Project
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 his information in the form and context in which it appears.
News Release
Date: 19 December 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 and Kirup, 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
