RC Drilling of the Boomerang Kaolin Prospect resumes in New Year

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⛏️ Kula Gold Limited is pleased to announce that RC drilling of the Boomerang Prospect at their 100% owned Marvel Loch-Airfield Gold Project has resumed in January 2022 following the festive break.

HIGHLIGHTS

• 52 RC holes (2,887m) drilled in late 2021, with 10 holes (approx. 600m) of original drill plan remaining.
• Extension of original program by 18 additional holes (approx. 1080m).
• Logging of RC holes to date show the white kaolin clays have an average vertical thickness of 29m, intercepted from around 5.7m below surface.
• Gold potential at the Boomerang Prospect is being tested by extending RC holes through to saprock or fresh rock, on discretion of the supervising geologist.

Figure 1. Rig 2 from Stark Drilling collaring 22BMRC001 (the first 2022 RC hole at the Boomerang Prospect) with the Kula on site geologist set up and ready to log. Project and Prospect location shown in inset map.

Review of geologist’s logging data for holes completed to date has warranted a further 18 holes (approx.
1,080m) be added to the original 62-hole drill program for a new total of 80 designed holes. The revised drill
program spans approximately 1.9 km from north to south, and approximately 2 km from east to west,
covering an area of around 3 km² (see Figure 2).

Originally designed to define the geographic extent and assess the resource potential of kaolin and halloysite
within the Boomerang Prospect, KGD is pleased to announce that RC drilling is now with the intent to deliver
a Preliminary Resource Estimate for the Boomerang Kaolin Prospect.

KGD is working with an independent Resource Geologist, in anticipation of being able to calculate a
preliminary resource estimate for the Boomerang Kaolin Prospect, should assays and a reasonable
expectation of economic extraction warrant.

The kaolin horizon at Boomerang averages 29m true vertical thickness (ranging 5m to 59m), with kaolin
clays starting 5.7m below the surface on average (ranging 2m to 11m), calculated from all RC holes that
have intercepted white kaolin clays to date.

To test the gold potential of the Boomerang Prospect, drill holes are being extended below the kaolin
horizon into either saprock or fresh rock, at the discretion of the supervising geologist on assessment of the
lithology, alteration, mineralogy and structure observable within the chips, in consideration with the
location of the drillhole and KGD’s evolving geological interpretation of the Marvel Loch – Airfield Project.

Drilling of the remaining 28 holes (approx. 2,680m) of the extended 80-hole program is expected to be
completed within the next 14 days.

Figure 2. Map showing location of completed RC holes, coloured by depth of vertical kaolin intercept (as determined by geologist on rig), and location of remaining planned drillholes.
Table Notes: * 21BMRC016 was abandoned and redrilled as 21BMRC016A. ** Hole 21BMRC038 drilled as twin hole to 21BMRC001. 21BMRC001 –21BMRC003 reported previously in ASX release 13 July 2021. Holes 21BMRC004 – 21BMRC027 reported previously in ASX release 3 Dec 2021. Collar Coordinates for 21BMRC004 onwards were obtained via handheld GPS and will be measured accurately by a qualified surveyor on completion of the drill program.

View the Full Release PDF

– News Release –
Date: 18 January 2022 | ASX Code: KGD

Competent Person Statement
The information in this report that relates to geology and exploration is based on information compiled by Mrs Melanie Hickman, a Competent Person who is a member of the Australian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mrs Hickman is a Geology and Exploration Consultant who has been engaged by Kula Gold Ltd. Mrs Hickman 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). Mrs Hickman consents to the inclusion in the report of the matters based on her information in the form and context in which it appears.

About the Company
Kula Gold Ltd (ASX: KGD) is a West Australian gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has various gold, copper, nickel, PGE, halloysite and kaolin projects across the Southern Cross region including Marvel Loch, Rankin Dome and Westonia, as well as at 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

Kula Gold onsite at Westonia Gold Project for Auger Drilling

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⛏️ Kula Gold Limited is onsite at its Westonia Gold Project in WA with Auger Drilling underway.

The Kula team is working with Sahara Natural Resources on the program, with Kula’s operations for 2022 now underway.

Read more about the Westonia Gold Project

– News Release –

Date: 15 January 2022 | ASX Code: KGD

About the Company

Kula Gold Limited (ASX: KGD) is a West Australian gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has various gold, copper, nickel, PGE, halloysite and kaolin projects across the Southern Cross region including Marvel Loch, Rankin Dome and Westonia, as well as at 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

RC Drilling resumes at the Boomerang Kaolin Prospect

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⛏️ Kula Gold Limited is pleased to announce that the drill rig has returned to site to recommence drilling the estimated 62-hole RC drilling program that was started on 22 November 2021.

Drilling is being carried out to define the geographic extent and assess the resource potential of kaolin and halloysite within the Boomerang Kaolin Prospect at Kula’s 100% owned Marvel Loch-Airfield Gold Project.

KulaGoldMedia_BoomerangProspect_DrillingResumes_Header_Dec2021

HIGHLIGHTS
  • Rig back on site – RC drilling continues with Stark Drilling.
  • Logging to date shows the average vertical thickness of 30m of white kaolin clays intersected from around 6.5m subsurface depth.

The remaining holes are designed to test the areas both north and south of completed drilling further exploring the lateral and vertical extent of the kaolinized horizon. Further holes have been designed to infill between recent drilling in areas where deeper kaolin alteration was observed. (ref ASX release 3 December 2021).

Drilling is expected to finish on Tuesday 21 December, for a well-earned break over the festive season.

Results of assays will be reported in due course.

21BMRC025

21BMRC025

21BMRC005

21BMRC005

21BMRC020

21BMRC020

Figure 2. Photographs of chip trays for 3 of the recent RC holes, showing typical white kaolin alteration observed (locations of RC chips shown is provided in Figure 3).

 

Figure 2. Map showing location of completed RC holes, coloured by depth of vertical kaolin intercept (as determined visually by geologist on rig)

Figure 3. Map showing location of completed RC holes, coloured by depth of vertical kaolin intercept (as determined visually by geologist on rig)

View the Full Release PDF

– News Release –
Date: 17 December 2021 | ASX Code: KGD

About the Company
Kula Gold Ltd (ASX: KGD) is a West Australian gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has various gold, copper, nickel, PGE, halloysite and kaolin projects across the Southern Cross region including Marvel Loch, Rankin Dome and Westonia, as well as at 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

Diamond drilling completed at Crayfish Gold Prospect

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⛏️ Kula Gold Limited is pleased to announce the completion of diamond drilling at the Crayfish Gold Prospect at the company’s 100% owned Marvel Loch-Airfield Gold Project.

HIGHLIGHTS

  • Three (3) diamond drill holes totalling 363m have been completed.
  • Greenstone and quartz veining intersected in all holes.
  • Geological interpretation in progress.
  • Core sampled and in transit to laboratory for assay.

Figure 1. Diamond rig at the Crayfish Gold Prospect, within the Marvel Loch- Airfield Project.

Figure 1. Diamond rig at the Crayfish Gold Prospect, within the Marvel Loch- Airfield Project.

Three (3) holes were completed for a total 363.1m (including 112.1m of mud rotary pre-collars and 251m of NQ2 core) at the Crayfish Prospect.

Collar Locations are provided in Figure 2.

Figure 2: Drill Collar location map, with arrow indicating azimuth hole was drilled.

Figure 2: Drill Collar location map, with arrow indicating azimuth hole was drilled.

The reverse circulation (RC) drill program on E77/2621 discovered previously unmapped amphibolite (greenstone-refer ASX release 2nd July 2021) within the Ghooli Dome, previously mapped by GSWA as granite. This program warranted a follow up diamond drilling program to obtain oriented structural and lithology data for the next stage of drilling and expand the Company’s geological knowledge of the area given the largest producing gold mines within the prolific Southern Cross region are hosted by regional greenstone belts.

Diamond drilling also aimed to test the potential extension and orientation of the low-level gold anomalism returned in 21CYRC004 and 21CYRC005 (see Figure 3) with 21CYRD003 drilled as a diamond tail to original RC hole 21CRYC003, extending the hole by 80.5m (to a total downhole depth of 145.8m). Orientation readings taken from 21CYRD003 were used to design a 2nd drill hole targeted to intercept the structures, veins, and contacts at a more optimal angle. This follow up hole, 21CYDD001, was drilled from surface on the same drill pad to a total downhole depth of 141.4m (including the 54.4m mud rotary precollar).

Figure 3: Cross section through existing RC holes at Crayfish along 6 520 950mN showing the extension of 21CRYC003 and one of the potential orientations for the low-level gold anomalism.

Figure 3: Cross section through existing RC holes at Crayfish along 6 520 950mN showing the extension of 21CRYC003 and one of the potential orientations for the low-level gold anomalism.

Given their close location, 21CYRD003 and 21CYDD001 intercepted similar lithologies—pegmatitic granite and amphibolite gneiss, variably silica-altered amphibolite, variably quartz veined and foliated amphibolite, and quartz-veined, garnet-rich amphibolite—as shown in Figure 4. In both holes, trace sulphides (dominantly pyrite and chalcopyrite) were observed within some sections of the silica-altered amphibolite and the garnet-rich amphibolite.

Figure 4: Photographs from 21CYRD003 (B & C) and 21CYDD001 (A & D) showing representative intercepts of the different lithologies encountered. A: pegmatitic granite and amphibolite gneiss. B: strongly silica- altered, weakly foliated amphibolite. C: Garnet-rich amphibolite with quartz veining, and D: weak-moderately foliated amphibolite with quartz veining.

Figure 4: Photographs from 21CYRD003 (B & C) and 21CYDD001 (A & D) showing representative intercepts of the different lithologies encountered. A: pegmatitic granite and amphibolite gneiss. B: strongly silica- altered, weakly foliated amphibolite. C: Garnet-rich amphibolite with quartz veining, and D: weak-moderately foliated amphibolite with quartz veining.

21CYDD002 was collared approximately 400m south, targeting the strongly quartz veined amphibolite intercepted in RC holes drilled in the April Program (21CYRC015 – 21CYRC017), and was drilled to a total depth of 141.2m (including a mud rotary pre-collar of 57.7m). Representative photographs of the amphibolite, silica-altered amphibolite and quartz veining is provided in Figure 5.

Geological interpretation of the newly acquired data is ongoing and results will be reported as received and analysed.

Figure 5: Photographs from 21CYDD002 showing, A: amphibolite with quartz veining, B: silica-altered amphibolite with quartz veining, and examples of the brittle faulting within silica-altered amphibolite (C) and finer grained amphibolite (D)

Figure 5: Photographs from 21CYDD002 showing, A: amphibolite with quartz veining, B: silica-altered amphibolite with quartz veining, and examples of the brittle faulting within silica-altered amphibolite (C) and finer grained amphibolite (D)

For more details on the drillholes please download the full PDF

KulaGoldMedia_CrayfishProgramSummaryDrillholes_Dec2021

– News Release –
Date: 15 December 2021 | ASX Code: KGD

Competent Person Statement

The information in this report that relates to geology and exploration is based on information compiled by Mrs. Melanie Hickman, a Competent Person who is a member of the Australian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mrs. Hickman is a Geology and Exploration Consultant who has been engaged by Kula Gold Ltd. Mrs. Hickman 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). Mrs. Hickman consents to the inclusion in the report of the matters based on her information in the form and context in which it appears.

About the Company
Kula Gold Ltd (ASX: KGD) is a West Australian gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has various gold, copper, nickel, PGE, halloysite and kaolin projects across the Southern Cross region including Marvel Loch, Rankin Dome and Westonia, as well as at 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

RC Drilling progressing well at the Boomerang Kaolin Prospect

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⛏️ Kula Gold Limited reports it is part-way through an estimated 62-hole reverse circulation (RC) drilling program to define the geographic extent and resource potential of kaolin and halloysite within the Boomerang Kaolin Prospect at the company’s 100% owned Marvel Loch-Airfield Gold Project.

HIGHLIGHTS
  • 25 new RC holes (1,316m) drilled to date.
  • Logging shows the average vertical thickness of 30m of white kaolin clays intersected from around 6.5m subsurface depth.

Figure 1. Stark Drilling Rig 1 set up at the Boomerang Prospect showing kaolin clays in sample piles.

Figure 1. Stark Drilling Rig 1 set up at the Boomerang Prospect showing kaolin clays in sample piles.

Stark Drilling have completed a total of 1,316m in 25 RC holes (21BMRC004 to 21BMRC0271 ) to date, stepping out from discovery hole 21BMRC001 (Figure 2).

Figure 2. Map showing location of completed RC holes, coloured by depth of vertical kaolin intercept (as determined visually by geologist on rig)

Figure 2. Map showing location of completed RC holes, coloured by depth of vertical kaolin intercept (as determined visually by geologist on rig)

Results are encouraging given the thick layer of white kaolin clay intersected in the majority of the drill holes (Figure 3).

Visual kaolin clay thickness in the recent drilling varies from 0m (21BMRC008) to 59m (21BMRC004) with an average thickness of 30m for all holes that have intercepted Kaolin at Boomerang to date* (*Not including 21BMRC016).

21BMRC025

21BMRC025

21BMRC005

21BMRC005

21BMRC020

21BMRC020

Figure 3. Photographs of chip trays for 3 of the recent RC holes, showing typical white kaolin alteration observed (locations of RC chips shown is provided in Figure 2).

The remaining holes are designed to test both north and south of completed drilling (Figure 4) further exploring the lateral and vertical extent of the kaolinized horizon, as well as infill between recent drilling in areas where deeper kaolin alteration was observed* (*The designed program presented here is subject to change – the onsite supervising geologist is adjusting the design to reflect the evolving interpretation based off visual results of each hole as they are drilled.)

Figure 4. Drill plan of the Boomerang Kaolin Prospect, showing location completed drilling and remaining holes.

Figure 4. Drill plan of the Boomerang Kaolin Prospect, showing location completed drilling and remaining holes.

Drilling is currently on hold whilst the rig undergoes maintenance after a mechanical issue. KGD will update the market once drilling resumes. Results will be reported in due course.

View the Full Release PDF including Tables here

– News Release –
Date: 3 December 2021 | ASX Code: KGD

About the Company
Kula Gold Ltd (ASX: KGD) is a West Australian gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has various gold, copper, nickel, PGE, halloysite and kaolin projects across the Southern Cross region including Marvel Loch, Rankin Dome and Westonia, as well as at 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

RC Drilling of Kaolin/Halloysite at Boomerang Prospect has commenced

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⛏️ Kula Gold Limited is pleased to announce the start of a new reverse circulation (RC) drilling program to define the lateral and vertical extent and resource potential of Kaolin and Halloysite within the Boomerang Prospect at the company’s Marvel Loch-Airfield Gold Project at Southern Cross.

Highlights:

  •  Up to 62 holes to define lateral Kaolin and Halloysite extent and test underlying gold potential.

KulaGoldMedia_BoomerangProspect_1stRCDrillHole_Nov2021

Approximately 3,500m in around 62 vertical holes is planned to test the kaolin and halloysite resource potential at Boomerang. A coincident gold target will also be investigated by extending each hole 10-15m past the kaolin horizon into fresh rock below the weathered zone.

The Boomerang Kaolin Prospect was generated earlier in 2021 following all three initial RC holes (21BMRC001 – 21BMRC003) intersecting +42m average vertical thickness of white kaolin clays from 5m depth. RC hole 21BMRC001 returned 10m @ 7% Halloysite from 40m depth (8.8m true thickness) within a 55m downhole intercept of kaolin from 5m depth (refer ASX Release 13th July 2021).

Kula geologists are on site along with Stark Drilling for the program which is expected to take 10 days to complete.

KulaGoldMedia_BoomerangProspect_StarkDrillingRigonsite_web_Nov2021

Figure 1. Kula is working with Stark Drilling’s RC rig on site at the Boomerang Kaolin Prospect in Southern Cross.

Kula working with Stark Drilling’s RC rig on site at the Boomerang Kaolin Prospect in Southern Cross.

Assays will be completed by Bureau Veritas (Adelaide) and Halloysite by CSIRO Adelaide. Results will be reported as they become available noting the current longer than usual lead time for results.

KulaMedia_UpdatedMarvelLochAirfieldGoldProjectMap_web_Nov2021

Map of Kula Gold’s Marvel Loch-Airfield Gold Project at Southern Cross

Download the full PDF Release.

– News Release –
Date: 22 November 2021 | ASX Code: KGD

About the Company
Kula Gold Ltd (ASX: KGD) is a West Australian gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has various gold, copper, nickel, PGE, halloysite and kaolin projects across the Southern Cross region including Marvel Loch, Rankin Dome and Westonia, as well as at 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

Diamond drilling of the Crayfish Gold Prospect at Marvel Loch–Airfield Gold Project has commenced

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⛏️ Kula Gold Limited is pleased to announce the commencement of diamond drilling at the Crayfish Gold Prospect at the company’s Marvel Loch-Airfield Gold Project.

HIGHLIGHTS

  • Kula geologists are on site working closely with the drilling contractor (Seismic Drilling Services Ltd) to complete the 200m–300m diamond program by late November.

Figure 1. Kula geologists set up alongside Seismic Drilling’s diamond rig at the Crayfish Gold Prospect, Marvel Loch-Airfield Project.

Figure 1. Kula geologists set up alongside Seismic Drilling’s diamond rig at the Crayfish Gold Prospect, Marvel Loch-Airfield Project.

Discovery of previously unmapped amphibolite within the Ghooli Dome during the April reverse circulation (RC) drill program on E77/2621 provided additional geologic support for potential greenstone-hosted gold at the Crayfish Prospect and within the overall Marvel Loch–Airfield Gold Project area (refer ASX release 2nd July 2021).

The largest producing gold mines within the prolific Southern Cross region are hosted by these regional greenstone belts. Diamond drilling is underway to extend hole 21CYRC003 by 30-50m, obtain orientated structural and lithology data from drill core, and test the potential extension and orientation of the anomalous gold occurrence returned in 21CYRC004 and 21CYRC005 (see Figure 2).

Figure 2: Cross section through existing RC holes at Crayfish along 6 520 950mN showing the planned extension of 21CRYC003 and one of the potential orientations for the low-level gold anomalism.

Figure 2: Cross section through existing RC holes at Crayfish along 6 520 950mN showing the planned extension of 21CRYC003 and one of the potential orientations for the low-level gold anomalism.

A second diamond hole will be designed perpendicular to the lithological, structural and/or anomaly orientation and will be drilled from surface to further refine our geological understanding of this prospect. A third hole can be added to the program, if required.

Diamond drill core will also provide the opportunity to observe the nature of the abundant quartz veining and strong-to-intense silica alteration seen within a large proportion of the amphibolite RC chips. Integrating this new information into the geological interpretation should facilitate a more focussed targeting strategy for future exploration, allowing Kula to further unlock the gold potential of the project.

KulaGoldMedia_MarvelLochAirfield_CrayfishDrilling1_Nov2021

Kula geologists are on site working closely with the drilling contractor (Seismic Drilling Services Ltd) to complete the 200m – 300m diamond program by late November.

Results of this program will be reported in due course.

Read the full ASX release

KulaGoldMedia_MarvelLochAirfield_KulaTeamPrepares1_web_Nov2021

– News Release –
Date: 17 November 2021 | ASX Code: KGD

About the Company
Kula Gold Ltd (ASX: KGD) is a West Australian gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has various gold, copper, nickel, PGE, halloysite and kaolin projects across the Southern Cross region including Marvel Loch, Rankin Dome and Westonia, as well as at 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

New G-Star Gold Prospect identified at Marvel Loch-Airfield Gold Project

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⛏️ Kula Gold Limited is pleased to announce a new gold prospect has been identified at the Marvel Loch-Airfield Gold Project (KGD 100%) at Southern Cross.

HIGHLIGHTS

  • G-Star Gold Prospect identified from first pass Auger geochemistry sampling.
  • 217 follow up auger geochemistry samples recently completed.
  • Results of up to 18ppb gold define a northwest- southeast striking geochemical anomaly that extends over 2,200m and is open to the northwest.
  • Located 3.5km north of the Nevoria Gold Mine (+600,000oz gold), and 9km east of the 3 Moz Marvel Loch Gold Mine, the G-Star Prospect sits within the Ghooli Dome.
  • Kula geologists consider the possibility that G-Star is underlain by amphibolite and BIF greenstone (the predominant host rock of most of the gold deposits in WA).

KulaGoldMedia_GStarImage1_SouthernCross_Nov2021

First pass auger geochemistry sampling has defined the newly named G-Star Prospect, which extends over a strike length of 2,200m in the Southeast of E77/2621 (Figure 1).

Figure 1. Kula Gold Ltd’s Marvel Loch – Airfield Gold Project showing location of the new G-Star Gold Prospect, Boomerang Kaolin Prospect and Crayfish Gold Prospect.

Figure 1. Kula Gold Ltd’s Marvel Loch – Airfield Gold Project showing location of the new G-Star Gold Prospect, Boomerang Kaolin Prospect and Crayfish Gold Prospect.

Sahara Operations (Australia) Pty Ltd completed first pass auger geochemistry sampling on behalf of Kula in April 2021 (refer ASX releases 12th April 2021 and 2nd July 2021), with 215 samples taken over the G-Star area (Figure 2).

Samples were taken at a median depth of 2m and targeted the interface below the transported cover. Results of up to 18ppb gold define a northwest- southeast striking geochemical anomaly that extends over 2,200m and is open to the northwest (Figure 2).

KulaGoldMedia_GStarAugerLocation_SouthernCross_Nov2021

Figure 2. Kula’s new G-Star Gold Prospect identified from results of first pass auger geochemistry sampling (yellow, green and blue dots), and location of the recently completed follow up auger geochemistry samples (white dots).

Kula engaged Sahara’s Mobile Auger Rig to complete a further 217 infill auger geochemistry samples at G-Star during October 2021.

Company geologists were onsite for the start of the program to ensure sampling of the correct horizon via appropriate sampling technique. Haematitic lateritic soils and saprolite clays—a favourable sampling medium—were observed. Sample locations are provided in Figure 2.

Kula geologists consider the possibility that G-Star is underlain by amphibolite and BIF greenstone (the predominant host rock of most of the gold deposits in WA).

G-Star may be much like the previously unmapped greenstone discovered by Kula in a major technical breakthrough during RC drilling at the nearby Crayfish Gold Prospect (refer ASX release 2nd July 2021).

The highly prospective greenstone belts of the Southern Cross Region have produced over 15m ounces of gold to date, at an average of 3-5g/t gold and are the reason Kula staked this region as its lead project.

Should auger geochemistry provide sufficient data to define a drill target within the prospect area, then a RC drill rig will be mobilised with some urgency to test the target. Results from geochemical assays (gold and multi-element) will be reported in due course.

RC drilling of the Boomerang Kaolin Prospect is scheduled to start next week.

For the full table of JORC data please download the PDF.

– News Release –

Date: 9 November 2021 | ASX Code: KGD

Competent Person Statement: The information in this report that relates to geology and exploration is based on information compiled by Mrs. Melanie Hickman, a Competent Person who is a member of the Australian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mrs. Hickman is a Geology and Exploration Consultant who has been engaged by Kula Gold Ltd. Mrs. Hickman 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). Mrs. Hickman consents to the inclusion in the report of the matters based on her information in the form and context in which it appears.

About the Company
Kula Gold Ltd (ASX: KGD) is a West Australian gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has various gold, copper, nickel, PGE, halloysite and kaolin projects across the Southern Cross region including Marvel Loch, Rankin Dome, 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

The end of field geology? Not at Kula Gold

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⛏️ 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.

KulaGoldMedia_TheEndofFieldGeology_LkHeader_Nov2021

“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:

This is what Kula Gold does. We invest in boots on the ground and it is starting to deliver results. It helped identify the new greenstones and Kaolin at our Airfield Gold Project at Southern Cross and copper and nickel mineralisation at our Brunswick Project.

KulaGoldMedia_TheEndofFieldGeology_Photo_Nov2021

– News Release –

Date: 8 November 2021 | ASX Code: KGD

About the Company
Kula Gold Ltd (ASX: KGD) is a West Australian gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has various gold, copper, 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

Quarterly Activity Report – Period Ending 30/09/21

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

KulaGoldMedia_QAR_HeaderLK_EndSept2021

Download the Full Release here.

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.

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.
KulaGoldMedia_BoomerangProject_Table1_Oct2021

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.
KulaGoldMedia_BrunswickProject_Table2_Oct2021

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

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.

KulaGoldMedia_DonnybrookProject_Table3Historical_Oct2021

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.

KulaGoldMedia_DonnybrookProject_Table4Historical_Oct2021

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

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

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

Download the Full Release here.

– 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.

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, copper, 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