Identifies Potential Ultramafics In Western Gneiss Terrain
Kula Gold Limited (ASX:KGD) has reported significant exploration advancement on its Brunswick Ni-Cu-PGE Project in the south west of Western Australia.
Recent fieldwork successfully identified potential Ultramafics in this new licence in the prospective Western Gneiss Terrain including PXRF readings up to 0.2%Ni at surface. This may be the first recorded Ultramafics in this underexplored district.
The company told shareholders these are exceptional results from such early stage work, provide validation for the basis of acquisition, and focus areas of interest within Kula’s large 240 sq. km landholding.
The exploration license application ELA70/5599 covers 240 sq. km and is located between the towns of Donnybrook and Brunswick Junction, approximately 150km south of Perth.
The licence is located in the highly prospective Western Gneiss Terrain which hosts Chalice Gold Mines, Julimar Ni-Cu-PGE Project to the North. The open file magnetic data shows some subdued magnetic highs which the company considered worth investigating further to see if the subdued magnetic response was masking potential Ultramafics in the area.
Reconnaissance fieldwork has been completed and several target areas were field checked using public road access. The Brunswick gold occurrence consists of two old shafts which have been covered by large trees and metal. There is no recorded drilling at this historic mine which consists of Au mineralization in pyritic quartzite and schist exposed in shafts at the site.
Sub-crop at Site 2 revealed a strongly silicified pillow basalt that is deemed responsible for the higher magnetic response.
Site 3 consists of a Qtz-limonite-sericite schist which was K-altered and showed consistent anomalous Co from 400 – 730ppm.
Site 4 was a NE trending magnetic high which is defined by a NE trending meta-ultramafic unit with PXRF readings of up to 2000ppm Ni (0.2%). A thin section was prepared by Roger Townend and described as a Hornblende schist or Amphibolite (meta- Ultramafic/Mafic precursor).
Readings of the rock-chip samples were taken with an Olympus Vanta 50Kv PXRF, which have been submitted to Bureau Veritas for comparative assays Landowner access to locations of interest are in progress.
