Marvel Loch Airfield Gold Project

Kula-Gold-Logo 50Kula Gold Ltd applied for ELA77/2621 over the south-central part of the Ghooli Dome near Marvel Loch in the Southern Cross region of Western Australia, which is known as the Airfield Gold Project.

Prior exploration at the Airfield Project was completed by Sons of Gwalia Ltd (“SOG”) in the late 1980’s. The exploration reports at the time showed auger gold in soil anomalies in the Ghooli Dome which had not been followed up.

The Airfield Gold Project in Marvel Loch (under application) covers an area of 120km2 and is located 5km east of the town of Marvel Loch, a major gold mining centre in Western Australia. This locality has a number of current and historical mining operations nearby which provides valuable infrastructure and services for potential future development including the Marvel Loch mine and mill which are in production under the ownership of Minjar Gold.

Kula Gold Southern Cross Project Map October 2020

Kula Gold Southern Cross Project Map October 2020

The Southern Cross Greenstone Belt is a strongly deformed, metamorphosed synformal remnant of a once larger greenstone assemblage.

It has been shaped and attenuated by the emplacement of syn-tectonic granitoids (Gee, 1995). These granitoid domes include the Ghooli, Parker and Rankin Domes (Gee, 1982; Keats, 1991).

On a regional scale, sheared lithological contacts are the primary control on the distribution of gold mineralisation. Most of the belt’s production has been derived from shear-hosted deposits (Marvel Loch, Yilgarn Star and Frasers) and to a lesser extent fold hinge deposits, usually in Banded Iron Formation (Copperhead, Golden Pig and Bounty).

The data has been re-processed by the company’s consulting geophysicist who has identified a number of structures with a series of extensional jogs which are co-incident with the historical auger gold in soil anomalies. The targets have strike lengths of over 2km, and some are open to the north and south.

A SOG geochemistry sample at Airfield Gold returned a value of 311ppb.

A SOG geochemistry sample at Airfield Gold returned a value of 311ppb.

One of the SOG geochemistry samples returned a value of 311ppb and the location of this sample was physically located in the field (see photo above) during the visit. The regolith in the vicinity of the sample contains a mixture of yellow sand and Tertiary in situ laterite.

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Rankin Dome Gold Project

Kula-Gold-Logo 50Kula Gold Ltd applied for ELA77/2709 (referred to as the Rankin Dome Gold Project) in July 2020 which covers approx 160km2 and is located 10km 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.

Field team examines a waterbore from 1988 that is located within the Rankin Dome Project.

Field team examines a waterbore from 1988 that is located within the Rankin Dome Project.

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.