Kurnalpi-Lake Rebecca Project (Kula Gold 100%)
The Kurnalpi-Lake Rebecca Gold Project EL 28/2942 covers 150km2 and has been increased to approx 200km2 after an additional exploration license application (EL 28/3029) was added in July 2020.
This project is located 150km NE of Kalgoorlie, Western Australia. Kula’s exploration license is adjacent to tenements that are owned and under exploration by Apollo Consolidated Ltd’s (ASX: APO) which are 10km south of recently discovered Lake Rebecca Gold Project (a +1 million oz resource defined and additional exploration drilling is being undertaken). Other ASX exploration companies that surround Kula’s tenements are shown in the map below.
The Company has used open file aero-magnetics to identify a number of target structures for initial auger drill testing. Limited historic drilling/sampling work has been undertaken over the area. Open file data compilation work and detailed geophysical studies have been completed which have identified two geochemical and co-incident magnetic anomalies on the licence. Early stage soil sampling and drilling has been carried out on the license and further development work is planned for the exploration license.