Kula (ASX:KGD) takes aim at Brunswick project
November 14, 2022Kula Gold has mapped a mighty 2km long and up to 300m wide pegmatite mapped on the Donnybrook-Bridgeton shear zone that hosts the Greenbushes Lithium Mine, a part of an ongoing exploration of its Brunswick Project located just 45km north of the world’s largest hard rock lithium operation.
Anomalous lithium in soil sampling from the Donnybrook Gold Mine prospect is significantly advancing the target area as the Company looks to secure new opportunities in the lithium sector that would complement the existing Brunswick Project.
Exploration has shown lithium detection and caesium, niobium and tantalum pathfinder elements.
“Todays update is a solid advancement on the Brunswick Project, showing a large target on the well know Donnybrook-Bridgetown Shear Zone which hosts Greenbushes, as well as a new target next to our advancing Donnybrook gold project.,” Chief Executive Officer Ric Dawson said.
Price Action
The Company’s ASX-listed shares are 4.3c at Market Open.
About Kula Gold
Kula (ASX: KGD) is a Western Australian mineral exploration company with expertise in the discovery of new mineral deposits in WA. The strategy is via large land positions and structural geological settings capable of hosting ~+1m oz gold or equivalent sized deposits including Lithium.
The Company is advancing projects within the South West region of WA for Lithium and Gold at Brunswick, as well as Gold and PGE at Westonia adjacent to the producing Edna May Gold Mine (owned by ASX:RMS) in the WA goldfields.
The Company has a history of large resource discoveries with its foundation being the Woodlark Island Gold project in PNG, (+1m oz Gold) which was subsequently joint ventured and sold to (ASX: GPR).
Kula’s recent discovery was the large 93.3mt Boomerang Kaolin deposit near Southern Cross WA– Maiden resource annouced 20 July 2022. This project is in the economic study phase and moving to PE funding or trade JV.
The exploration team are busily working towards the next mineral discovery, potentially Lithium near the world class Greenbushes Lithium Mine.
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