ASX-listed mineral explorer Kula Gold (ASX:KGD) reports the presence of anomalous rock chip samples following a maiden exploration program at its 100% owned Westonia Gold Project in WA’s Southern Cross region.
The results, generated by gossanous rock samples, have returned copper (Cu) grades of up to 498.3ppm and PGE grades of up to 15.5ppb and are reportedly coincident with magnetic structures.
It is also reported that the return of these results have given way to the discovery of the location of a gossanous outcrop.
Return of these results has also warranted an acceleration of the current exploration program and is expected to be expedited with a V-TEM survey in late November this year
Return of these results has also warranted an acceleration of the current exploration program and is expected to be expedited with an airborne heli Versatile Time Domain Electromagnetic (V-TEM) survey in late November this year.
This additional copper geochemical data was completed with 50m spaced geochemical samples taken on 400m spaced lines.
The company also notes that these copper and PGE results have been received following the return of previous auger geochemical results, which returned grades of up to 125ppb combined platinum (Pt) and palladium (Pd), as well as 35ppb gold (Au), as announced by the company in August this year.
In addition, maiden exploration activities have been focused on the central portion of tenement E77/2766, situated less than 5km south of Western Australian based gold producer Ramelius Resources’ (ASX:RMS) Edna May Gold Mine which has historically produced over 1Moz of gold.
Kula Gold is a Western Australian gold exploration company focused on large land positions and structural geological settings capable of hosting 1Moz gold or equivalent deposits. The company’s Westonia project is located in WA’s Southern Cross region and comprises four exploration licences adjacent to the Edna May Gold Mine, which cover a total land area of 357km-square. The acquisition of this project tenement brought Kula’s projects at Southern Cross to a total of three.
With the maiden exploration activities at the Westonia project still ongoing, the company’s board announces it looks forward to reporting the next phase of exploration.