Kula Gold (ASX:KGD) reports on ground exploration has identified 5 additional pegmatite targets ‘potentially’ bearing lithium at the Brunswick Project, located in southwest Western Australia.
Lithium exploration at the Brunswick Project, located around 45km from the Greenbushes Lithium Mine has uncovered further pegmatite targets, bringing the total to 11 targets.
The company reports field mapping and sampling of pegmatite occurrences continues with the intent of finding more, and collected samples have been submitted to the laboratory for assay, and results will be reported once received.
Kula Gold is a Western Australian mineral exploration company with expertise in the discovery of new mineral deposits in Western Australia.
The company’s strategy is through large land positions and structural geological settings capable of hosting over 1Moz gold or equivalent sized deposits including lithium.
Kula is advancing projects within the southwestern region of Western Australia for lithium and gold at Brunswick, as well as gold and PGE at Westonia, adjacent to the producing Edna May Gold Mine owned by Ramelius Resources (ASX:RMS) in the Western Australian goldfields.
The company reports it has a history of large resource discoveries with its foundation being the Woodlark Island Gold Project located in Papua New Guinea (over 1Moz gold), which was subsequently joint ventured and sold to Geopacific Resources (ASX:GPR).
Kula also recently discovered the ‘large’ 9.33Mt Boomerang Kaolin deposit near Southern Cross in Western Australia, and this project is currently in the economic study phase moving to PE funding or trade joint venture.
Images: Kula Gold Ltd