Maiden drilling at Kula’s Cobra lithium prospect yields pegmatite hits
Special Report: Pegmatites have been visually observed in multiple intervals within 11 holes drilled by Kula Gold at the Cobra lithium prospect within its Kirup project in WA, validating its decision to double the size of the drill program.
This is potentially significant as Cobra is just 20km west of the world’s largest hard rock lithium mine, Greenbushes, whose owners Albemarle, Tianqi and IGO (ASX:IGO) spending billions to increase their downstream processing output and picking up nearby tenements.
Recent rock chip sampling and mapping carried out by Kula Gold (ASX:KGD) had returned pegmatites with high lithium content (up to 240 parts per million) at surface and increased its strike length from 2km to 4.2km.
Logging of the 11 holes totalling 1,860m has resulted in the identification of visual pegmatites in multiple intervals varying from 3m to interpreted 55m down to a down-hole depth of 210m.
Visual observations are of course no substitute for laboratory analysis and samples from the drilling have been submitted for testing.
“The maiden Cobra RC drill program intersecting the appropriate rock types that traditionally host LCT mineralisation is a positive start,” KGD managing director Ric Dawson said.
“The combination of encouraging outcrop, geochemistry and geophysics is now evident in the subsurface drilling.”
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.