The Hunter Venture Headframe Donnybrook Gold Mine WA.

Source: www.donnybrookgold.com.au

Brunswick Project area expanded to include historic Donnybrook Gold Mine

⛏️ Kula Gold Limited has expanded its Brunswick Cu–Ni–PGE, Au Li Project (KGD 100%) and expects to soon announce results from 840 samples that were sent to Bureau Veritas last quarter.

During the quarter Kula expanded the Brunswick Project area after it reached agreement to acquire E70/5560 of 2.9km2 from a private prospecting group for $15,000.

Figure 3. Reprocessed Magnetics showing Kula’s tenements and the Donnybrook Gold Mine (gold star).

Figure 3. Reprocessed Magnetics showing Kula’s tenements and the Donnybrook Gold Mine (gold star).

This granted EL hosts the Donnybrook Gold mine (historic) and includes some of the historical shafts and drives still in existence from the mine which operated in 1897-1903, then 1930’s to 40’s as Hunter Venture mine.

Subsequent to the end of the quarter, all of the Company’s Brunswick tenements were granted, with the granting of the principle tenement E70/5599 covering an approx. 45km north/south length.

The Company is presently compiling historical data for the Donnybrook Gold Mine licence area and plans to complete some surveying of the old shafts and use downhole cameras to survey the crosscut drives. Pending landowner agreement, a small surface channel sampling program will be used to define the gold distribution at surface before planning further work.

The Hunter Venture Headframe Donnybrook Gold Mine WA. Source: www.donnybrookgold.com.au

The Hunter Venture Headframe Donnybrook Gold Mine WA.
Source: www.donnybrookgold.com.au

At the larger Brunswick project, fieldwork by the Company’s geological team has identified potential for three types of mineralisation and these are now the focus of exploration work comprising a large soil sampling program which is well underway with a large quantity of assays pending:

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 March 2021)

The Company has submitted 840 samples to Bureau Veritas for sieving and Au, Pt, Pd analysis with multielements to be determined using pXRF in house. Laboratory turnaround times have increased substantially in the last three months and assays were still pending for the majority of the samples at quarter’s end.

The company also released an Indicative Exploration Timeline for the Next 3 Quarters in its latest Quarterly Activities Report.

Indicative Kula Exploration Timeline for the Next 3 Quarters.

Indicative Kula Exploration Timeline for the Next 3 Quarters.

– News Release –

Date: 30 July 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

KulaGoldMedia_MHDR_InterviewHeader_July2021

Kula Chairman appears on The Market Herald’s Deal Room – July 2021

⛏️ Kula Gold Limited Chairman Mark Stowell appeared on The Market Herald’s Deal Room to discuss the company’s significant Kaolin-Halloysite find at the Boomerang Prospect at Southern Cross and what the company is doing for the rest of 2021.

The company also released its Quarterly Activities Report for the period ending 30 June 2021 earlier today – read all about it here.

KulaGoldMedia_MHDR_InterviewHeader_July2021

You can watch the full 5 minute interview on The Market Herald Website here but below are two key excerpts from the chat.

Excerpt 1.

What has Kula Gold discovered at the Boomerang Prospect, what are the practical uses for Kaolin and what is the infrastructure like at Southern Cross?

Watch Mark Stowell explain below.
Excerpt 2.
What is Kula Gold expecting to announce and achieve over the rest of 2021 at its various projects?
Watch Mark Stowell give an overview below.

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

29072021_KulaGoldMedia_QtrActReportendjune2021_July2021

Quarterly Activity Report – Period Ending 30/06/21

⛏️ Kula Gold Limited is pleased to update exploration activities for the quarter ended 30 June 2021.

29072021_KulaGoldMedia_QtrActReportendjune2021_July2021

HIGHLIGHTS

  • Boomerang Kaolin Prospect discovery – average 42m true thickness, including 10m downhole Halloysite in southern drillhole.
  • Previously unmapped Amphibolite (greenstone) intersected at Crayfish Prospect Southern Cross WA.
  • Three large exploration licences applied for where field mapping has confirmed Amphibolite interpreted from the magnetics.
  • Brunswick EL’s all granted by DMIRS.
  • Acquisition of 100% of E70/5560 adding to the large Brunswick PGE-Ni-Cu, Gold project which hosts some of the historical Donnybrook Gold Mine workings.
  • First pass soils completed over numerous geophysical targets at Brunswick PGE-Ni-Cu, Au Project.

1. Southern Cross-Airfield/Boomerang Kaolin Discovery

The Company received the assays for the previous RC drilling at the Crayfish Prospect on the 100% owned Airfield Project in Southern Cross, with only low-level gold intercepted.

Three holes drilled at the Boomerang Prospect (Airfield Project) intersected thick kaolin clays over weathered granite. A total of 28, 5m composite kaolin samples were sent to Bureau Veritas and CSIRO in Adelaide for wet sieving, XRF, Brightness and XRD analysis to determine the Kaolinite-Halloysite content of the -45µm fraction. Results showed approx. 47% reported to the -45µm fraction and has an average ISO Brightness of 81. The fraction also contained an interval with 10m downhole at 7% Halloysite. The fine fraction also averages 96% Kaolinite-Halloysite content.

The Boomerang Kaolin prospect lies in a favourable location, being ~25km from the Kalgoorlie water pipeline and Highway 94 Perth to Kalgoorlie, and 42km to the Southern Cross rail yard. Whilst Kula’s results are preliminary, the Company believes that the initial assays are significant in grade and extent and require further drilling. An RC rig is booked to continue drilling at the Boomerang Prospect in mid-August to test the exploration target of 30-100mt. (ASX announcement 13 July 2021).

Figure 2. White Kaolin Clays at the Airfield Project from 5 to 60m BMRC001

Figure 1. Bright white Kaolin clays at the Boomerang Project at Airfield Gold Marvel Loch.

2. Southern Cross -Airfield Project (Gold) (KGD 100%)

The Airfield gold project discovered amphibolite in the maiden RC drilling program. Amphibolite is a “greenstone” rock which hosts most of the 15million oz of gold mined and discovered in the Southern Cross region as shown in Fig 2 (below) in green.

Figure 2. The Southern Cross project includes 3 new ELA’s near Marvel Loch at Southern Cross.

Figure 2. The Southern Cross project includes 3 new ELA’s near Marvel Loch at Southern Cross.

Discovery of this prospective gold-hosting rock with anomalous gold values has been a major technical breakthrough, as it was historically mapped as granite (ref Fig 2 above in pink) and was never explored other than with some shallow auger work in 1988 by Sons of Gwalia Ltd (SOG).

As a result, the company’s technical team has been able to identify numerous other occurrences of similar geology and Kula acquired 3 new large ELA’s which encompass those prospects. Fieldwork on ground within days of acquisition confirmed that several prospects host amphibolite/greenstone. (Ref ASX release 2 July 2021).

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

During the quarter Kula expanded the Brunswick project area after it reached agreement to acquire E70/5560 of 2.9km2 from a private prospecting group for $15,000. This granted EL hosts the Donnybrook Gold mine (historic) and includes some of the historical shafts and drives still in existence from the mine which operated in 1897-1903, then 1930’s to 40’s as Hunter Venture mine. Subsequent to the end of the quarter, all of the Company’s Brunswick tenements were granted, with the granting of the principle tenement E70/5599 covering an approx. 45km north/south length.

Figure 3. Reprocessed Magnetics showing Kula’s tenements and the Donnybrook Gold Mine (gold star).

Figure 3. Reprocessed Magnetics showing Kula’s tenements and the Donnybrook Gold Mine (gold star).

The Company is presently compiling historical data for the Donnybrook Gold Mine licence area and plans to complete some surveying of the old shafts and use downhole cameras to survey the crosscut drives. Pending landowner agreement, a small surface channel sampling program will be used to define the gold distribution at surface before planning further work.

Fig 4. The Hunter Venture Headframe Donnybrook Gold Mine WA. Source: www.donnybrookgold.com.au

Fig 4. The Hunter Venture Headframe Donnybrook Gold Mine WA.
Source: www.donnybrookgold.com.au

At the larger Brunswick project, fieldwork by the Company’s geological team has identified potential for three types of mineralisation and these are now the focus of exploration work comprising a large soil sampling program which is well underway with a large quantity of assays pending:

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 March 2021)

The Company has submitted 840 samples to Bureau Veritas for sieving and Au, Pt, Pd analysis with multielements to be determined using pXRF in house. Laboratory turnaround times have increased substantially in the last three months and assays were still pending for the majority of the samples at quarter’s end.

4. Westonia Project at Southern Cross (KGD 100%)

Fig 6. Transported clays over calcrete Westonia Area

Fig 6. Transported clays over calcrete Westonia Area

A field visit to the Westonia area has confirmed extensive laterite development coincident with the gravity target south of Westonia Mine. Once granted an extensive auger program is planned to commence in this area which shows good calcrete development under transported material (Photo below).

Fig 5. Kula’s tenements in the Westonia area

Fig 5. Kula’s tenements in the Westonia area

5. Kurnalpi-Lake Rebecca Gold Project (KGD 100%)

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 planned to commence in Q3.

Fig 7. Kula’s Kurnalpi project tenement location, with neighbouring explorers.

Fig 7. Kula’s Kurnalpi project tenement location, with neighbouring explorers.

6. Indicative Exploration Timeline for the Next 3 Quarters

Indicative Kula Exploration Timeline for the Next 3 Quarters.

Indicative Kula Exploration Timeline for the Next 3 Quarters 2021-2022

7. Corporate

After quarter end, the Company completed a placement of 36m shares to raise $1.8m under its 7.1 and 7.1A share issuance capacity managed by Foster Stockbroking Pty Ltd.

– News Release –
Date: 29 July 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

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

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

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