Historic photo of the Edna May Gold Mine - courtesy of www.westonia.wa.gov.au

Edna May Gold Mine History – adjacent to Kula’s Westonia Project

⛏️ Kula Gold Limited’s new ‘Westonia Gold Project‘ covers an area of ~357km² and sits adjacent to the Edna May Gold Mine operated by Ramelius Resources Ltd (ASX:RMS).

The Edna May site was first discovered in 1911 and under Ramelius Resources is a substantial gold producer in the Southern Cross region of Western Australia (which is now home to three Kula Gold Projects).

Edna May Gold Mine from the air - courtesy of www.rameliusresources.com.au

Edna May Gold Mine from the air – courtesy of www.rameliusresources.com.au

It has a notable production history as detailed below, including historical production 1911-1991 of 700,000 Oz.

Since re-starting in 2010 has produced approximately 80-100,000 Oz p.a. and hosts resources of 28mt @1.0 g/t gold for 930,000 Oz as at 31 December 2020. (Ramelius Resources Ltd Annual Report 31 December 2020).

In total, the Edna May gold mine has an endowment of over 2 million Oz gold.

For details on Kula Gold’s next steps at Westonia – including planned exploration and activities in March and April 2021 – please see this news release.

Historic photo of the Edna May Gold Mine - courtesy of www.westonia.wa.gov.au

Historic photo of the Edna May Gold Mine – courtesy of www.westonia.wa.gov.au

⛏️ Edna May Gold Mine History.

In 1911, the prospector Edmund John Annear applied for the first mining lease at a strike 1km north of the Westonia Townsite. He quickly established a mine at the claim which he named the Edna May after his aunt.

The Edna May mine produced 171,000 Oz of gold but by 1922 the mine was forced to close due to problems with underground water and the exhaustion of the high-grade ore supply.

In 1935 mining resumed with around 355,000 Oz gold produced before the mine closed in 1947. Water was again a problem as well as labour supply shortages created by the war.

New mining techniques saw the Edna May reopened as an open pit operation by ACM Gold in 1985. The mine produced 274,000 Oz at an average grade of 1.97 g/t of ore. Underground water and low ore quality were again factors resulting in the closure of the mine in 1991.

Ramelius Resources (previously Evolution Mining Ltd, Catalpa Resources Ltd and before that Westonia Mines Ltd) now owns the Edna May. After completing extensive drilling at the site, the company purchased a process plant from the Big Bell mine near Cue in Western Australia’s north and transported it to the Edna May site in 2007. Catalpa Resources then commenced the process of re-building the Edna May mine and processing plant. This process was completed and Evolution Mining poured the first gold from the Edna May in April 2010.

This signalled the Edna May’s movement into full mining production for the fourth time, and has been continuous production since then.

Image of the Edna May Gold Mine - courtesy of www.westonia.wa.gov.au

Recent image of the Edna May Gold Mine – courtesy of www.westonia.wa.gov.au

⛏️This acquisition continues Kula’s focus of drilling near to operating gold mines as geologically proven areas for discovery, and importantly the development and mining of any discovery is potentially much quicker and any development of future projects would require far less capex than a green fields new mine development.

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

Map of Kula Gold’s new Westonia Project – adjacent to the Edna May Gold Mine.

⛏️The Westonia Gold Project brings Kula’s projects across the Southern Cross area to a total of three – alongside Airfield Gold at Marvel Loch and Rankin Dome.

Figure 4 - Kula’s Southern Cross region projects (Kula licenses are outlined in gold).

Figure 4 – Kula’s Southern Cross region projects (Kula licenses are outlined in gold).

– News Release –
Date: 26 February 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

23022021_KulaGoldMedia_WebsiteMap_WestoniaProject _MarketHeraldArticle

Media Coverage: The Market Herald, Feb 24 2020

The Market Herald has covered Kula Gold’s addition of the Westonia Gold Project adjacent to the Edna May gold mine.

The item ran on Wednesday 24 February 2021 and was written by Elise Kelly.

You can read The Market Herald news item in full here.

In addition, you can view Kula Gold’s news release here, with the new ‘Westonia Gold Project‘ covering an area of ~357km² and will be an additional focus for Kula’s Southern Cross exploration programs which are gearing up in March/April 2021.

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

Map of Kula Gold’s new Westonia Project.

– News Release –
Date: 25 February 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 Rankin Dome and Marvel Loch, 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

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

Kula adds Westonia Gold Project adjacent to Edna May Gold Mine

⛏️ Kula Gold Limited is pleased to advise that the Company has applied for four new exploration licenses adjacent to the Edna May Gold Mine.

The combined licences making up the ‘Westonia Gold Project‘, shown in Figure 1 below, cover an area of ~357km² and will be an additional focus for Kula’s Southern Cross exploration programs which are gearing up in March/April 2021.

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

Figure 1 – Map of Kula Gold’s new Westonia Project.

Highlights:

• Secured tenement applications covering 357km², located adjacent to the Edna May Gold Mine at Westonia, WA.

• Gravity and magnetic targets identified by Kula from reprocessing publicly available data.

⛏️ New Westonia Gold Project.

This acquisition continues Kula’s focus of drilling near to operating gold mines as geologically proven areas for discovery, and importantly the development and mining of any discovery is potentially much quicker and any development of future projects would require far less capex than a green fields new mine development.

The Edna May gold mine is a substantial producer in the Southern Cross region, owned by Ramelius Resources Ltd (ASX:RMS). It has a notable production history as detailed later in this release, including historical production 1911-1991 of 700,000 Oz, Since re-starting in 2010 has produced approximately 80-100,000 Oz p.a. and hosts resources of 28mt @1.0 g/t gold for 930,000 Oz as at 31 December 2020. (Ramelius Resources Ltd Annual Report 31 December 2020).

In total, the Edna May gold mine has an endowment of over 2 million Oz gold.

No historical gold drilling has been undertaken on the southern section (E77/2766), as per the WAMEX database.

Kula plans to test the gravity anomaly shown in Figure 2 below with deeper auger drilling to adequately test for gold anomalism below the interpreted transported soil cover.

The gravity anomaly of interest is similar in tenor to surrounding anomalies which host gold mineralisation (yellow triangles in the figure below) and include the Edna May gold deposits.

Figure 2 - Gravity anomaly (red circle) on E77/2766 with gold deposits as yellow triangles at Kula Gold's new Westonia Project.

Figure 2 – Gravity anomaly (red circle) on E77/2766 with gold deposits as yellow triangles at Kula Gold’s new Westonia Project.

The licences, to the northeast of Edna May, were acquired based on magnetic targets which suggest a potential northern extension of the greenstone belt as shown in Figure 3 below.

Previous exploration in Kula’s Northern Westonia license has consisted of surface sampling which did not reveal any significant gold anomalies. Kula’s concept is that the previous surface soil sampling work was ineffective in testing the areas for gold mineralisation, therefore Kula will employ deeper auger type geochemical sampling to better test the gold potential of the licences at low cost.

Further work on the Westonia project is in progress, and results will be reported in due course.

Figure 3 - Reprocessed TMI-RTP magnetics showing potential greenstones north of Westonia.

Figure 3 – Reprocessed TMI-RTP magnetics showing potential greenstones north of Westonia.

⛏️ Edna May Gold Mine History.

In 1911, the prospector Edmund John Annear applied for the first mining lease at a strike 1km north of the Westonia Townsite. He quickly established a mine at the claim which he named the Edna May after his aunt.

The Edna May mine produced 171,000 Oz of gold but by 1922 the mine was forced to close due to problems with underground water and the exhaustion of the high-grade ore supply.

In 1935 mining resumed with around 355,000 Oz gold produced before the mine closed in 1947. Water was again a problem as well as labour supply shortages created by the war.

New mining techniques saw the Edna May reopened as an open pit operation by ACM Gold in 1985. The mine produced 274,000 Oz at an average grade of 1.97 g/t of ore. Underground water and low ore quality were again factors resulting in the closure of the mine in 1991.

Ramelius Resources (previously Evolution Mining Ltd, Catalpa Resources Ltd and before that Westonia Mines Ltd) now owns the Edna May. After completing extensive drilling at the site, the company purchased a process plant from the Big Bell mine near Cue in Western Australia’s north and transported it to the Edna May site in 2007. Catalpa Resources then commenced the process of re-building the Edna May mine and processing plant. This process was completed and Evolution Mining poured the first gold from the Edna May in April 2010.

This signalled the Edna May’s movement into full mining production for the fourth time, and has been continuous production since then.

Source: https://www.westonia.wa.gov.au/explore/what-to-do-(attractions)/edna-may-gold-mine.aspx

⛏️ The acquisition of the Westonia Gold Project now brings Kula’s projects at Southern Cross to a total of three – alongside Airfield Gold at Marvel Loch and Rankin Dome.

Figure 4 - Kula’s Southern Cross region projects (Kula licenses are outlined in gold).

Figure 4 – Kula’s Southern Cross region projects (Kula licenses are outlined in gold).

– News Release –
Date: 23 February 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

Figure 2. Closeup picture of the chalcopyrite veinlet from Figure 1 - February 2021

Copper mineralisation identified at Brunswick Project in the Western Gneiss Terrain

Kula Gold Limited reports their recent soil sampling program at the Brunswick Ni-Cu-PGE Project in February 2021 has successfully identified primary copper mineralisation (chalcopyrite+-bornite) in silicified amphibolite.

The discovery is particularly significant for the company as it validates the exploration concept behind the acquisition of the licences within the Western Gneiss Terrain.

Highlights:

Visible copper mineralisation as chalcopyrite identified at Kula’s Brunswick Project in the Southwest of WA.

A total of six 2-10 kg rock chip samples were collected from the Location which have been submitted to Bureau Veritas for urgent gold, PGE and multi-element assays.

The Western Gneiss Terrain is also host to the recently discovered Julimar Ni-Cu-Co-Au-PGE Deposit to the north.

The images below show examples of the veined and matrix-style mineralisation discovered at the Brunswick Project in February 2021.

Figure 1 - Rock samples from Brunswick Ni-Cu-PGE Project - February 2021.

Figure 1 – Rock samples from Brunswick Ni-Cu-PGE Project – February 2021.

A total of six 2-10 kg rock chip samples were collected from the location which have been submitted to Bureau Veritas for urgent gold, PGE and multi-element assays.

Kula has purchased remotely sensed ASTER data—processed for certain spectra of interest, which show additional targets in the licence area, all of which have not been historically explored.

Figure 2. Closeup picture of the chalcopyrite veinlet from Figure 1 - February 2021.

Figure 2. Closeup picture of the chalcopyrite veinlet from Figure 1 – February 2021.

Figure 3. Matrix style pyrite + chalcopyrite ± pyrrhotite mineralisation from the same locality at Brunswick - February 2021.

Figure 3. Matrix style pyrite + chalcopyrite ± pyrrhotite mineralisation from the same locality at Brunswick – February 2021.

An extensive soil sampling program over these new areas of interest is planned for the coming weeks, followed by RC drilling to test the extent of the mineralisation, once relevant approvals are obtained.

Kula Gold Limited has also expanded its Brunswick landholding with the application of 6 blocks in EL 70/5703.

17022021_KulaGoldMedia_Website_BrunswickProject - Figure 4 - Project Area Expansion

Figure 4 – Expansion of Brunswick Ni-Cu-PGE Project Area – February 2021

Further project updates and assay results will be reported in due course.

– News Release –
Date: 17 February 2021 | ASX Code: KGD

The information in this report that relates to geology and exploration is based on information compiled by Mr. Adam Anderson, a Competent Person who is a member of the Australian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr. Anderson is a Geology and Exploration Consultant who has been engaged by Kula Gold Ltd. Mr. Anderson 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. Anderson 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 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 Rankin Dome and Marvel Loch, 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

Kula Gold Brunswick Soil Sampling Headerl

Brunswick Project exploration continues with soil sampling program

Kula Gold Limited has their high level exploration team currently prospecting more of their 240km² Brunswick Ni-Cu-PGE Project, with the team undertaking a comprehensive soil sampling program to test the majority of the magnetic targets identified at the location (to date).

Fresh from releasing images of Amphibolite rock samples which advanced Kula’s mineralisation understanding of the project in early February, the Kula team has continued their exploration of the site and is conducting its first soil sampling program across the month of February.

What excites Kula about the Brunswick area is the site almost totally unexplored and is situated not far from the Chalice Gold Mines (the Julimar Ni-Cu-PGE Project). Last week DevEx Resources also announced they had begun an air-core drilling program at its Sovereign Project – which is north of Chalice’s Julimar project) targeting Ni-Cu-PGE mineralisation.

From DevEx Resources on February 8 2021:

“DevEx Resources (ASX: DEV) is pleased to advise that a maiden air-core (AC) drilling program has commenced at its Sovereign Project in the Julimar Region of Western Australia, targeting nickel-copper-platinum group element (PGE) mineralisation.

The Sovereign Project overlies a magnetic complex of rocks that is interpreted to be part of the same mafic-ultramafic intrusive rocks hosting the Julimar Complex, where Chalice Mining Limited (ASX: CHN) has discovered significant Ni-Cu-PGE mineralisation.

The ~7,000m program, comprising 230 holes, forms part of a substantial, project-wide exploration campaign, and marks the first-ever drilling to be undertaken at depth on the Sovereign Project.”

For the full release please visit the DevEx Resources Website for the PDF.

Kula Gold's exploration team in the field at Brunswick in February 2021

Kula Gold’s exploration team in the field at Brunswick in February 2021

The Brunswick licence – located in the Western Gneiss Terrain, 150km south of Perth – is also prospective for pegmatites which will be the subject of a planned field mapping program based on Aster imagery.

Kula Gold looks forward to sharing news from the soil sampling program in the near future.

– News Release –
Date: 16 February 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 Rankin Dome and Marvel Loch, 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

E77/2753 Magnetics  at Rankin Dome 2

Kula Gold adds third licence to Southern Cross portfolio

Kula Gold Limited has announced plans to add a third licence – Rankin Dome 2 – to their Southern Cross portfolio, after exploration at the end of 2020 discovered Ultramafics with Nickel and Gold potential to the north-west of their existing Rankin Dome and Airfield Gold Projects.

The findings were released in the company’s latest Quarterly Activity Report – Q4 2020 and details are below.

The company has also recently added two geologists (including a Nickel specialist) to the geological team, allowing for more rapid exploration assessment of our projects.

> Rankin Dome 2 Project.

A new licence (E77/2753) was applied for 26km north-west of Southern Cross after a field visit in late 2020 showed Ultramafics outcropping in the north-west corner of the licence application. The magnetic interpretation shows about 6km of potential Ultramafic strike and a further 3.5km of strike in the south-east corner of the licence which require testing.

This licence abuts and extends the company’s existing Rankin Dome Project (E77/2709).

Previous exploration has consisted of 903 surface soil samples which were collected and assayed by Gryphon in 2008. No significant anomalies were generated by this program, however Kula’s work on adjacent tenements indicate several metres of transported cover which may render the historic results ineffective. As such, Kula is planning an auger geochemical sampling program to effectively test target areas from the Kula Gold Ltd magnetics (see figure below).

Historical drilling in 1972 by International Nickel Australia intersected 27m @ 0.17% Ni validating the prospective nature of the Ultramafics which trend south-east into the new licence.

E77/2753 Magnetics  at Rankin Dome 2

E77/2753 Magnetics at Rankin Dome 2

For the geographical location of Rankin Dome 2 (E77/2753) please refer to the map below.

Location of Kula’s Southern Cross Gold Projects.

Kula Gold’s Rankin Dome 2 Project (E77/2753) is located north-west of Southern Cross in WA.

Kula Gold QAR Q4

You can read Kula Gold’s Latest Quarterly Activity Report (Q4 2020) released on 29 January 2021 here.

– News Release –
Date: 10 February 2021 | ASX Code: KGD

The information in this report that relates to geology and exploration is based on information compiled by Mr. Adam Anderson, a Competent Person who is a member of the Australian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr. Anderson is a Geology and Exploration Consultant who has been engaged by Kula Gold Ltd. Mr. Anderson 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. Anderson 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 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 Rankin Dome and Marvel Loch, 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

02022021 Kula Gold Limited - Brunswick Project - Amphibolite Rock Examples Header

Kula advances Ni-Cu-PGE mineralisation understanding at Brunswick Project

Kula Gold Limited unveils amphibolite rock findings from Brunswick Project as it advances Ni-Cu-PGE mineralisation understanding at licence. Samples collected in Q4 2020.

>Brunswick Ni-Cu-PGE Project – Amphibolite rock examples.

Kula Gold’s Brunswick Project (licence E70/5599) covers 240km² and is located in the highly prospective Western Gneiss Terrain (approx. 150km south of Perth) which also hosts Chalice Gold Mines (the Julimar Ni-Cu-PGE Project), approx. 150km south of Perth in Western Australia.

The open file magnetic data collected in Q4 2020 (see latest Quarterly Activity Report) shows some subdued magnetic highs which the company thought was worth investigating further to see if the subdued magnetic response was masking potential Ultramafics in the licence area.

The open file magnetics within the licence area were reprocessed to highlight the magnetic highs some of which have been field checked. To date the magnetic highs are associated with Amphibolite rocks as shown in photo below.

Amphibolite rock examples from Brunswick Project - Q4 2020.

Amphibolite rock examples from Brunswick Project – Q4 2020.

The amphibolite grades from a hornblende – feldspar type (on the left of image above) to a hornblendite with 98% magnesium-hornblende with anomalous Nickel suggesting a potential ultramafic pre-cursor rock. At one site 7 soil samples were collected along a road cutting and two were sieved to -80um and analysed with the XRF which showed anomalous Cr, Ti, V, Cu and Ni.

The rock on the right in the image above contains anomalous Ni with 1540ppm from a rock chip sample assayed at Bureau Veritas which confirms the previously reported XRF reading of 2,000ppm.

Magnetic highs are typically associated with Amphibolite. Gold stars show historical gold projects, White stars are known pegmatites, Blue stars are known rock/laterite quarries in the area.

Magnetic highs are typically associated with Amphibolite. Gold stars show historical gold projects, White stars are known pegmatites, Blue stars are known rock/laterite quarries in the area.

The Brunswick licence is also prospective for pegmatites which will be the subject of a planned field mapping program based on Aster imagery. A comprehensive soil sampling program is commencing this quarter (Q1 2021) to test the majority of the magnetic targets identified to date.

Kula Gold QAR Q4

You can read Kula Gold’s Latest Quarterly Activity Report (Q4 2020) released on 29 January 2021 here.

– News Release –
Date: 2 February 2021 | ASX Code: KGD

The information in this report that relates to geology and exploration is based on information compiled by Mr. Adam Anderson, a Competent Person who is a member of the Australian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr. Anderson is a Geology and Exploration Consultant who has been engaged by Kula Gold Ltd. Mr. Anderson 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. Anderson 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 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 Rankin Dome and Marvel Loch, 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

Crayfish Gold Project gold in auger results in ppb showing target areas .

Airfield Gold Project Auger Drilling Results Q4 2020

Kula Gold Limited has released the results from their Auger Drilling program carried out at their Southern Cross Projects in December 2020.

The program produced 267 auger holes across the crayfish prospect at the Airfield Gold Project and the resulting details are below.

Location of Kula’s Southern Cross Gold Projects.

Location of Kula’s Southern Cross Gold Projects.

> Airfield Gold Project
Marvel Loch, Southern Cross, Western Australia.

The Marvel Loch-Airfield Gold project covers an area of 120km² over the south-central part of the Ghooli Dome, 5km east of the town of Marvel Loch, a major gold mining centre. This region has seen over 15Moz of historical gold production and the Marvel Loch mine and mill continue production under the ownership of Minjar Gold. Historic exploration was carried out by Sons of Gwalia Ltd (“SOG”) in the late 1980’s, and closing reports recommended follow-up drilling of these targets.

Auger Drilling Program Results (December 2020)

An auger drilling program was carried out in December which was designed to test previously reported SOG generated gold in soil anomalies, as well as Kula generated targets from reprocessed and reinterpreted magnetics. The Crayfish prospect was tested with a total of 267 auger holes for 1050m in December 2020 and the claypan area to the east was tested with 14 auger holes. The average depth of the holes was 3.8m and a bottom of hole residual sample (Laterite or Saprolite) was routinely collected from each hole and sent to Bureau Veritas for gold analysis by Bottle Roll and ICP-MS and 14 samples were assayed by Fire Assay and ICP-OES for Au and Multi-elements.

Results of the program show a coherent 700m long, +8ppb Au anomaly as shown in the figure below. Laboratory turnaround times are approximately 4-5 weeks at present.

Crayfish Gold Project gold in auger results in ppb showing target areas .

Crayfish Gold Project gold in auger results in ppb showing target areas .

> The company will commence a RC drilling program to test for the source of the gold at the Crayfish prospect. Rig quotes and regulatory approvals are in progress.

Additionally, further auger programs are planned to test the eastern part of the licence and the southern part of the licence once the appropriate regulatory approvals have been obtained.

For more detailed exploration results and commentary from the Airfield Gold Project please access the Results PDF below.

Kula Gold Report AirfieldGoldProject Q4 Header

Airfield Gold Project Exploration Results – QAR Q4 2020

Kula Gold QAR Q4

You can read Kula Gold’s Latest Quarterly Activity Report (Q4 2020) released on 29 January 2021 here.

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

The information in this report that relates to geology and exploration is based on information compiled by Mr. Adam Anderson, a Competent Person who is a member of the Australian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr. Anderson is a Geology and Exploration Consultant who has been engaged by Kula Gold Ltd. Mr. Anderson 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. Anderson 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 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 Rankin Dome and Marvel Loch, 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

Kula Gold Logo 600

Quarterly Activity Report – Q4 period ending 31/12/20

Kula Gold LinkedIn QAR Q4 Header

Kula Gold Ltd (“Kula” or the “Company”) reports on activities for Q4 2020 (period ending 31 December 2020).

Highlights:

  • Auger Drilling results at Southern Cross –Airfield, define RC Drilling Targets.
  • RC Drilling to commence at Airfield – ~8km from operating gold plant at Marvel Loch.
  • Brunswick – Julimar style potential, more confirmatory field results.
  • New Project – Southern Cross Ultramafics – Ni and Au potential.

1. Exploration Projects.

Location of Kula’s Southern Cross Gold Projects.

Location of Kula’s Southern Cross Gold Projects.

1.1. Southern Cross Projects, WA (Kula – 100%).

> Airfield Gold Project.

The Marvel Loch – Airfield Gold project covers an area of 120km² over the south-central part of the Ghooli Dome, 5km east of the town of Marvel Loch, a major gold mining centre. This region has seen over 15Moz of historical gold production and the Marvel Loch mine and mill continue production under the ownership of Minjar Gold. Historic exploration was carried out by Sons of Gwalia Ltd (“SOG”) in the late 1980’s, and closing reports recommended follow-up drilling of these targets.

An auger drilling program was carried out in December which was designed to test previously reported SOG generated gold in soil anomalies, as well as Kula generated targets from reprocessed and reinterpreted magnetics. The Crayfish prospect was tested with a total of 267 auger holes for 1050m in December 2020 and the claypan area to the east was tested with 14 auger holes. The average depth of the holes was 3.8m and a bottom of hole residual sample (Laterite or Saprolite) was routinely collected from each hole and sent to Bureau Veritas for gold analysis by Bottle Roll and ICP-MS and 14 samples were assayed by Fire Assay and ICP-OES for Au and Multi-elements. Results of the program show a coherent 700m long, +8ppb Au anomaly as shown in the figure below. Laboratory turnaround times are approximately 4-5 weeks at present.

The company will commence a RC drilling program to test for the source of the gold at the Crayfish prospect. Rig quotes and regulatory approvals are in progress.

Additionally, further auger programs are planned to test the eastern part of the licence and the southern part of the licence once the appropriate regulatory approvals have been obtained.

Crayfish Gold Project gold in auger results in ppb showing target areas .

Crayfish Gold Project gold in auger results in ppb showing target areas .

> Rankin Dome 2 Gold and Ni Project.

A new licence (E77/2753) was applied for 26km NW of Southern Cross after a field visit showed Ultramafics outcropping in the NW corner of the licence application. The magnetic interpretation shows about 6km of potential Ultramafic strike and a further 3.5km of strike in the SE corner of the licence which require testing.

This licence abuts and extends the company’s Rankin Dome project NW. Previous exploration has consisted of 903 surface soil samples which were collected and assayed by Gryphon in 2008. No significant anomalies were generated by this program, however Kula’s work on adjacent tenements indicate several metres of transported cover which may render the historic results ineffective. As such, Kula is planning an auger geochemical sampling program to effectively test target areas from the Kula Gold Ltd magnetics (Figure below).

Historical drilling in 1972 by International Nickel Australia intersected 27m @ 0.17% Ni validating the prospective nature of the Ultramafics which trend SE into the new licence.

E77/2753 Magnetics  at Rankin Dome 2

E77/2753 Magnetics at Rankin Dome 2

1.2. Brunswick Ni-Cu-PGE Project, WA (Kula – 100%)

The Company applied for an exploration license (E70/5599) that covers 240km² which is located between the towns of Donnybrook and Brunswick Junction, approx. 150km south of Perth. The licence is located in the highly prospective Western Gneiss Terrain which hosts Chalice Gold Mines, Julimar NiCu-PGE Project. The open file magnetic data shows some subdued magnetic highs which the company thought was worth investigating further to see if the subdued magnetic response was masking potential Ultramafics in the licence area. The open file magnetics within the licence area were reprocessed to highlight the magnetic highs some of which have been field checked. To date the magnetic highs are associated with Amphibolite rocks as shown in photo.

The amphibolite grades from a hornblende – feldspar type on left in left photo above to a hornblendite with 98% magnesium-hornblende with anomalous Nickel suggesting a potential ultramafic pre-cursor rock. At one site 7 soil samples were collected along a road cutting and two were sieved to -80um and analysed with the XRF which showed anomalous Cr, Ti, V, Cu and Ni. The rock on the right in the image below contains anomalous Ni with 1540ppm from a rock chip sample assayed at Bureau Veritas which confirms the previously reported XRF reading of 2,000ppm.

Amphibolite rocks from Brunswick Project.

Amphibolite rocks from Brunswick Project.

The Brunswick licence is also prospective for pegmatites which will be the subject of a planned field mapping program based on Aster imagery. A comprehensive soil sampling program is commencing this quarter to test the majority of the magnetic targets identified to date.

Kula has also recently added to the geological team with two geologists including a Nickel specialist, for a more rapid exploration assessment of our projects.

Magnetic highs are typically associated with Amphibolite. Gold stars show historical gold projects, White stars are known pegmatites, Blue stars are known rock/laterite quarries in the area.

Magnetic highs are typically associated with Amphibolite. Gold stars show historical gold projects, White stars are known pegmatites, Blue stars are known rock/laterite quarries in the area.

1.3. Lake Rebecca Gold Project, Kurnalpi, WA (Kula – 100%)

A field work program is scheduled for later this year at the Lake Rebecca Gold Project. The next exploration program will focus on the southern area identified in Kula’s large 194km² tenement holding, associated with unmixed chalcopyrite reflectance spectra zones from remotely sensed satellite imagery, and coincident interpreted structural targets. A work plan comprising shallow geochemical auger drilling over each area totalling approximately 200 holes will be carried out.

Kula’s Lake Rebecca tenements, 125km east of Kalgoorlie, adjacent to leases being explored by Apollo Consolidated (ASX: AOP) and Bulletin Resources (ASX: BNR)

Kula’s Lake Rebecca tenements, 125km east of Kalgoorlie, adjacent to leases being explored by Apollo Consolidated (ASX: AOP) and Bulletin Resources (ASX: BNR)

1.4. New Project Generation

Kula is continuing to generate new exploration projects and further details will be provided once regulatory approvals and data validation has been completed.

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

The information in this report that relates to geology and exploration is based on information compiled by Mr. Adam Anderson, a Competent Person who is a member of the Australian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr. Anderson is a Geology and Exploration Consultant who has been engaged by Kula Gold Ltd. Mr. Anderson 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. Anderson 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 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 Rankin Dome and Marvel Loch, 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

Map of Kula Gold's Project Locations across Western Australia entering 2021.

Kula Gold’s 2021 Schedule of Operations

Kula Gold Limited’s 2021 Schedule of Operations for the first half of the year – from January through July – across all four of the company’s major projects in Western Australia has been released.

Watch out for the the company’s Quarterly Activity Report for Q4 (period ending 31 December 2020) – scheduled for distribution later this week (week ending January 29, 2021).

2021 Schedule of Operations - First Half.

2021 Schedule of Operations – First Half.

>> You can access the entirety of Kula Gold Limited’s Corporate Overview published in January 2021 here.

Kula Gold Ltd (ASX: KGD) is a Western Australian gold exploration company focused on large land positions and structural/geological settings capable of hosting ~1m oz deposits.

Read more about our WA projects here.

Map of Kula Gold's Projects in Western Australia entering 2021

Map of Kula Gold’s Projects in Western Australia entering 2021

The above Corporate Overview document includes a Cautionary Statement, Disclaimer and Competent Person Statements on Page 2.

– News Release –
Date: 25 January 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 Rankin Dome and Marvel Loch, 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