Kula Gold Limited reports excellent progress on potential Lithium bearing pegmatites at its 100% owned Brunswick Lithium Project, approximately 45km north of the world’s largest hard rock Lithium mine, Greenbushes Lithium Mine in Western Australia.
Kula’s Chief Executive Officer Ric Dawson said,
“Today’s update is a further advancement on the Brunswick Project, with one prospect, adjacent to the DBGM Gold drill targets and one target moving to our first Lithium drill programme.”
HIGHLIGHTS [View PDF]
- Donnybrook Gold Mine (DBGM) Prospect – drill ready targets.
- Two drone magnetics surveys are complete and has enhanced the drill target potential.
- Drill planning for a short, focused scout program.
- Anomalous tantalum (Ta) rock chip results up to 71ppm on Hippy Lady Prospect, potential LCT suite mineralisation.
Figure 1: Kula’s Brunswick Project DBSZ and location of Greenbushes Mine and infrastructure.
Brunswick Project – 100% owned
Ground exploration has increased with the number of pegmatite targets being mapped, rock chipped and this work is continuing.
Rock chip samples and UFF soil samples have been sent to the laboratory for multielement 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.
Donnybrook Gold Mine (DBGM) Prospect – 100% owned
The drone magnetics has been flown and the below map (Figure 2) now highlights the significant NE structure that has been interpreted to be a possible hidden pegmatite, with a coincident lithium geochemical anomaly on the surface.
The soil programme on the tenement, the target has a total potential strike of 1.7km with up to 102ppm lithium which is encouraging for surface sampling. Lithium due to its high mobility in the weathering zone is normally very low and these results are above background measurements.
Figure 2: DBGM Prospect with new drone magnetics over regional magnetics TMI_RTP with anomalous lithium geochemistry analysis and interpreted pegmatite adjacent to the historic Donnybrook Gold Mine.
A prospect scale drone magnetics survey has been completed and has allowed for interpretation of zones of dilation or movement that would allow pegmatites to come to the near surface.
This is now a drill ready target and permitting is in progress.
Hippy Lady Prospect – 100% owned (E70/5599 and E70/5645)
Recent reconnaissance mapping and rock chip sampling has detected anomalous tantalum readings of 74.8ppm and 45.1ppm which is significantly above background of approximately 1ppm (Table 2). This is the second highly anomalous analysis for Kula’s exploration team.
This follow-up rock chip sampling and the upcoming results of a recent UFF soils programme adds significance to this virgin ground on this prospect area.
The drone magnetic image (Figure 3) was flown at a prospect scale and was conducted at 25m line spacing to determine structures below the surface that may indicate dilation or movement that will allow pathways for pegmatites to come to the near surface.
The interpreted strike of the Hippy Lady Prospect is now nearly 2 kilometres long.
Figure 3: Drone Magnetics over regional magnetics TMI RTP with anomalous tantalum rock chip locations and results as well as pending UFF soil sample locations.
Exploration work continues in the field and further results will be reported in due course.
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.
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- Brunswick Lithium Field Program – 11 Pegmatite Targets Now Identified -11 October 2022
ASX Release- Brunswick Project-Lithium Geochem Results, DBGM & Large ~2km x 300m Pegmatite Mapped – 14 November 2022
ASX Release – Brunswick Project -Lithium Drill Target 1.7km Strike -20 February 2023
News Release
Date: 21 March 2023 | 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 Lithiumy, Caesium ot Tantalum near the world class Greenbushes Lithium Mine.
Contact the Company Secretary for more information – +61(08) 6144 0592 or cosec@kulagold.com.au
