Kula Gold Limited reports that the reconnaissance drilling has been completed at the main ‘eye’ structure (Figure 3) at its 100% owned Westonia Project (Figure 1) located 5km from the Edna May Gold Mine.
Drilling has now tested six high-priority targets at the Westonia Project near Edna May Gold Mine.
The drilling program consisted of 1 Aircore hole and 26 RC holes for 2,292m of drilling as per Table 1. The drilling at the Westonia Project intersected encouraging rock types consistent with an Archean Greenstone sequence and similar to surrounding greenstones.
There were zones of alteration with potential mineralisation to be determined. 614 composite samples from drill cuttings (Figure 2) have been sent for analysis with 97 composite samples already sent. From the most recent drilling, 90 composite samples have been requested for expedited processing.
Kula Chief Executive Officer Ric Dawson said.
“We currently await the laboratory results now that the drilling has been completed. Our reconnaissance drilling program has provided the Company with optimism on these exciting grass roots prospects at the Westonia Project adjacent to the ~2moz Edna May Gold Mine.”
Figure 1: Location of the maiden exploration program, located less than 5km South of the Edna May Gold Mine.
HIGHLIGHTS [View PDF]
- Aircore and RC drilling has been completed across a number of previously untested Archean greenstone targets throughout the project taking advantage of cleared paddocks within the tenement.
- Reconnaissance drilling has observed zones of alteration with potential mineralisation to be confirmed.
- The Westonia Project is situated less than 5km from, and within the same structural system as the 2Moz operating Edna May Gold Mine.
Figure 2: Drill cuttings ready for sampling in an open paddock
Table 1: Completed AC and RC drilling at Westonia.
Figure 3: Completed collar location map over TMI RTP magnetic image.
ASX Releases
ASX Release – 30 August 2022 Maiden Exploration Program -Westonia Project
ASX Release – 29 September 2022 Heli VTEM & Mag Survey – Westonia & Mag Survey – Brunswick
ASX Release – 27 October 2022 Anomalous Copper & PGE – Westonia Project
ASX Release – 28 October 2022 Amended – Anomalous Copper & PGE – Westonia Project
ASX Release – 30 November 2022 Heli VTEM & Magnetic Survey Has Commenced – Westonia Nickel/PGE/Gold Project
ASX Release – 5 December 2022 Heli VTEM & Magnetic Survey Extended – Westonia Nickel/PGE/Gold Project
ASX Release – 23 January 2023 ‘Eye’ Structure Defined – Westonia Nickel/PGE/Gold Project
ASX Release – 30 January 2023 Drilling Commenced at ‘Eye’ Structure Defined – Westonia Nickel/PGE/Gold Project
News Release
Date: 10 February 2023 | ASX Code: KGD
Competent Person Statement- General
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.
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
