Kula Gold spots drill ready targets at Brunswick lithium project
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Kula Gold’s exploration work at the Brunswick Project – in a renowned lithium district in WA’s southwest region only 45km from the world’s largest hard rock lithium mine, Greenbushes – is paying off with drone magnetic surveys producing drill ready targets at the DBGM prospect.
The company interprets a ‘significant NE structure’ picked up at DBGM to be a possible hidden pegmatite, with a coincident lithium geochemical anomaly on the surface.
The target has a total potential strike of 1.7km with up to 102ppm lithium which is encouraging for surface sampling and with a drill ready target, permitting is now in progress for a short, focused RC drill program.
“Today’s update is a further advancement on the Brunswick Project, with one prospect, adjacent to the DBGM gold drill targets and one target moving to our first lithium drill program,” Kula Gold (ASX:KGD) CEO Ric Dawson said.
At the Hippy Lady prospect, recent reconnaissance mapping and rock chip sampling has detected anomalous tantalum readings of 74.8ppm and 45.1ppm which is significantly above background of approximately 1ppm.
This is the second highly anomalous analysis for Kula’s exploration team, and along with upcoming results of a recent UFF soils program, “adds significance to this virgin ground on this prospect area,” the company says.
The interpreted strike of the Hippy Lady Prospect is now nearly 2km long, with exploration work continuing.
This article was developed in collaboration with Kula Gold Limited (ASX:KGD), 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.