Kula Gold Logo 600

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

Kula Gold LinkedIn QAR Q4 Header

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

Highlights:

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

1. Exploration Projects.

Location of Kula’s Southern Cross Gold Projects.

Location of Kula’s Southern Cross Gold Projects.

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

> Airfield Gold Project.

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

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

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

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

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

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

> Rankin Dome 2 Gold and Ni Project.

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

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

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

E77/2753 Magnetics  at Rankin Dome 2

E77/2753 Magnetics at Rankin Dome 2

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

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

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

Amphibolite rocks from Brunswick Project.

Amphibolite rocks from Brunswick Project.

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

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

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

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

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

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

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

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

1.4. New Project Generation

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

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

The information in this report that relates to geology and exploration is based on information compiled by Mr. Adam Anderson, a Competent Person who is a member of the Australian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr. Anderson is a Geology and Exploration Consultant who has been engaged by Kula Gold Ltd. Mr. Anderson has sufficient experience, which is relevant to the style of mineralisation, geology and type of deposit under consideration and to the activity being undertaken to qualify as a competent person under the 2012 edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (the 2012 JORC Code). Mr. Anderson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.


About the Company
Kula Gold Ltd (ASX: KGD) is a Western Australia gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has projects within the Southern Cross WA region including Rankin Dome and Marvel Loch, as well as near Kurnalpi and Brunswick. The company has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG.
Contact the Company Secretary on Tel: +61(08) 6144 0592 or via info@kulagold.com.au

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

Kula Gold’s 2021 Schedule of Operations

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

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

2021 Schedule of Operations - First Half.

2021 Schedule of Operations – First Half.

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

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

Read more about our WA projects here.

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

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

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

– News Release –
Date: 25 January 2021 | ASX Code: KGD


About the Company
Kula Gold Ltd (ASX: KGD) is a Western Australia gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has projects within the Southern Cross WA region including Rankin Dome and Marvel Loch, as well as near Kurnalpi and Brunswick. The company has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG.
Contact the Company Secretary on Tel: +61(08) 6144 0592 or via info@kulagold.com.au

Kula Gold Logo 600

Kula Gold releases Corporate Overview for the year ahead 2021

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

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

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

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

The company currently has four major projects across Western Australia:

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

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

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

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

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

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

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

– News Release –
Date: 7 January 2021 | ASX Code: KGD


About the Company
Kula Gold Ltd (ASX: KGD) is a Western Australia gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has projects within the Southern Cross WA region including Rankin Dome and Marvel Loch, as well as near Kurnalpi and Brunswick. The company has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG.
Contact the Company Secretary on Tel: +61(08) 6144 0592 or via info@kulagold.com.au

Kula Gold Logo 600

Quarterly Activity Report period ending 30/09/20

Kula Gold Ltd (“Kula” or the “Company”) reports on activities for Q3 2020 (period ending 30 September 2020).

Highlights:

  • Airfield Gold Project -Drilling to Commence.
  • Brunswick Ni-Cu-PGE Project Acquired.

1. Exploration Projects.

1.1 Airfield Gold Project, Marvel Loch (Kula – 100%)

Kula was granted its exploration license EL77/2621 over the south-central part of the Ghooli Dome in the Marvel Loch area of Western Australia, which is known as the Airfield Gold Project, in September 2020.

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.  There is no evidence of any drilling work conducted since that time.

Crayfish Prospect (red circle) magnetics and historical Sons of Gwalia geochemistry results.

Crayfish Prospect (red circle) magnetics and historical Sons of Gwalia geochemistry results.

Kula has received the POW approval and subsequently completed track clearing work ahead of a proposed auger drilling program to commence in early November.

The auger drilling program is designed to test previously reported SOG  generated gold in soil anomalies, as well as Kula generated targets from reprocessed and re-interpreted magnetics.  The highest grade SOG sample of 311ppb Au is located on the North West trending structure which extends through the licence from the mineralised amphibolite’s to the South East of the licence. The North West extensions to this structure will be tested by several lines of Auger sampling.

Kula will use the services of a light vehicle mounted auger drilling unit that has the capacity to drill through the 3-7m sand cover to generate a consistent geochemical sampling medium.

 

Vehicle mounted auger drilling unit.

Vehicle mounted auger drilling unit.

1.2. Rankin Dome Gold Project, Southern Cross Projects (Kula – 100%)

During the quarter, Kula applied for an exploration license EL 77/2709 referred to as Rankin Dome Gold Project.  This tenement covers 160 km2 and is located 15km west of Southern Cross.

A field trip was completed in September which successfully located a 1988 water bore drill hole which had been assayed for gold, and identified gold values of 0.46g/t Au over 2m from 10m vertical downhole in amphibolite.  3 historic RC drill holes were located during the field visit which are not in the DMIRS database.  The drill cuttings were logged as amphibolite (greenstone possibly meta High Mg Basalt) unit with a soapy feel, although the area is mapped as granite.  The amphibolite is over 1km wide which adds significantly to the prospectivity of this project. The amphibolite is not obvious in the open file magnetics which show a granite signature suggesting the amphibolite is overlying the granite in this area.

Landowner agreement has been secured over a significant portion of the licence including the area with amphibolite.  On granting of the license, the initial work plan will comprise of a shallow geochemical aircore drilling program over each target area totalling approximately 200 holes.

Location of Kula’s Southern Cross Gold Projects.

Location of Kula’s Southern Cross Gold Projects.

1.3. Brunswick Project (Kula – 100%)

The Company applied for an exploration license (ELA70/5599) which covers 240 km2 which is located between the towns of Donnybrook and Brunswick Junction, approx. 150km south of Perth.  The licence is located in the highly prospective Western Gneiss Terrain which hosts Chalice Gold Mines, Julimar Ni-Cu-PGE Project to the North.

Studies of the open file magnetic data showed some subdued magnetic highs which Kula considered were worth investigating further to see if the subdued magnetic response was masking potential Ultramafics in the licence area.

The open file magnetics within the licence area were reprocessed to highlight the magnetic highs which will be field checked in the coming weeks to verify the actual rock types.  Comparison of the open file and re-processed magnetics are shown in the images below.

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

Brunswick Ni-Cu-PGE Prospect Location Map.

Brunswick Ni-Cu-PGE Prospect Location Map.

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

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

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

Kula completed a drilling program to test six discrete targets at its Lake Rebecca Project tenement (EL 28/2942).  The targets had been identified using a combination of geophysical and remotely sensed anomalies. A total of 59 aircore drillholes were completed for a total of 2100 meters.  The drilling program and sampling was supervised by the company’s consulting geologist and was carried out by experienced drilling contractor Raglan Drilling.

Assay results from the drilling confirmed key structures in the tenement located with aeromagnetic interpretation and remotely sensed imagery, with drilling showing some quartz veining, minor sulphides, and extensive hematite alteration, however gold mineralization was not intersected in the 6 targets drilled.

Kula’s Lake Rebecca tenements E28/2942 and ELA28/3029, 125km east of Kalgoorlie, adjacent to leases being explored by Apollo Consolidated (ASX: AOP) and Bulletin Resources (ASX: BNR)

Kula’s Lake Rebecca tenements E28/2942 and ELA28/3029, 125km east of Kalgoorlie, adjacent to leases being explored by Apollo Consolidated (ASX: AOP) and Bulletin Resources (ASX: BNR)

The next exploration program will focus on four new areas identified in Kula’s large 194km2 tenement holding, associated with 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.

During the quarter, an application was made for an exploration license (EL 28/3029) which is adjacent to the southern border of the original E28/2942 claim.  This additional 47 km2 license covers anomalies that that have been identified from geophysical analysis and open file geochemical gold anomalies which extend beyond the southern boundary of E28/2942.

By order of the Board.

– Media Release –
Date: 26 October 2020 | ASX Code: KGD


About the Company
Kula Gold Ltd (ASX: KGD) is a Western Australia gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has projects within the Southern Cross WA region including Rankin Dome and Marvel Loch, as well as near Kurnalpi and Brunswick. The company has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG.
Contact the Company Secretary on Tel: +61(08) 6144 0592 or via info@kulagold.com.au