KulaGoldMedia_RameliusTakoverApolloHeader2_Oct2021

Apollo’s Lake Rebecca Gold Project subject to takeover from Ramelius Resources

⛏️ Kula Gold Limited notes the takeover bid for Apollo Consolidated – with its Lake Rebecca Project neighbouring Kula’s Kurnalpi-Lake Rebecca Project – with Apollo’s directors unanimously recommending shareholders accept an offer from Ramelius Resources to takeover the company. The Ramelius’ Edna May Gold Mine also neighbours Kula’s Westonia tenements.

From the joint Apollo-Ramelius Press Release on 18 October 2021:

Apollo’s Lake Rebecca Project is located in Australia’s premier gold province and with a current total Mineral Resource estimate of 29.1 Mt @ 1.2 g/t for 1.1 million ounces, and Lake Rebecca provides a highly attractive platform for the potential future development of a new production centre for Ramelius.

The Apollo Board of Directors unanimously recommend that Apollo shareholders accept the Offer, in the absence of a superior offer.

Joint Apollo-Ramelius Press Release re: Lake Rebecca Project Takeover October 2021

Joint Apollo-Ramelius Press Release re: Lake Rebecca Project Takeover October 2021

This tenement is adjacent to the north of Kula’s Kurnalpi-Lake Rebecca Project which covers 310km², identified on the map below.

Map of Kurnalpli-Lake Rebecca Project and surrounding explorers.

Map of Kurnalpli-Lake Rebecca Project and surrounding explorers – October 2021

Here is an overview of Kula’s Kurnalpi-Lake Rebecca Project as of October 2021, in the latest Investor Presentation.

Kurnalpi-Lake Rebecca Project Overview from Kula Gold Presentation October 2021

Kurnalpi-Lake Rebecca Project Overview from Kula Gold Presentation October 2021

– News Release –
Date: 18 October 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 various gold, cooper, nickel, PGE and kaolin projects across the Southern Cross region including Marvel Loch, Rankin Dome, Boomerang and Westonia, as well as near Brunswick and Kurnalpi-Lake Rebecca. 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_InvestorPresentationCover_Oct2021

6 Month Drilling Schedule for Kula Gold Projects + Investor Presentation

⛏️ Kula Gold Limited has released its latest Investor Presentation which details the company’s drilling schedule and exploration plans for the next six months.
KulaGoldMedia_InvestorPresentationCover_Oct2021

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

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.

KulaGoldMedia_InvestorPresentation_AboutKula_Oct2021

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.


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 4 from E79 Prospectus: E28/2659 (Lake Yindana) tenement outline with processed aeromagnetic data
showing lightly explored prospective greenstones.

Tenement adjacent to Kurnalpi Project lists on ASX – E79 plans drilling shared Greenstone belt

⛏️ Kula Gold Limited congratulates E79 Gold Mines Limited on their successful ASX listing this week, and look forward to results from their planned 20,000m aircore drilling program at their Lake Yindana Project, testing an unrecognised greenstone belt – which runs into Kula’s Kurnalpi-Lake Rebecca Project.

E79’s Lake Yindana Project sits adjacent to Kula’s Kurnalpi-Lake Rebecca Project which is to the east, with Apollo Consolidated tenements to the north (1m ounce gold resource discovered Feb 2020).

Map of Kurnalpli-Lake Rebecca Project and surrounding explorers.

Map of Kurnalpli-Lake Rebecca Project and surrounding explorers.

KulaGoldMedia_KurnalpiProject_E79DrillingPlans_Oct2021

See Figure below from E79’s Prospectus.

Figure 4 from E79 Prospectus: E28/2659 (Lake Yindana) tenement outline with processed aeromagnetic data showing lightly explored prospective greenstones.

Figure 4 from E79 Prospectus: E28/2659 (Lake Yindana) tenement outline with processed aeromagnetic data
showing lightly explored prospective greenstones.

Summary of the Kurnalpi-Lake Rebecca Project from Kula Gold’s Corporate Overview May 2021:

KulaGoldMedia_KurnalpiProject_CorpOverviewMay_Oct2021

– News Release –
Date: 8 October 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

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

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

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