Kula Gold's new land holdings at Marvel Loch - significantly expanding the project area to the north.

Kula expands Airfield Gold holding by 450km² at Southern Cross

⛏️ Kula Gold Limited has substantially expanded its land holding at Southern Cross with its Airfield Gold Project now covering 570km².

Kula Gold's new land holdings at Marvel Loch - significantly expanding the project area to the north.

Kula Gold’s new land holdings (unlabelled blue shapes) at Marvel Loch – significantly expanding Airfield Gold Project’s Southern Cross footprint.

After completing an extensive drilling program in April 2021, the company has applied for an extra 450km² in  land holdings north of the existing 120km² E77/2621 Airfield Gold Project area – as it identified prospective geological structures from geophysics and geochemistry which are capable of hosting significant gold resources.

19052021_KulaGoldMedia_AirfieldGoldSamplesWeb_May2021

Stark Drilling rigs on the ground at Kula Gold's Airfield Gold Project - April 2021

Kula Gold released an updated Corporate Overview at its AGM on Monday 19 May 2021 which included details on what was achieved by the drilling program in April.

The Marvel Loch Gold Mill is only 8km from the Airfield Gold Project.

– News Release –
Date: 20 May 2021 | ASX Code: KGD


About the Company
Kula Gold Ltd (ASX: KGD) is a Western Australia gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has projects within the Southern Cross WA region including Marvel Loch, Rankin Dome and Westonia, as well as near Kurnalpi and Brunswick. The company has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG.
Contact the Company Secretary on Tel: +61(08) 6144 0592 or via cosec@kulagold.com.au

19052021_KulaGoldMedia_CorporateOverview_May2021

Updated Corporate Overview released at Kula Gold AGM

⛏️ Kula Gold Limited has released an updated Corporate Overview at its AGM today, Wednesday 19 May 2021.

19052021_KulaGoldMedia_CorporateOverview_May2021

The overview includes key information regarding our various Projects throughout WA and the Highlights Summary is as follows:

✓ At our Southern Cross Projects – under-utilised district gold plants within 60km offer potential to quickly transition
into a gold producer with exploration success.
✓ In April 2021 – 1253 Auger drill holes and 1823m of AC/RC drilling were completed which has added significantly to our understanding of the regolith in the Southern Cross area, and assay results pending.
✓ Potential for Cu-Au and Ni-Cu_PGE style previously not identified at Brunswick Project in the Western Gneiss Terrain – 0.18% Ni on initial rockchip sample.
✓ Follow up drilling programs are planned.
✓ Experienced team with world class exploration techniques.
✓ Well funded with low operating costs.
✓ New project generation work ongoing at low cost.
✓ Dedicated to adding shareholder value.

You can see the full release by downloading the Kula Gold Corporate Overview May 2021.

19052021_KulaGoldMedia_AirfieldGoldSamplesWeb_May2021

– News Release –
Date: 19 May 2021 | ASX Code: KGD


About the Company
Kula Gold Ltd (ASX: KGD) is a Western Australia gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has projects within the Southern Cross WA region including Marvel Loch, Rankin Dome and Westonia, as well as near Kurnalpi and Brunswick. The company has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG.
Contact the Company Secretary on Tel: +61(08) 6144 0592 or via cosec@kulagold.com.au

03052021_KulaGoldMedia_BrunswickSample1_April2021

Kula Chairman provides commentary on Airfield Gold and Brunswick Projects

⛏️ Kula Gold Limited Chairman Mark Stowell has provided updated commentary on the company’s Airfield Gold and Brunswick Projects.

We are encouraged by the initial drilling campaign (at Airfield Gold) with a very versatile RC/AC rig that enabled a variety of drill test holes on a cost-efficient basis.”

Read more about the latest Airfield Gold drilling program (comprised of 1,823m of Air core (AC)/Reverse Circulation (RC) drilling) by Kula Gold in conjunction with Stark Drilling here.

Assays have been submitted and results are anticipated in late May 2021.

12042021_KulaGoldMedia_KulaStarkDrillingatAirfieldGold2_April2021

Drilling program at Airfield Gold – April 2021

Stowell also provided commentary on the company’s Brunswick Project as the 2021 H1 soil sampling program continues.

The Brunswick project continues to deliver areas of geological interest for more detailed sampling and testwork. The potential scale and scope of this project, covering a 45 km strike length is significant, given its close proximity to major mining areas of Boddington (Au-Cu) 75km NE, and Greenbushes (Li) ~25km SE.”

Fieldwork by the company’s geological team identified potential for three types of mineralisation at the Company’s ~250km² Brunswick project and these are now the focus of exploration work comprising a large soil sampling program which is well underway:

  1. Julimar Style Ni-Cu-PGE mineralisation.
  2. Epithermal gold mineralisation– as evidenced by the historic Donnybrook Goldmines Ltd south of the licence with production of 1,100oz from 1,497 tons of ore between 1897 and 1904. (Ref: BHP Minerals Ltd DMIRS report of 1 Feb 1987 for exploration work 1985-87).
  3. Archean Cu-Au mineralisation analogous to Newmont’s Boddington Copper-Gold Mine 75km NE which is one of the largest gold mines in the world, producing approximately 700k oz Au and 35kt Cu p.a. (Refer ASX release 29/3/21)
Matrix style pyrite + chalcopyrite ± pyrrhotite mineralisation from the same locality at Brunswick - February 2021.

Matrix style pyrite + chalcopyrite ± pyrrhotite mineralisation from the same locality at Brunswick.

⛏️ Forward Program – Activity Timeline for Q2, Q3 and Q4 2021.

Kula Gold’s most recent Exploration Update from 28 April 2021 is available here.

28042021_KulaGoldMedia_KulaTimeLineQ234_April2021

– News Release –
Date: 30 April 2021 | ASX Code: KGD


About the Company
Kula Gold Ltd (ASX: KGD) is a Western Australia gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has projects within the Southern Cross WA region including Marvel Loch, Rankin Dome and Westonia, as well as near Kurnalpi and Brunswick. The company has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG.
Contact the Company Secretary on Tel: +61(08) 6144 0592 or via cosec@kulagold.com.au

28042021_KulaGoldMedia_KulaTimeLineQ234_April2021

Exploration Update + Activity Timeline for Q2 Q3 Q4 2021

⛏️ Kula Gold Limited has provided an exploration update and released its Activity Timeline for Q2, Q3 and Q4 of 2021 after completing an AC/RC Drilling program at its Airfield Gold Project at Southern Cross.

 Highlights:
  • Successfully completed 1,823m AC/RC drilling program with Stark Drilling at Southern Cross-Airfield Gold Project within budget and with assays pending.
  • Preparations for follow up RC program; auger drilling continuing at Airfield Gold at Marvel Loch.
  • Soil sampling program continuing at Brunswick Project.
  • Encouraging results from Moho Resources (ASX: MOH) enhance Kula’s Southern Cross – Burracoppin/Westonia Project prospects.

Kula Gold provides update on its exploration activities at its Southern Cross and Brunswick projects.

⛏️ Southern Cross-Airfield Drilling.

Stark Drilling rigs on the ground at Kula Gold's Airfield Gold Project - April 2021

Stark Drilling rigs on the ground at Kula Gold’s Airfield Gold Project – April 2021

The Company engaged Stark Drilling’s multi purpose rig to undertake its maiden drilling program at the Airfield Gold Project (E77/2621). The program, designed to test the “Crayfish” Prospect, a 700m long anomaly previously identified by a recent auger drilling program, as well as other targets comprised 1,823m of Air core (AC)/Reverse Circulation (RC) drilling. The technique was varied depending on ground conditions and work particularly well and within budget.

The 27 holes, to a maximum depth of 90m identified several zones marked for follow up drilling. The company is booking a rig for a subsequent program on the Airfield project to be refined pending the receipt and analysis of assay results anticipated in late May 2021.

Kula Chairman Mark Stowell commented: “We are encouraged by the initial drilling campaign with a very versatile RC/AC rig that enabled a variety of drill test holes on a cost-efficient basis.

⛏️ Brunswick Cu–Ni–PGE, Au Li Project (KGD 100%).

28042021_KulaGoldMedia_BrunswickSamplesFigure_April2021

Fieldwork by the company’s geological team has identified potential for three types of mineralisation at the Company’s ~250km² Brunswick project and these are now the focus of exploration work comprising a large soil sampling program which is well underway:

  1. Julimar Style Ni-Cu-PGE mineralisation.
  2. Epithermal gold mineralisation– as evidenced by the historic Donnybrook Goldmines Ltd south of the licence with production of 1,100oz from 1,497 tons of ore between 1897 and 1904. (Ref: BHP Minerals Ltd DMIRS report of 1 Feb 1987 for exploration work 1985-87).
  3. Archean Cu-Au mineralisation analogous to Newmont’s Boddington Copper-Gold Mine 75km NE which is one of the largest gold mines in the world, producing approximately 700k oz Au and 35kt Cu p.a. (Refer ASX release 29/3/21)

Kula Chairman Mark Stowell commented: “The Brunswick project continues to deliver areas of geological interest for more detailed sampling and testwork. The potential scale and scope of this project, covering a 45 km strike length is significant, given its close proximity to major mining areas of Boddington (Au-Cu) 75km NE, and Greenbushes (Li) ~25km SE.

⛏️ Southern Cross-Westonia Project.

Following extensive research, and the company’s own exploration work in the region the Company’s concept is that the prior exploration comprising surface soil sampling may have been ineffective, and as a result the Company recently lodged applications over large areas (as reported to ASX 23 February 2021) adjacent to and near the Edna May Gold Mine (ASX:RMS) 300km east of Perth.

The recent announcement by Moho Resources (ASX:MOH, 22 April 2021) at the Crossroads prospect Burracoppin (approx. 20km West of the Edna May Gold Mine), which reported drilling results including 1m at 7.48 g/t Au from 92m, lends support to Kula’s concept on its recent acquisition and Kula’s future work programs in the area.

Figure 1 - Map of Kula Gold's new Westonia Project.

Map of Kula Gold’s Westonia Project.

⛏️ Lake Rebecca-Kurnalpi Gold Project

The Company’s Lake Rebecca Gold project is readying for the next phase of exploration following neighbouring company Apollo Consolidated’s (ASX: AOP) recent announcement on 20 April 2021 of a 50% increase in Indicated gold resources at their Lake Rebecca Gold discovery. An auger program is being prepared to commence in Q2/3.

Lake Rebecca-Kurnalpi Project tenement location, with neighbouring explorers.

Lake Rebecca-Kurnalpi Project tenement location, with neighbouring explorers.

⛏️ Forward Program – Activity Timeline for Q2, Q3 and Q4 2021.

The Company has been very active on the acquisition trail this year, generating substantial new projects from detailed research and on ground investigations. A number of these new projects are lined up for exploration and drilling pending granting and other approvals and have either been granted or pending granting in the next few months. The Company is ramping up auger and follow-up AC/RC drilling throughout the remainder of 2021.

An indicative timeline of activities for the next 3 quarters is set out below:

28042021_KulaGoldMedia_KulaTimeLineQ234_April2021

– News Release –
Date: 28 April 2021 | ASX Code: KGD


About the Company
Kula Gold Ltd (ASX: KGD) is a Western Australia gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has projects within the Southern Cross WA region including Marvel Loch, Rankin Dome and Westonia, as well as near Kurnalpi and Brunswick. The company has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG.
Contact the Company Secretary on Tel: +61(08) 6144 0592 or via cosec@kulagold.com.au

Stark Drilling rigs on the ground at Kula Gold's Airfield Gold Project - April 2021

Kula Gold and Stark Drilling working together at Southern Cross

⛏️Kula Gold Limited is currently working with Stark Drilling to carry out the company’s Southern Cross drilling program.

Stark Drilling rigs on the ground at Kula Gold's Airfield Gold Project - April 2021

Stark Drilling rigs on the ground at Kula Gold’s Airfield Gold Project – April 2021

These photos were taken during drilling at our Airfield Gold Project and the program will continue across April 2021.

12042021_KulaGoldMedia_KulaStarkDrillingatAirfieldGold2_April2021

12042021_KulaGoldMedia_KulaStarkDrillingatAirfieldGold3_April2021

Kula’s own Sahara Mobile Auger Rig has also been in action as the Kula field team continues their work across our Western Australian projects.

Drilling is planned to test the 700m long Crayfish Au in soil anomaly generated by auger drilling in December 2020 – as identified in Figure 2 below.

29032021_KulaGoldMedia_WebsiteFeed_BrunswickProject _Figure01_CrayfishTargetsAirfieldsq

Additional targets generated from auger geochemistry and remote sensing analysis will also be drilled.

– News Release –
Date: 12 April 2021 | ASX Code: KGD


About the Company
Kula Gold Ltd (ASX: KGD) is a Western Australia gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has projects within the Southern Cross WA region including Marvel Loch, Rankin Dome and Westonia, as well as near Kurnalpi and Brunswick. The company has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG.
Contact the Company Secretary on Tel: +61(08) 6144 0592 or via cosec@kulagold.com.au

05042021_KulaGoldMedia_ExploringAirfieldGold_April2021

Drilling program underway at Airfield Gold in Southern Cross

⛏️ Kula Gold Limited has commenced its drilling program at the Airfield Gold Project over the Easter Long Weekend.

Stark Drilling will begin its part of the program this week and Kula’s own Sahara Mobile Auger Rig was in action this weekend near Southern Cross in Western Australia.

Drilling is planned to test the 700m long Crayfish Au in soil anomaly generated by auger drilling in December 2020 – as identified in Figure 2 below.

29032021_KulaGoldMedia_WebsiteFeed_BrunswickProject _Figure01_CrayfishTargetsAirfieldsq

Additional targets generated from auger geochemistry and remote sensing analysis will also be drilled.

– News Release –
Date: 5 April  2021 | ASX Code: KGD


About the Company
Kula Gold Ltd (ASX: KGD) is a Western Australia gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has projects within the Southern Cross WA region including Marvel Loch, Rankin Dome and Westonia, as well as near Kurnalpi and Brunswick. The company has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG.
Contact the Company Secretary on Tel: +61(08) 6144 0592 or via cosec@kulagold.com.au

29032021_KulaGoldMedia_WebsiteFeed_BrunswickProject _Figure03_RegionalMap1

Brunswick Project rock sampling results confirm copper bearing sulphides to 0.35% Cu

⛏️ Kula Gold Limited has released visual results from a rock sampling program in February 2021 reporting visible copper mineralisation at the company’s Brunswick Project in Western Australia.

The assay results from those rock samples showed Cu up to 0.35% as chalcopyrite, confirming the presence of copper-bearing sulphides in the project area.

“This is an exciting early-stage development on our Brunswick project, which was acquired for Julimar style mineralisation. Our geological team have been walking the ground for a few months now and this work has identified the geological potential for another two styles of mineralisation (Epigenetic gold mineralisation and Archean Cu-Au mineralisation),” Chairman Mark Stowell commented.

29032021_KulaGoldMedia_WebsiteFeed_BrunswickProject _Figure03_RegionalMap1

Full results are included in Table 1 (see full pdf here).

Exploration Commentary.

Fieldwork by the company’s geological team has identified potential for three types of mineralisation at the Company’s ~250km² Brunswick project and these are now the focus of exploration work:

1. Julimar Style Ni-Cu-PGE mineralisation.

2. Epithermal gold mineralisation– as evidenced by the historic Donnybrook Goldmines Ltd south of the licence with production of 1,100oz from 1,497 tons of ore between 1897 and 1904. (Ref: BHP Minerals Ltd DMIRS report of 1 Feb 1987 for exploration work 1985-87)

3. Archean Cu-Au mineralisation analogous to Newmont’s Boddington Copper-Gold Mine 75km NE which is one of the largest gold mines in the world, producing approximately 700k oz Au and 35kt Cu p.a.

Current activities include targeted soil sampling underway at Brunswick, with a total of 228 samples collected to date.

Samples will be assayed for Au, Pt and Pd by fire assay and multi-elements by ICP-MS.

Approximately 200 of the above samples will be assayed for multi-elements at Intertek Labs Perth to compare the results for the same samples from the Portable X-Ray Fluorescence machine (PXRF). This will facilitate using the PXRF for multi-element analysis in the ongoing soil sampling programs at Kula’s projects for significant cost and time savings in future sampling and analysis (ie immediate on ground results for immediate follow-up as opposed to the 5-6 week lag for lab assays and new field trip).

All ongoing soil samples will be assayed for Au, Pt and Pd (and Li, where applicable) at Intertek or other labs.

Results from exploration will be reported in due course.

– News Release –
Date: 29 March 2021 | ASX Code: KGD

Competent Person:
The information in this announcement that relates to exploration results is based on information compiled by Company geologists and reviewed by Mr Adam Anderson, in his capacity as the Exploration Manager of Kula Gold Limited. Mr Anderson is a Member of the AUSIMM and AIG and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 JORC Code. Mr. Anderson consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.


About the Company
Kula Gold Ltd (ASX: KGD) is a Western Australia gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has projects within the Southern Cross WA region including Marvel Loch, Rankin Dome and Westonia, as well as near Kurnalpi and Brunswick. The company has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG.
Contact the Company Secretary on Tel: +61(08) 6144 0592 or via cosec@kulagold.com.au

29032021_KulaGoldMedia_WebsiteFeed_BrunswickProject _Figure01_CrayfishTargetsAirfieldsq

2000m drilling program to commence next week at Airfield Gold

⛏️ Kula Gold Limited announced that Stark Drilling has been contracted to complete a 2000m drilling program at the company’s Airfield Gold Project (E77/2621) near Southern Cross in Western Australia.

The program will commence next week – week starting Monday 5 April 2021.

29032021_KulaGoldMedia_WebsiteFeed_BrunswickProject _Figure02_SothernCrossMap1

Figure 1: Kula’s Airfield Gold project in Blue, and Regional Landholding -Southern Cross

Drilling is planned to test the 700m long Crayfish Au in soil anomaly generated by auger drilling in December 2020 – as identified in Figure 2.

29032021_KulaGoldMedia_WebsiteFeed_BrunswickProject _Figure01_CrayfishTargetsAirfieldsq

Additional targets generated from auger geochemistry and remote sensing analysis will also be drilled.

– News Release –
Date: 29 March  2021 | ASX Code: KGD


About the Company
Kula Gold Ltd (ASX: KGD) is a Western Australia gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has projects within the Southern Cross WA region including Marvel Loch, Rankin Dome and Westonia, as well as near Kurnalpi and Brunswick. The company has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG.
Contact the Company Secretary on Tel: +61(08) 6144 0592 or via cosec@kulagold.com.au

KulaMedia_MH_InterviewwithMStowell_March2021aa

Kula Gold Chairman features on The Market Herald’s ‘Deal Room’

⛏️ Earlier this month, Kula Gold Limited Chairman Mark Stowell spoke with Sonia Madigan from The Market Herald’s ‘Deal Room’ to discuss what the company was undertaking in H1 of 2021.

“We’ve got a new take on things,” Stowell tells Madigan, as Kula’s number of projects in Western Australia reached four in early 2021 with the addition of the Westonia Project next to the Edna May Gold Mine.

“We want to drill in the right place and follow where the gold or the copper is, so we will be doing it carefully as we go. The key with our approach is not wasting shareholders’ money, so if we’re drilling in areas where we’re not getting results we will stop and have a rethink, and hopefully hit it the next time.”

KulaMedia_MH_InterviewwithMStowell_March2021aa

Chairman Mark Stowell talks with Sonia Madigan from The Market Herald – March 2021.

“Westonia now forms part of our Southern Cross projects and we’ve been active in that area for a number of years now. We’ve done more generative and geophysics work on the drilling we’ve been doing in the area, and this identified that quite a lot of the historic work may not have gone deep enough to properly test for gold deposits in the area.”

⛏️ Airfield Gold Project Auger Drilling Results Q4 2020

“These areas have been relinquished by former owners on the basis that they didn’t think there was much there but we’ve got a new take on that and we’re going to tackle it quite heavily this year.”

Chairman Mark Stowell displaying a recent rock finding from Kula's Brunswick Project

Chairman Mark Stowell displaying a recent rock finding from Kula’s Brunswick Project

Stowell also expands on the results from one of the low-cost exploration methods being used by Kula in their Brunswick Project, which can then inform where Kula needs to spend on drilling.

“Here’s an example of what we found in Brunswick just recently driving around, and this rock branded 0.15% nickel, and that gives us the basis to map out and soil sample as to what the bigger picture might be there. And then we’ll bring the drill rigs in and that costs,” Stowell explains.

“A number of projects have advanced through to that stage (of drilling), so there’s the reason for the recent capital raising.”

The full 7 minute interview covered a range of topics including:

  • Why Kula targets tenements close to existing gold mines in WA – including the February acquisition of the Westonia Project next to the Edna May Gold Mine and their existing Southern Cross and Brunswick projects.
  • The value of investing in the geologists working for Kula.
  • The potential copper breakthrough at the Brunswick Project in February 2021.
  • Where Kula is RC and Air-core drilling in H1 of 2021 – and how Kula’s recent and current low-cost exploration of new projects is informing these targets.
  • The reasons behind capital raising in early 2021, and the reasons behind the current low market capitalisation and the opportunities that presents to grow from.
  • How Kula views the potential for commercial arrangements with existing mining infrastructure near Kula’s current projects.
Chairman Mark Stowell talks with The Market Herald - March 2021

Watch the full interview on the The Market Herald website.

You can watch the full interview from the 7:33 mark on The Market Herald Website here.

– News Release –
Date: 23 March 2021 | ASX Code: KGD


About the Company
Kula Gold Ltd (ASX: KGD) is a Western Australia gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has projects within the Southern Cross WA region including Marvel Loch, Rankin Dome and Westonia, as well as near Kurnalpi and Brunswick. The company has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG.
Contact the Company Secretary on Tel: +61(08) 6144 0592 or via cosec@kulagold.com.au

Kula Gold Logo 600

Kula Gold Director buys more Kula shares

⛏️ A Kula Gold Limited Director and major shareholder made a sizeable purchase of KGD shares this week.

 

Kula Gold Logo 600
– News Release –
Date: 12 March 2021 | ASX Code: KGD

About the Company
Kula Gold Ltd (ASX: KGD) is a Western Australia gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has projects within the Southern Cross WA region including Marvel Loch, Rankin Dome and Westonia, as well as near Kurnalpi and Brunswick. The company has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG.
Contact the Company Secretary on Tel: +61(08) 6144 0592 or via info@kulagold.com.au