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

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

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

Kula Gold Logo 600

Kula Gold releases Corporate Overview for the year ahead 2021

Kula Gold Limited has today released its Corporate Overview for the year ahead 2021.

It includes a Corporate Snapshot, details on the four Kula Gold projects in Western Australia, breakdown of the technology being used by Kula Gold in the field and 2021 Schedule of Operations.

>> Please download the PDF here: Kula Gold Limited Corporate Overview – January 2021

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.

The company currently has four major projects across Western Australia:

• The Rankin Dome and Marvel Loch Projects are located at Southern Cross WA, and there are two under-utilised operating gold mills in the district.

• The Brunswick Project – potential for nickel and gold mineralisation.

• The Kurnalpi Project near Apollo Consolidated (ASX:AOP) – Lake Rebecca 1Moz resource gold deposit.

Kula has a history of gold resource discovery with its foundation Woodlark Island Gold Project in PNG, which was sold in 2019 and proceeds were distributed to Kula shareholders.

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

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

This document includes a Cautionary Statement, Disclaimer and Competent Person Statements on Page 2.

– News Release –
Date: 7 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

Kula Gold's X-ray Fluorescence Machine in action.

Kula Gold investing in best technology for Brunswick Project

Olympus Vanta 50Kv PXRF in action.

Kula Gold’s exploration team is utilising the best technology as they ramp up exploration of their newly acquired Brunswick Project.

The use of an Olympus Vanta 50Kv PXRF (X-Ray Fluorescence Machine) has already yielded results with the identification of potential Ultramafics amongst the Western Gneiss Terrain.

Kula Gold's X-ray Fluorescence Machine in action.

Kula Gold’s X-ray Fluorescence Machine in action in Western Gneiss Terrain, WA.

>> Excerpt from Brunswick Project shows significant advancement:

“Site 4 (as seen in Figure 1 below) was a NE trending magnetic high which is defined by a NE trending meta-ultramafic unit with PXRF readings of up to 2000ppm Ni (0.2%).  A thin section was prepared by Roger Townend and described as a Hornblende schist or Amphibolite (meta-Ultramafic/Mafic precursor).

Readings of the rock-chip samples were taken with an Olympus Vanta 50Kv PXRF, which have been submitted to Bureau Veritas for comparative assays.  It should be noted that PXRF readings were taken from the rock-chips and as such are not representative of whole rock analysis, and were used for rock geochemistry purposes only.  The comparative assays will be released in due course.

Exploration at Brunswick continues and results will be reported as further advancements are made.”

Figure 2 Red areas in the reprocessed magnetics interpreted to be potential Ultramafics/Mafics – subject to further field verification and sites visited during the field visit. Gold stars show historical gold projects, White stars are known pegmatites, Blue stars are known rock/laterite quarries in the area.

Figure 1 – Red areas in the reprocessed magnetics interpreted to be potential Ultramafics/Mafics – subject to further field verification. Key sites of geological interest visited during field reconnaissance noted. Gold stars show historical gold projects, white stars are known pegmatites, blue stars are known rock/laterite quarries in the area.

Kula Gold applied for an exploration license (ELA70/5599) for the Brunswick Project which 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 Ni-Cu-PGE Project to the North.

– News Release –
Date: 11 November 2020 | 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

Kula Gold's exploration license (E70/5599) for the Brunswick Project covers 240km² and is located between the towns of Donnybrook and Brunswick Junction, approx. 150km south of Perth, WA.

Brunswick Project shows significant advancement

Kula Gold Limited reports significant exploration advancement on its Brunswick Ni-Cu-PGE Project.

Recent fieldwork successfully identified potential Ultramafics in this new licence in the prospective Western Gneiss Terrain in the south west of Western Australia, including PXRF readings up to 0.2%Ni at surface. This may be the first recorded Ultramafics in this under-explored district.

These are exceptional results from such early stage work, provide validation for the basis of acquisition, and focus areas of interest within Kula’s large 240km2 landholding. The Western Gneiss Terrain also hosts Chalice Gold Mines, Julimar Ni-Cu-PGE Project to the north.

The open file magnetic data shows some subdued magnetic highs which Kula Gold considered worth investigating further to see if the subdued magnetic response was masking potential Ultramafics in the area.

Kula Gold's exploration license (E70/5599) for the Brunswick Project covers 240km² and is located between the towns of Donnybrook and Brunswick Junction, approx. 150km south of Perth, WA.

Kula Gold’s Brunswick Project (ELA70/5599) covers 240km² and is located between the towns of Donnybrook and Brunswick Junction, approx. 150km south of Perth, WA.

Reconnaissance fieldwork has been completed and several target areas were field checked using public road access which are shown in Figure 1 below.

The Brunswick gold occurrence at Site 1 consists of two old shafts which have been covered by large trees and metal.  There is no recorded drilling at this historic mine which consists of Au mineralization in pyritic quartzite and schist exposed in shafts at the site.

Sub-crop at Site 2 revealed a strongly silicified pillow basalt that is deemed responsible for the higher magnetic response.

Site 3 consists of a Qtz-limonite-sericite schist which was K-altered and showed consistent anomalous Co from 400 – 730ppm.

Site 4 was a NE trending magnetic high which is defined by a NE trending meta-ultramafic unit with PXRF readings of up to 2000ppm Ni (0.2%).  A thin section was prepared by Roger Townend and described as a Hornblende schist or Amphibolite (meta-Ultramafic/Mafic precursor).

Figure 2 Red areas in the reprocessed magnetics interpreted to be potential Ultramafics/Mafics – subject to further field verification and sites visited during the field visit. Gold stars show historical gold projects, White stars are known pegmatites, Blue stars are known rock/laterite quarries in the area.

Figure 1 – Red areas in the reprocessed magnetics interpreted to be potential Ultramafics/Mafics – subject to further field verification. Key sites of geological interest visited during field reconnaissance noted. Gold stars show historical gold projects, white stars are known pegmatites, blue stars are known rock/laterite quarries in the area.

Readings of the rock-chip samples were taken with an Olympus Vanta 50Kv PXRF, which have been submitted to Bureau Veritas for comparative assays.  It should be noted that PXRF readings were taken from the rock-chips and as such are not representative of whole rock analysis, and were used for rock geochemistry purposes only.  The comparative assays will be released in due course.

Landowner access to locations of interest are in progress.

Exploration at Brunswick continues and results will be reported as further advancements are made.

Brunswick Ni-Cu-PGE Prospect Location Map.

Brunswick ELA 70/5599 Location Map.

Key Terms
Ni Nickel
Cu Copper
PGE Platinum Group Elements
Au Gold
Qtz Quartz
K Potassium
Co Cobalt
Ppm Parts Per Million
PXRF Portable X-Ray Fluorescence

– News Release –

Date: 10 November 2020 | 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

KulaGold_Brunswick_DualImageComparisonOctober2020_Cover

Brunswick Project a substantial addition to Kula Gold portfolio

Brunswick Ni-Cu-PGE Project added to Kula Gold’s portfolio.

“Kula Gold’s technical team have spent many months investigating potential Julimar Style exploration opportunities and following Chalice’s (ASX: CHN) recent spectacular discovery north of Perth, it has resulted in the Brunswick Project acquisition,” Kula Gold Chairman Mark Stowell after the release of the company’s latest Quarterly Activity Report.

“This is a substantial addition to Kula’s exploration portfolio.”

Kula Gold applied for an exploration license (ELA70/5599) which 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 Ni-Cu-PGE Project to the North.

Brunswick Ni-Cu-PGE Prospect Location Map.

Brunswick Ni-Cu-PGE Prospect Location Map.

Studies of the open file magnetic data showed some subdued magnetic highs which Kula considered were 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 which will be field checked in the coming weeks to verify the actual rock types. Comparison of the open file and reprocessed magnetics are shown in the images below.

Images showing the comparison between reprocessed magnetics (left) and the open file magnetics (right) with red areas in the reprocessed magnetics interpreted to be potential Ultramafics – subject to field verification. Gold stars show historical gold projects, White stars are known pegmatites, Blue stars are rock/laterite quarries in the area

Images showing the comparison between reprocessed magnetics (left) and the open file magnetics (right) with red areas in the reprocessed magnetics interpreted to be potential Ultramafics – subject to field verification. Gold stars show historical gold projects, White stars are known pegmatites, Blue stars are rock/laterite quarries in the area

The licence area also contains an historical gold project east of Brunswick Junction known as Brunswick and is also prospective for Lithium bearing pegmatites.

You can view the full Kula Gold Quarterly Activity Report for the period ending 30 September 2020 here.

– News Release –
Date: 26 October 2020 | 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