Kula Gold identifies significant gold prospectivity after rock chips return assays of up to 11.19g/t gold
Camilleri prospect includes the Camilleri mine area that had historical gold production totalling 236.7oz
Assays are pending from more intensive mapping of outcropping veins while work is planned at the Jarvis prospect
Special Report: Kula Gold has identified significant gold prospectivity at its Brunswick project in WA near a historical production area after rock chipping and mapping returned assays of up to 11.19g/t gold.
Brunswick sits within the Donnybrook-Bridgetown Shear Zone just 35km from Greenbushes, the world’s largest hard rock lithium mine.
While Kula Gold’s (ASX:KGD) interest in the project was initially sparked by its proximity to Greenbushes, Brunswick also hosts historical gold production with the Camilleri mine having produced some 236.7oz of the precious metal from 53t of material – or a grade of ~146g/t gold.
Previous rock chipping by the company near the Camilleri prospect, which includes the Blackwood area that produced 24oz of gold, had returned gold grades of 0.8-3.3g/t.
Camilleri is also close to the Donnybrook gold mine and is a gold trend near the intersection of the Donnybrook Shear Zone and the Darling Fault Zone.
Brunswick project showing the Camilleri and Jarvis prospects. Pic supplied (KGD)
Growing gold prospectivity
A recent rock chip sampling and mapping program has now delivered even more evidence that there’s still gold to be found at Camilleri with laboratory assays returning grades of up to 11.19g/t gold.
KGD says the result is highly encouraging for a more advanced exploration programme in the coming quarters.
“Kula Gold is particularly interested in the Camilleri Prospect in a historically rich area that had gold production of 236.7 ounces from 53 tons of material, (equates to 146g/t),” managing director Ric Dawson said.
“This neglected area had previous miners plan drill holes which for unknown reasons did not eventuate. Hopefully for Kula Gold’s benefit this historical oversight will be fortuitous.
“In addition, the Jarvis prospect nearby provides excellent gold potential due to identification of unrecorded historic shafts and high order soil anomalies.”
Further activity
KGD has carried out more intensive mapping of the outcropping veins that have haematite alternation and is awaiting assays.
A mapping, rock chipping and UFF soil sample program will also be carried out at the Jarvis prospect this quarter to provide a better gold definition for advanced exploration.
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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