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Rock chip results put Kula on South West gold trail

Updated: Apr 19

Kula Gold has returned rock chip samples up to 3.5 grams per tonne gold from drilling at its Kirup project. Credit: File

Kula Gold will employ a reverse-circulation (RC) drill program at its Mustang prospect in Western Australia’s South West region to follow up rock chip results of up to 3.5 grams per tonne gold from its nearby Cobra target.

Both Cobra and Mustang form part of the company’s Kirup project that covers an area of 117 square kilometres and complements its existing Brunswick project about 20km to the north.

The company says “substantial” epithermal gold prospectivity was identified at the Cobra and Mustang prospects by its exploration team during the latest RC drill program that returned the gold-positive rock chip results.

Kula says the gold prospectivity of Cobra has also increased, with the sampling of a rock outcrop in the near vicinity of the RC drill program containing both vuggy and sugary quartz. During drilling, the team identified a significant epithermal-style gold target near Cobra that has been identified as atypical of the upper level of a potential epithermal system and will be the subject of further fieldwork.

While the company admitted to being disappointed that its latest drill campaign discovered no elevated lithium mineralisation, it plans to use the information gathered at Kirup to refine better targets for its next program. Management says a one-line gravity program has identified several potentially large intrusive bodies prospective for lithium or gold to the east of the Cobra RC drilling program, warranting future RC drilling.

Kula previously entered into an agreement to acquire a 70 per cent interest in the lithium and related minerals of Sentinel Exploration’s Kirup project that sits just 25km to the west of the world-class Greenbushes lithium mine.

However, a new agreement has been reached between the joint venture (JV) parties to include all the gold, base metal and non-lithium-caesium-tantalum (LCT) mineral rights into the existing agreement for a consideration of reimbursement of $10,000.

The Company is now focussed on the Mustang Prospect and potentially the Thunderbird Prospect in the near future. On a positive note, substantial epithermal gold prospectivity was identified by the Kula team whilst drilling at both Cobra and the wider Mustang Prospect, rock chip results to 3.5g/t gold. Kula Gold managing director Ric Dawson

The Greenbushes lithium mine is a structurally-controlled LCT pegmatite of Archaean age. Both Kirup and Brunswick are within greenstone terranes in the south-west of the Yilgarn Craton.

The terrane is considered prospective for greenstone-hosted gold, epithermal gold and Julimar-style copper-nickel-platinum group elements (PGE) mineralisation. Kula returned grades of up to 7.95g/t gold at the site from early-stage exploration back in 2022.

Mapping and soil sampling at the Mustang prospect has increased the size of the pegmatite zone drill target to test for LCT mineralisation below the weathered zone estimated at 30m to 50m, similar to the nearby Greenbushes mine.

Kula says it has scheduled an RC drill campaign at Mustang to for both lithium and gold potential.

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