Kula Gold Limited (ASX:KGD) has made excellent progress on identifying potential lithium bearing pegmatites at its Brunswick Project and the recently acquired Kirup Project, approximately 20km west of the world’s largest hard rock lithium mine, Greenbushes Lithium Mine in Western Australia.
Historical BHP diamond drill core was found at the GSWA Core Library in good condition, and a pegmatite was identified at 73m depth in hole DDB-1, in addition to a high-grade gold result of 1m @51g/t gold from 39m previously intersected – it was never followed up.
The company also confirmed a follow up field mapping and rock chip sampling programme on lithium and tantalum bearing pegmatites at its wholly-owned Southern Cross Project, approximately 90km north of the world class Mt Holland Lithium Mine in Western Australia.
“Todays results for the Brunswick Project are an excellent advancement to our first drill programme on these projects,” CEO, Ric Dawson, said.
“This new Taliah Prospect in the Southern Cross Project with anomalous LCT suite mineralization is a nice surprise from some regional work to add to our advancing lithium portfolio of projects.
“The tantalum results are important as they are part of the same LCT suite but less mobile at surface than the lithium so an important geological vector towards a possible orebody. The rocks here are ~2.6B years old so the evidence at surface of an orebody below requires some careful science to detect.”
For further information please visit: https://www.kulagold.com.au/
