KulaGold | Brunswick

The end of field geology? Not at Kula Gold

November 8, 2021/in Brunswick, Kurnalpi-Lake Rebecca, Latest News, Southern Cross /by Kula Gold

⛏️ Kula Gold Limited has welcomed the instructional video by geologist Nick Tate, which underpins the company’s approach to exploration across its West Australian tenements.

Tate, from the website www.geologyupskill.com, released a video to his YouTube channel last week highlighting the value of having ‘boots on the ground’ rather than relying solely on technology to identify anomalies in the field.

“There’s a popular perception that with the advent of drones and satellite imagery and high tech geophysics, that pretty soon we won’t need to send geologists out into the field,” Tate explains as he opens the video.

“But we’re going to need boots on the ground, and hammers on outcrops, for some considerable time.”

Tate’s video expands on why this is (in just over two minutes) and is well worth a watch.

Kula Gold Comment:

– News Release –

Date: 8 November 2021 | ASX Code: KGD

Quarterly Activity Report – Period Ending 30/09/21

October 27, 2021/in Brunswick, Kurnalpi-Lake Rebecca, Latest News, Southern Cross /by Kula Gold

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

QAR HIGHLIGHTS

Boomerang Kaolin Prospect, Southern Cross

RC Drilling Discovers +42m Vertical Thickness High Quality Kaolin Clays near surface;
Drillhole 21BMRC001 intersected 10m @ 7% Halloysite from 40m depth downhole (8.8m true thickness) within an intersection of 55m of kaolin downhole.

Brunswick Cu-Ni-PGE, Au Li Project

Results from Company samples up to 7g/t gold and historic BP Minerals/West Coast Holdings Ltd percussion drilling of up to 15m@ 9.92g/t gold from 61m, confirm the gold potential of the wider Brunswick Project.

Airfield Gold Project

RC drilling discovers large areas of previously unmapped nor recognised amphibolite/BIF (greenstone) belts in the Marvel Loch Airfield Gold Project.

Figure 1: Kula’s Extensive Southern Cross and Westona Project Portfolio.

Southern Cross Region (KGD 100%)

The Company reported a major technical breakthrough in the Company’s highly prospective Southern Cross Gold project.

RC drilling discovered large areas of previously unmapped nor recognised amphibolite/BIF (greenstone) belts in the Airfield Gold Project. The Company recognised a geophysical signature associated with the results and has identified numerous repeats of similar greenstone prospects in the region, so Kula has applied for new applications adding to Airfield covering 570km2 .

The Company completed RC drilling at the Airfield Project near Southern Cross WA intersected thick >42m vertical kaolin clay development over the 300m drilled length at the newly named Boomerang Kaolin Prospect. The holes were drilled to test a magnetic anomaly and intersected the deep white kaolin zone.

The results have been received and are shown in Table 1.

The 10m @7% Halloysite (downhole) was confirmed by SEM imaging analysis by CSIRO (Adelaide). The report noted “good particle separation and spread” for the Kaolinite/Halloysite.

Figure 3. Cross Section of the Boomerang prospect RC drilling showing thick zones of Kaolin clays.

Figure 2. The Drilled Kaolin Intercept at the Boomerang Prospect

An RC drill program is planned in November on the Boomerang Kaolin prospect which will define the kaolin resource and test gold targets beneath the kaolin zone. This program will be followed by diamond drilling for metallurgical test work.

Brunswick Cu-Ni-PGE, Au Li Project (KGD 100%)

During the quarter a total of 8 rock chips were collected from spoil around the Hunters JV headframe and at nearby Mt Cara to the Northwest.

Figure 3. The Southern End of the Brunswick Project – Donnybrook.

In 1983 and 1984 West Coast Holdings (“WCH”) and BP Minerals carried out percussion, reverse circulation, and diamond drilling on the old Donnybrook Goldfield completing a total of 20 drill holes. Significant Intercepts from this program are presented below.

Between 1984 and 1985 a joint venture between WCH and BP Minerals followed up epithermal mineralization, delineated by the previous program. Results are presented below.

Geochemical sampling at the Brunswick project is ongoing and material results will be released once analysed and interpreted.

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

Southern Cross-Westonia (KGD 100%)

Fig 5. Kula’s tenements in the Westonia area

Figure 5. Kula’s tenements in the Westonia area

All Westonia project licenses have recently been granted, and key landowner access agreements have been put in place. Geochemical sampling programs will commence once the relevant statutory approvals have been obtained.

Kurnalpi-Lake Rebecca Gold Project (KGD 100%)

Figure 5. The Kurnalpi-Lake Rebecca Project map - gold borders denote Kula Gold tenements

Figure 6. The Kurnalpi-Lake Rebecca Project map – gold borders denote Kula Gold tenements

Newly interpreted greenstone traverses into Kula’s ground as shown by the white dotted lines. Recent activity in the area with the takeover announcements for Apollo Consolidated (ASX:AOP) by Ramelius Resources Ltd (ASX:RMS) and then by Gold Road Resources Ltd (ASX:GOR) demonstrate the emerging potential of this area. The Company has approved work programs in place for further work.

Upcoming Drilling

Figure 1. 6 Month Schedule of Drilling Operations for Kula Gold - October 2021

Figure 7. 6 Month Schedule of Drilling Operations for Kula Gold – October 2021

– News Release –
Date: 27 October 2021 | ASX Code: KGD

Competent Persons Statement: 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.

6 Month Drilling Schedule for Kula Gold Projects + Investor Presentation

October 14, 2021/in Brunswick, Kurnalpi-Lake Rebecca, Latest News, Southern Cross /by Kula Gold

⛏️ Kula Gold Limited has released its latest Investor Presentation which details the company’s drilling schedule and exploration plans for the next six months.

Download the full PDF Investor Presentation here.

As part of the Presentation, the company has released its drilling schedule from October 2021 through April 2022 at its various Projects across Western Australia.

Figure 1. 6 Month Schedule of Drilling Operations for Kula Gold – October 2021

The Presentation goes into detail on all of Kula Gold’s current Projects in WA:

✓ Southern Cross Projects including Marvel Loch and Rankin Dome – Under-utilized district gold plants within 60km offer potential to quickly transition into a gold producer with exploration success.
✓ 42m average true thickness high quality Kaolin discovery including a drill hole containing 10m@ 7% Halloysite downhole – Drilling of exploration target of 30-100mt commencing at the Boomerang Kaolin Project shortly.
✓ Airfield Gold Project – Gold targets to be tested by RC by drilling deeper in the upcoming Kaolin RC program.
✓ The Brunswick Project has had an extensive geochemical program running continuously since the beginning of 2021.
✓ 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 and rock sample showing Cu up to 0.35%.
✓ Westonia South Project (E 77/2766) granted recently – Exploration to commence shortly subject to regulatory approvals.
✓ Well funded with low operating costs – maximum $ in ground per $ spent.

Full Investor Presentation

– News Release –
Date: 14 October 2021 | ASX Code: KGD

Cautionary Statement: Forward Looking Statement: This Presentation may include statements that could be deemed “forward-looking statements”. Although Kula Gold Limited (the Company) believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are no guarantee of future performance and actual results or developments may differ materially from those expected in the forward-looking statements or not take place at all. No offer to sell or invitation to buy: This Presentation is not, and should not be considered to, constitute any offer to sell, or solicitation of an offer to buy, any securities in the Company, and no part of this Presentation forms the basis of any contract or commitment whatsoever with any person. The Company does not accept any liability to any person in relation to the distribution or possession of this Presentation from or in any jurisdiction.
Disclaimer: Whilst care has been exercised in preparing and presenting this Presentation, to the maximum extent permitted by law, the Company and its representatives: • make no representation, warranty or undertaking, express or implied, as to the adequacy, accuracy, completeness or reasonableness of this Presentation; • accept no responsibility or liability as to the adequacy, accuracy, completeness or reasonableness of this Presentation; and • accept no responsibility for any errors or omissions from this Presentation. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements. Competent Person Statements The information in this report that relates to geology, exploration and resources 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 Consultant to Kula Gold. 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.

Rock chips up to 7g/t gold collected at newly acquired Donnybrook Gold Mine

September 30, 2021/in Brunswick, Latest News, Uncategorized /by Kula Gold

⛏️ Kula Gold Limited reports a recent site visit by the company’s geologists to its expanded Brunswick Project allowed 8 grab/rockchip samples to be collected from its licence E70/5660 which hosts the Donnybrook Gold Mine (historic) and results from samples found up to 7g/t gold.

Highlights:

A total of 8 rockchips were collected from spoil around the Hunters JV headframe and at nearby Mt Cara to the north-west.

E70/5513 was acquired, which is a granted EL contiguous with the central part of the Brunswick Project licence E70/5599.
Results from Company samples up to 7g/t (Table 1) and historic BP Minerals/West Coast Holdings Ltd percussion drilling of up to 15m@ 9.92g/t gold from 61m (Table 2), confirm the gold potential of the wider Brunswick Cu–Ni–PGE, Au Li Project (KGD 100% owned).

Some samples were not in-situ as they were collected from the spoil at the Hunters Venture shaft, whilst the Mt Cara samples were collected from outcrop.

Figure 1. newly acquired projects in the southern end of the Brunswick Project.

Kula recently purchased 100% of both granted EL’s E70/5660 and E70/5513, which has expanded the Brunswick Project area, after it reached agreement to acquire E70/5560 of 2.9km² from a private prospecting group for $15,000 and E70/5513 of 45km² for $20,000.

E70/5660 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 the Hunter Venture mine.

The most significant results derived from the 1983 and 1984 drilling programs.

Source: WAMEX report No. A73279 for all significant results reported below.

Between 1984 and 1985 a joint venture between WCH and BP Minerals followed up epithermal mineralization, delineated by the previous program.

BHP tested some of the epithermal systems it had identified with percussion and diamond drilling in 1987 and 1988. The drilling confirmed that epithermal systems existed at depth and the results showed the presence of gold at several intercepts. It is probable that high level Au mineralisation is localised and pod-like within broad envelopes of epithermal alteration zones which generally have a low-grade Au background.

Kula Gold plans to complete further historical data collation and collect new surface channel samples at Mt Cara and to the north along strike of the interpreted vein system. This work will focus a carefully targeted RC program to be performed testing the near surface, higher gold grades outlined in the historical drilling.

Figure 2. E70/5660 historical drill collars and mines.

Results will be reported as work progresses, and assays are received and interpreted.

The historical production, drill results and recent geological interpretations by Kula have identified a gold camp opportunity at Donnybrook and the wider Brunswick Project (40km+ north/south length) noting the numerous historic gold occurrences as noted on WAMEX (figure 1) this is in addition to the Julimar and Boddington styles already identified and being explored for.

For more table results download the PDF here.

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

Brunswick Project area expanded to include historic Donnybrook Gold Mine

July 30, 2021/in Brunswick, Latest News /by Kula Gold

⛏️ 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).

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

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.

– News Release –

Date: 30 July 2021 | ASX Code: KGD

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

July 29, 2021/in Brunswick, Latest News, Southern Cross /by Kula Gold

⛏️ 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.

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.

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

Quarterly Activity Report – Period Ending 30/06/21

July 29, 2021/in Brunswick, Kurnalpi-Lake Rebecca, Latest News, Southern Cross /by Kula Gold

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

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.

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).

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

1. Julimar Style Ni-Cu-PGE mineralisation.

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

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

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.

6. Indicative 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

Updated Corporate Overview released at Kula Gold AGM

May 19, 2021/in Brunswick, Kurnalpi-Lake Rebecca, Latest News, Southern Cross /by Kula Gold

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

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.

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

Kula Chairman provides commentary on Airfield Gold and Brunswick Projects

April 30, 2021/in Brunswick, Latest News, Southern Cross /by Kula Gold

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

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.

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:

Julimar Style Ni-Cu-PGE mineralisation.
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).
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.

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

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

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

Exploration Update + Activity Timeline for Q2 Q3 Q4 2021

April 28, 2021/in Brunswick, Kurnalpi-Lake Rebecca, Latest News, Southern Cross /by Kula Gold

⛏️ 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

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%).

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:

Julimar Style Ni-Cu-PGE mineralisation.
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).
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

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:

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

Address