Kula Gold (ASX:KGD) target more lithium potential near Greenbushes
October 17, 2022Kula Gold has identified five more pegamatite targets expanding its lithium field programme to 11 sites at its 100%-owned Brunswick Project about 45 kilometres from the world-class Greenbushes Lithium Mine in Western Australia’s South West.
The Company is upbeat about finding more outcrops, reporting excellent progress on field mapping and sampling the numerous pegmatite occurrences on tenements E70/5513 & E70/5599 and cashed up for extensive lithium exploration of further potential following the successful completion of recent capital raisings.
Meanwhile, discussions continue to secure new opportunities in the lithium sector that would complement the Brunswick Project.
The Company’s ASX-listed shares are 3.9c 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 significant 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 announced 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 subsequent mineral discovery, potentially Lithium, near the world-class Greenbushes Lithium Mine.
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