Kula Gold Limited reports the Company’s Kirup Project has revealed anomalous Lithium (Li) rock chip results up to 240.8ppm and 71.9ppm, 20km from Greenbushes. Early potential LCT suite mineralisation; mapping and rock chipping continues.
Kirup Project – E70/5452 – (70% LCT mineralisation rights, 30% Sentinel Exploration Ltd)
Following the recent acquisition, a reconnaissance mapping and rock chip sampling has detected anomalous lithium readings of 240.9ppm and 71.5ppm which is significantly above regional background of approximately 15ppm (Table 1).
This is the highest anomalous analysis for Kula’s exploration team. A follow-up rock chip sampling and mapping will occur over the coming quarters adds significance to this virgin ground on this project.
Figure 1: Recent reconnaissance by Kula geologist in the Kirup Project with anomalous lithium rock chip locations.
Exploration work of mapping and rock chipping continues in the field and further results will be reported in due course.
Figure 2: Kula’s Kirup & Brunswick Projects, the DBSZ and proximity to Greenbushes Mine and Infrastructure.
Kula Gold also released a detailed announcement on Tuesday excellent progress on potential lithium bearing pegmatites at its Brunswick Project approximately 20km west of the world’s largest hard rock lithium mine, Greenbushes Lithium Mine in Western Australia.
Historical BHP diamond drill core was found at the GSWA Core Library in good condition, and a pegmatite was identified at 73m depth in hole DDB-1, in addition to a high-grade gold result of 1m @ 51g/t gold from 39m previously intersected – it was never followed up.
The Company is also pleased to report on a follow up field mapping and rock chip sampling programme on lithium and tantalum bearing pegmatites at its 100% owned Southern Cross Project (Taliah Prospect), approximately 90km north of the world class Mt Holland Lithium Mine in Western Australia.
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:
KIRUP PROJECT
ASX release- Kula To Acquire A 70% Interest in Key Lithium Tenement – Kirup Project- 22 November 2022
News Release
Date: 4 May 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 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
