Kula Gold Limited (ASX: KGD) has commenced drilling of an initial 1000m at the substantial Cobra Lithium Prospect approximately 20km west of the world’s largest hard rock lithium mine, Greenbushes in Western Australia.
We are excited to have commenced the Cobra Lithium Prospect RC drill programme with a RC rig and booster, initially to 150m downhole but with capacity to drill to 250m if required. Three lines of drilling spaced across the 3km strike length of the mapped pegmatite is the initial test,” Managing Director, Ric Dawson, said.
“Recent mapping has delineated that the mapped pegmatite extends further south-west and rock chips are being submitted for analysis.”
Kirup Lithium Project – E70/5452 – (70%, 30% Sentinel Exploration Ltd)
Cobra Lithium Prospect
Cobra Lithium Prospect sits in the central part of E70-5452, on a regional NE magnetic lineament in a mapped mafic sequence.
Pegmatites with high lithium content (up to 240ppm) containing muscovites, tourmalines and garnets (fractionated minerals) have been mapped and have increased to ~3km in strike length and up to 500m wide. Mapping continues to increase the potential dimensions of this prospect.
The mineralogy of pegmatites is composed of predominantly quartz, feldspar, tourmaline, muscovite, garnet, others (to be determined). Generally, poorly foliated and with a grainsize – locally very coarse, up to 10cm crystals of feldspars, and muscovite crystals up to ~5cm.
The initial RC drilling programme is 1,000m but is flexible to extend the programme for a prolonged period based on favourable rock types.
New mapping has extended the existing known pegmatite to the south by approximately 200m with rock chip samples being submitted for analysis and will be reported upon results.
Falcon Lithium Prospect
Planning is progressing towards drill ready status for the Falcon Lithium Prospect, on a different orientation and separate structure to Cobra Prospect. Mapped and interpreted dimensions show a strike length of approximately 2km and up to 300m wide.
Kula’s exploration team undertook a rock chipping and mapping programme at the Falcon Lithium Prospect. Results being high in Beryllium (Be), an excellent LCT mineralisation pathfinder, with significant rock chips having, 191.4ppm, 99.4ppm, 124.6ppm and 90.8ppm Be.
Mustang Lithium Prospect
The initial RC programme was curtailed with one RC hole drilled due to wet ground conditions in September 2023. The opportunity to return to this maiden RC programme is available if the company chooses at the back of the Cobra Prospect initial programme. Numerous other pegmatites in this group are now drill ready.
Mapping and soil sampling programme has increased the size of the pegmatite zone drill target for Kula to test for LCT mineralisation below the weathered zone estimated at 30-50m, similar to the nearby Greenbushes Mine.
The Mustang Lithium Prospect in an area of NNW trending magnetic lineaments, comprises a series of NNW striking pegmatitic bodies that occur within intercalated felsic gneiss and amphibolite sequences. Preliminary mapping has identified several pegmatite bodies with probable width increased to approximately up to 200m.
Thunderbird Lithium Prospect
Ongoing mapping and rock chipping (awaiting analysis results) has enhanced the Thunderbird Lithium Prospect that sits in the southern part of E70/5452, on a regional NE magnetic lineament. Previously mapped pegmatites on the GSWA 1:250,000 Collie Sheet and WAMEX A10394 have been ground truthed and samples were submitted for LCT mineralisation potential.
Adjacent lithium prospective tenement
The company has commenced the due diligence on E70/5662, a prospective granted exploration tenement, abutting our existing tenement and southwest of the Greenbushes lithium region in Western Australia.
E70/5662 is 48 sq. km in tenure and is prospective for lithium, nickel, gold and base metals and secured by an option agreement reported on 15th November 2023.
