Positive signs: Kula Gold doubles Cobra lithium drill program to 2,000m

Kula Gold doubles maiden RC drilling at the Cobra prospect to 2,000m
Cobra is just 20km west of the giant Greenbushes mine
Expansion to improve geological understanding and coverage of the 3.2km of surface mapped pegmatites

Special Report: Kula Gold has wasted no time doubling the size of its drill program to 2,000m at the Cobra lithium prospect within its Kirup project in WA on the back of intriguing intriguing visuals.

With Cobra just 20km west of the world’s largest hard rock lithium mine, Greenbushes, and the broader Kirup project hosting unexplored pegmatite outcrops, Kula Gold (ASX:KGD) is understandably keen to determine just what is present.

After all, not only are Greenbushes owners Albemarle, Tianqi and IGO (ASX:IGO) spending billions to increase their downstream processing output, they are also acquiring nearby tenements.

Prior to the start of the current maiden drill program, work carried out at Cobra had mapped pegmatites with high lithium content (up to 240 parts per million) at surface and increased its strike length from 2km to 3.2km and width to 500m.

Mapping continues to increase the potential dimensions of this prospect.

Expanded drill program

KGD has now doubled the size of its maiden reverse circulation drill program at Cobra on the recommendation of its technical team.

This is aimed at provided better geological understanding and coverage of the 3.2km of surface mapped pegmatites.

Rig operating at the Cobra prospect. Pic: Supplied (KGD).

“With what we are intercepting, we have doubled the Cobra lithium prospect RC drill program, including Hole 23CPRC001 which will be re-entered and extended deeper,” managing director Ric Dawson said.

“The first RC hole went to a downhole depth of 168m and the second hole 23CPRC002, to 174m. The 4m composite samples for all of the first 252m of drilling have been submitted to the laboratory for analysis.”

This article was developed in collaboration with Kula Gold, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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