Kula Gold Limited (ASX:KGD) has obtained excellent progress on potential lithium bearing pegmatites at its wholly-owned Brunswick Project, approximately 45km morth of the world’s largest hard rock lithium mine, Greenbushes Lithium Mine in Western Australia.
“Todays update is a solid advancement on the Brunswick Project, moving to our first lithium drill target with a 1.7km lithium anomaly, adjacent to the DBGM gold drill targets. Two styles of different targets in our next drill campaign will be really interesting,” CEO, Ric Dawson, said.
Brunswick Project – 100% owned
Ground exploration has increased with the number of pegmatite targets being mapped, rock chipped and this work is continuing. Rock chip samples have been sent to the laboratory for multi-element analysis that includes not only Lithium (Li) detection but additional pathfinder elements Caesium (Cs), Niobium (Nb) and Tantalum (Ta) and will be reported in due course.
DBGM Prospect – 100% owned
Further to a recent soil programme in the northern portion of the tenement, the target has increased by over 700m in strike for a total potential strike of 1.7km with up to 102ppm lithium which is encouraging for surface sampling. Lithium due to its high mobility in the weathering zone is normally very low and these results are above background measurements.
A prospect scale drone magnetics survey is planned for this quarter that will allow for interpretation of zones of dilation or move that would allow pegmatites to come to the near surface. It is also anticipate upon successful interpretation of the magnetic survey that a RC drilling programme could also be planned for this next quarter.
Hippy Lady East Target – 100% owned
Recent reconnaissance mapping and rock chipping has detected two anomalous tantalum reading of 46ppm and 14ppm with is significantly above background of approximately 1.0ppm.
This is the first highly anomalous analysis for Kula’s exploration team. The significance cannot be overstated on virgin ground and now provides the team to do substantially more mapping, rock chipping and now soil sampling will be added to the activities this quarter on this target area.
The regional magnetic image is at a regional scale and a drone magnetics survey will be conducted at a prospect scale of 25m line spacing to determine structures below the surface that may indicate dilation or movement that will allow pathways for pegmatites to come to the near surface.
For further information please visit: https://www.kulagold.com.au/