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

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