Next Drilling Campaign To Test Unexplored Greenstones
Kula Gold Limited (ASX:KGD) has claimed a major technical breakthrough in the company’s highly prospective Southern Cross Gold project, with RC drilling discovering large areas of previously unmapped nor recognised amphibolite/BIF (greenstone) belts in the Airfield Gold Project in Western Australia.
The company said it has recognised a geophysical signature associated with the results and has identified numerous repeats of similar greenstone prospects in the region, and lodged new applications adding to Airfield covering 570 sq. km.
Subsequent field verification of amphibolite/BIF in several areas inside the new licences confirm over 25km of strike length to date.
The new information will focus Kula’s next Southern Cross exploration programme targeting totally unexplored greenstones in this prolific gold producing region, which is gearing up in H2 2021.
Kula’s initial interest in the Ghooli area came from a Sons of Gwalia (SOG) low level Au anomaly generated from regional auger regolith sampling. This anomaly appears to be associated with previously unknown, upper greenschist to lower amphibolite facies greenstones with good potential host rocks (BIF, mafic volcanics) in the centre of the Ghooli granite dome. There is no prior exploration work on the Airfield EL other than this 30-year-old work by SOG.
This technical breakthrough endorses Kula’s focus of drilling near to operating gold mines as geologically proven areas for discovery, and importantly the development and mining of any discovery is much quicker and far less capex than a greenfields new mine development. The new licences are now targeting previously unrecognised amphibolite zones in the Ghooli Dome which were intersected in the recent Airfield drilling program to the south.
The drilling programme consisted of four Aircore holes and then 23 RC holes for 1824m of drilling. RC drilling at the Crayfish Prospect intersected silica-epidote altered, quartz-veined amphibolite with zones of pyrite, with only low-level gold results, which explains the gold in the auger sampling from the first pass auger.
The RC programme results for Au ranged from below detection (BD) to 73ppb gold over 4m, Platinum ranged from BD to 65ppb and Palladium from BD to 60ppb.
Drilling confirmed the new additional target of gold in greenstones, so refines the auger sampling in future programmes for time and cost savings to identify prospective auger geochemical targets for future RC drill testing.
Kula has completed auger drilling along approximately 51km of lines on the Marvel Loch licence and results will be reported once they are available from the assay laboratory.
Drillholes 21BMRC001-003 were testing a geophysics target and intersected thick approximately 40m vertical zones of kaolin which have been separately sampled and sent to Bureau Veritas and CSIRO in Adelaide for kaolin testwork.
For further information please visit: http://www.kulagold.com.au/
