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Kula Gold (ASX: $KGD) uncovers highly prospective gold mineralisation

Kula Gold (ASX: $KGD) Exploration Update


Kula Gold Limited (ASX: $KGD) has reported highly prospective gold mineralisation in its wholly owned Brunswick Project. The recent rock chipping and mapping programme near the historical Camilleri/Donnybrook Mine yielded an assay result of up to 11.19g/t gold. The Company is particularly interested in the Camilleri Prospect, which is in a historically rich area that had gold production of 236.7 ounces from 53 tons of material, equating to 146g/t. Additionally, the nearby Jarvis Prospect shows excellent gold potential due to identification of unrecorded historic shafts and high order soil anomalies.

Kula Gold's Managing Director Ric Dawson's Comments


Kula Gold's Managing Director, Ric Dawson, expressed the company's keen interest in the highly prospective Camilleri Prospect and the neglected historical area that had rich gold production. He also highlighted the potential of the nearby Jarvis Prospect, emphasizing the identification of unrecorded historic shafts and high order soil anomalies as indicators of excellent gold potential.

Exploration Update Summary


Kula Gold's recent exploration update has revealed highly prospective gold mineralisation at the Camilleri and Jarvis Prospects. The assay result of up to 11.19g/t gold near the historical Camilleri/Donnybrook Mine is particularly encouraging. The Company's Managing Director, Ric Dawson, expressed the company's interest in the historically rich area and highlighted the potential of the nearby Jarvis Prospect. Kula Gold is advancing projects within the South West region of WA for Lithium and has a history of large resource discoveries, with its recent discovery being the large 93.3mt Boomerang Kaolin Deposit near Southern Cross WA. The Company is actively working towards the next mineral discovery, potentially lithium, caesium, or tantalum near the world-class Greenbushes Lithium Mine.

KULA GOLD LIMITED
KGD | ASX | Materials
0.0110.001(+10%)
At close 05/07 (AEDT)
Market cap
$6.2M
Volume
348,520
DY Yield
0
PE Ratio
0
52 Week Range
0.006 - 0.048
1YR Return
-88.421%

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