KULA GOLD LIMITED ASX Announcement & Media Release
RC Drilling of the Boomerang Kaolin Prospect at the Marvel Loch - Airfield Project Resumes
ACN: 126 741 259
onlyDate: 18th January 2022
ASX Code: KGD
B ard of Directors: Mark Stowell (Chairman) Mark Bojanjac
useJohn Hannaford Simon Adams
Shares on Issue:
215,175,632 Ordinary Shares
3,100,000 Options
personalC sh (Q3/2021):
$2.5 Million
Contact Details:
Office: 20 Howard Street, Perth WA 6000
Mail: PO Box Z5207, St Georges T rrace, Perth WA, 6831
Phone: +61 (0)8 6144 0592
Email:cosec@kulagold.com.au
Highlights:
- 52 RC holes (2,887m) drilled in late 2021, with 10 holes (approx. 600m) of original drill plan remaining
- Extension of original program by 18 additional holes (approx. 1080m)
- Logging of RC holes to date show the white kaolin clays have an average vertical thickness of 29m, intercepted from around 5.7m below surface
- Gold potential at the Boomerang Prospect is being tested by extending RC holes through to saprock or fresh rock, on discretion of the supervising geologist
Kula Gold Limited (KGD) is pleased to announce that reverse circulation (RC) drilling of the Boomerang Prospect at their 100% owned Marvel Loch - Airfield Project has resumed following the festive break.
For | |
www.kulagold.com.au | Figure 1. Rig 2 from Stark Drilling collaring 22BMRC001 (the first 2022 RC |
hole at the Boomerang Prospect) with the Kula on site geologist set up and | |
@KulaGold | ready to log. Project and Prospect location shown in inset map. |
Review of geologist's logging data for holes completed to date has warranted a further 18 holes (approx. 1,080m) be added to the original 62-hole drill program for a new total of 80 designed holes. The revised drill program spans approximately 1.9 km from north to south, and approximately 2 km from east to west, covering an area of around 3 km2 (see Figure 2).
Originally designed to define the geographic extent and assess the resource potential of kaolin and halloysite within the Boomerang Prospect, KGD is pleased to announce that RC drilling is now with the intent to deliver a Preliminary Resource Estimate for the Boomerang Kaolin Prospect.
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For personal use only
KGD is working with an independent Resource Geologist, in anticipation of being able to calculate a preliminary resource estimate for the Boomerang Kaolin Prospect, should assays and a reasonable expectation of economic extraction warrant.
The kaolin horizon at Boomerang averages 29m true vertical thickness (ranging 5m to 59m), with kaolin clays starting 5.7m below the surface on average (ranging 2m to 11m), calculated from all RC holes that have intercepted white kaolin clays to date.
To test the gold potential of the Boomerang Prospect, drill holes are being extended below the kaolin horizon into either saprock or fresh rock, at the discretion of the supervising geologist on assessment of the lithology, alteration, mineralogy and structure observable within the chips, in consideration with the location of the drillhole and KGD's evolving geological interpretation of the Marvel Loch - Airfield Project.
Drilling of the remaining 28 holes (approx. 2,680m) of the extended 80-hole program is expected to be completed within the next 14 days.
Figure 2. Map showing location of completed RC holes, coloured by depth of vertical kaolin intercept (as
determined by geologist on rig), and location of remaining planned drillholes
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Table 1. Summary of Boomerang RC Drill Hole Collars (UTM GDA94 Zone 50)
HoleID | Easting | Northing | RL | EOH Depth | Dip → Azi | |
(m) | (or Dip) | |||||
21BMRC001 | 744044.356 | 6518929.9 | 417 | 84 | -60→ 000 | |
21BMRC002 | 744052.17 | 6519136.3 | 415 | 90 | -60→ 000 | |
only | 21BMRC003 | 744055.344 | 6519194 | 413 | 84 | -60→ 000 |
21BMRC004ⴕ | 744048 | 6518996 | 426 | 72 | -90 | |
21BMRC005 | 743983 | 6518961 | 427 | 82 | -90 | |
21BMRC006 | 744135 | 6518960 | 424 | 69 | -90 | |
21BMRC007 | 744045 | 6518894 | 420 | 54 | -90 | |
21BMRC008 | 744046 | 6518850 | 421 | 42 | -90 | |
21BMRC009 | 744047 | 6518797 | 421 | 42 | -90 | |
21BMRC010 | 743994 | 6518797 | 421 | 42 | -90 | |
21BMRC011 | 744107 | 6518801 | 419 | 30 | -90 | |
21BMRC012 | 744043 | 6518748 | 426 | 60 | -90 | |
use | 21BMRC013 | 744046 | 6519047 | 427 | 72 | -90 |
21BMRC014 | 743992 | 6519049 | 420 | 60 | -90 | |
21BMRC015 | 744110 | 6519046 | 418 | 69 | -90 | |
21BMRC016* | 744052 | 6519106 | 421 | 38 | -90 | |
21BMRC016A | 744050 | 6519110 | 421 | 66 | -90 | |
21BMRC017 | 743822 | 6519014 | 421 | 60 | -90 | |
21BMRC018 | 744209 | 6519018 | 424 | 48 | -90 | |
21BMRC019 | 743803 | 6518797 | 424 | 48 | -90 | |
21BMRC020 | 743513 | 6518798 | 417 | 48 | -90 | |
personal | 21BMRC021 | 743219 | 6518794 | 412 | 39 | -90 |
21BMRC022 | 742940 | 6518803 | 411 | 39 | -90 | |
21BMRC023 | 743920 | 6519197 | 417 | 38 | -90 | |
21BMRC024 | 743760 | 6519200 | 417 | 60 | -90 | |
21BMRC025 | 743582 | 6519198 | 416 | 42 | -90 | |
21BMRC026 | 743381 | 6519210 | 412 | 48 | -90 | |
21BMRC027 | 743181 | 6519210 | 415 | 48 | -90 | |
21BMRC028 | 744079 | 6519877 | 406 | 48 | -90 | |
21BMRC029 | 744073 | 6519583 | 406 | 54 | -90 | |
21BMRC030 | 744067 | 6519436 | 412 | 60 | -90 | |
21BMRC031 | 744057 | 6519288 | 416 | 66 | -90 | |
21BMRC032 | 743971 | 6518996 | 417 | 66 | -90 | |
21BMRC033 | 743890 | 6518992 | 421 | 72 | -90 | |
21BMRC034 | 743584 | 6518995 | 420 | 60 | -90 | |
21BMRC035 | 743429 | 6518997 | 416 | 66 | -90 | |
21BMRC036 | 743280 | 6518995 | 411 | 42 | -90 | |
21BMRC037 | 743740 | 6518998 | 417 | 54 | -90 | |
21BMRC038** | 744048 | 6518934 | 422 | 78 | -60→ 000 | |
21BMRC039 | 744360 | 6519006 | 415 | 36 | -90 | |
For | 21BMRC040 | 744509 | 6518997 | 419 | 51 | -90 |
21BMRC041 | 744210 | 6519197 | 421 | 38 | -90 | |
21BMRC042 | 744358 | 6519193 | 418 | 60 | -90 | |
21BMRC043 | 744499 | 6519190 | 420 | 60 | -90 | |
21BMRC044 | 744665 | 6519211 | 419 | 54 | -90 | |
21BMRC045 | 744859 | 6519196 | 417 | 60 | -90 | |
21BMRC046 | 743889 | 6519393 | 411 | 48 | -90 | |
21BMRC047 | 743745 | 6519397 | 415 | 66 | -90 | |
21BMRC048 | 743589 | 6519386 | 421 | 36 | -90 | |
21BMRC049 | 743431 | 6519393 | 410 | 60 | -90 | |
21BMRC050 | 743277 | 6519394 | 411 | 60 | -90 | |
21BMRC051 | 744214 | 6519391 | 414 | 72 | -90 | |
21BMRC052 | 744360 | 6519390 | 414 | 42 | -90 | |
21BMRC053 | 744517 | 6519388 | 409 | 48 | -90 | |
21BMRC054 | 744665 | 6519395 | 413 | 42 | -90 | |
21BMRC055 | 743886 | 6519600 | 413 | 72 | -90 |
Table Notes: * 21BMRC016 was abandoned and redrilled as 21BMRC016A. ** Hole 21BMRC038 drilled as twin hole to 21BMRC001. 21BMRC001 - 21BMRC003 reported previously in ASX release 13 July 2021. Holes 21BMRC004 - 21BMRC027 reported previously in ASX release 3 Dec 2021. Collar Coordinates for 21BMRC004 onwards were obtained via handheld GPS and will be measured accurately by a qualified surveyor on completion of the drill program.
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For personal use only
By order of the Board
For Further Information, Contact:
Luke Abbott - Company Secretary
- +61 8 6144 0592cosec@kulagold.com.auwww.kulagold.com.au
About the Company
Kula Gold Ltd (ASX: KGD) is a Western Australia gold exploration company focussed on large land positions and structural geological settings capable of hosting ~1m oz deposits.
The company has projects within the Southern Cross WA region including Rankin Dome and Marvel Loch, as well as near Kurnalpi and Brunswick. The company has a history of large gold resource discoveries with its foundation Woodlark Island project in PNG.
Competent Person Statement
The information in this report that relates to geology and exploration is based on information compiled by Mrs Melanie Hickman, a Competent Person who is a member of the Australian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mrs Hickman is a Geology and Exploration Consultant who has been engaged by Kula Gold Ltd. Mrs Hickman has sufficient experience, which is relevant to the style of mineralisation, geology and type of deposit under consideration and to the activity being undertaken to qualify as a competent person under the 2012 edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (the 2012 JORC Code). Mrs Hickman consents to the inclusion in the report of the matters based on her information in the form and context in which it appears.
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Appendix 1 - JORC TABLE 1
Section 1 Sampling Techniques and Data
Criteria | JORC Code explanation | Commentary | |||||||
Sampling | • Nature and quality of sampling (eg cut channels, | • | Reverse circulation drilling was used to obtain 1m samples, | ||||||
techniques | random chips, or specific specialised industry | from which: | |||||||
only | standard measurement tools appropriate to the | ||||||||
o Gold Samples: up to 3kg was pulverized to produce 25g | |||||||||
minerals under investigation, such as down hole | |||||||||
for aqua regia digest and mass spectrometry finish. | |||||||||
gamma sondes, or handheld XRF instruments, etc). | |||||||||
These examples should not be taken as limiting the | o Kaolin Samples: Composite samples (generally 5m | ||||||||
broad meaning of sampling. | intervals, however, 2-4m composites) were created by | ||||||||
• Include reference to measures taken to ensure | |||||||||
putting the original cone split sample through a Jones | |||||||||
sample representivity and the appropriate calibration | |||||||||
of any measurement tools or systems used. | Riffle Splitter. Where a 1m sample was required, the | ||||||||
• Aspects of the determination of mineralisation that | cone split sample representing the respective metre was | ||||||||
are Material to the Public Report. | |||||||||
sent to the lab. Sample processing includes wet sieving | |||||||||
• In cases where 'industry standard' work has been | |||||||||
to the -45micron fraction. Analysis of this fine -45micron | |||||||||
done this would be relatively simple (eg 'reverse | |||||||||
circulation drilling was used to obtain 1 m samples | fraction includes measuring ISO brightness, XRF | ||||||||
from which 3 kg was pulverised to produce a 30 g | analysis for element composition and XRD analysis for | ||||||||
charge for fire assay'). In other cases more | |||||||||
mineral species abundance of kaolin and halloysite. | |||||||||
explanation may be required, such as where there is | |||||||||
coarse gold that has inherent sampling problems. | |||||||||
Unusual commodities or mineralisation types (eg | |||||||||
submarine nodules) may warrant disclosure of | |||||||||
detailed information. | |||||||||
Before Drilling | • Drill type (eg core, reverse circulation, open-hole | • | Drilling was RC type using a Schramm 450 drilling rig using | ||||||
techniques | hammer, rotary air blast, auger, Bangka, sonic, etc) | a 5¼ inch diameter drill-bit on a face sampling hammer. | |||||||
use | and details (eg core diameter, triple or standard tube, | ||||||||
depth of diamond tails, face-sampling bit or other | |||||||||
type, whether core is oriented and if so, by what | |||||||||
method, etc). | |||||||||
personal | • Method of recording and assessing core and chip | • | |||||||
Drill sample | Drill recovery for each metre was recorded at the rig (to the | ||||||||
recovery | sample recoveries and results assessed. | nearest kilogram), by placing the 2-calico cone split samples into | |||||||
• Measures taken to maximise sample recovery and | the bucket containing the remaining drill spoil, weighed on | ||||||||
ensure representative nature of the samples. | |||||||||
• Whether a relationship exists between sample | bathroom scales (tared to account for weight of bucket), and | ||||||||
recovery and grade and whether sample bias may | manually recorded in a drill sample recovery record book. | ||||||||
have occurred due to preferential loss/gain of | • | Samples were weighed on site, using a zeroed and tared | |||||||
fine/coarse material. | |||||||||
electronic kitchen scale and recorded to the nearest 10g on the | |||||||||
sample sheets. | |||||||||
• | Weights of samples sent for detailed kaolin analysis are recorded | ||||||||
and reported by the laboratory | |||||||||
• | No indication of sample bias with respect to recovery has been | ||||||||
established | |||||||||
• | There is nothing to suggest a relationship between sample | ||||||||
recovery and grade | |||||||||
Logging | • Whether core and chip samples have been | • | Geological Logging is completed for all holes and is | ||||||
geologically and geotechnically logged to a level of | representative across the prospect. The lithology, alteration, | ||||||||
detail to support appropriate Mineral Resource | |||||||||
grainsize, texture, colour, weathering, oxidation, veining and | |||||||||
estimation, mining studies and metallurgical studies. | |||||||||
presence of any sulfides were digitally logged into excel | |||||||||
• Whether logging is qualitative or quantitative in | |||||||||
nature. Core (or costean, channel, etc) photography. | spreadsheets in the field at the time of drilling. | ||||||||
• The total length and percentage of the relevant | • | Logging is both qualitative and quantitative depending on the | |||||||
intersections logged. | |||||||||
field being logged. | |||||||||
• | All drill holes are logged in entirety from surface to the EOH. | ||||||||
Sub-sampling | • If core, whether cut or sawn and whether quarter, | • | Two sample splits were collected in calico bags from the | ||||||
Fortechniques | half or all core taken. | cone splitter on the RC rig for each metre drilled. | |||||||
and sample | • If non-core, whether riffled, tube sampled, rotary | • | The geologist ensured the cyclone/cone splitter was level at | ||||||
preparation | split, etc and whether sampled wet or dry. | ||||||||
every hole by checking the inbuilt bubble level once the rig | |||||||||
• For all sample types, the nature, quality and | |||||||||
appropriateness of the sample preparation | was set up. | ||||||||
technique. | • | The cyclone was cleaned at the end of every hole, and on | |||||||
• Quality control procedures adopted for all sub- | |||||||||
occasion, mid-hole as requested by the geologist if | |||||||||
sampling stages to maximise representivity of | |||||||||
samples. | contamination was suspected. | ||||||||
• Measures taken to ensure that the sampling is | • | Samples were dry. | |||||||
representative of the in situ material collected, | |||||||||
• | Intervals were generally sampled for either | ||||||||
including for instance results for field | |||||||||
duplicate/second-half sampling. | gold/multielement or kaolin, not both. The decisions on | ||||||||
• Whether sample sizes are appropriate to the grain | whether an interval was sampled for gold or kaolin was | ||||||||
size of the material being sampled. | |||||||||
5 |
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Kula Gold Limited published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2022 01:44:07 UTC.
