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- Kula Gold (KGD) completes reconnaissance drilling at the main “eye” structure within its Westonia project in Western Australia
- The company has now tested six high-priority targets at Westonia located less than five kilometres from the two-million-ounce operating Edna May gold mine
- Kula completed one aircore and 26 reverse circulation drill holes for 2292 metres, with samples now sent for analysis
- The company said drilling uncovered zones of alteration with potential mineralisation to be confirmed with pending assays
- Kula shares are up 4.35 per cent to 2.4 cents at 1:16 pm AEDT
Kula Gold (KGD) has completed reconnaissance drilling at the main “eye” structure within its Westonia project in Western Australia.
The company has now tested six high-priority targets at the project, which lies near the two-million-ounce operating Edna May gold mine.
Efforts included the drilling of one aircore hole and 26 reverse circulation (RC) holes for 2292 metres. From this drilling work, 614 composite samples were sent for analysis. Kula said 90 samples were requested for expedited processing.
Kula CEO Ric Dawson said the company was optimistically awaiting the results from the lab.
“Our reconnaissance drilling program has provided the company with optimism on these exciting grassroots prospects at the Westonia project adjacent to the roughly two-million-ounce Edna May gold mine,” Mr Dawson said.
The drilling was carried out across a range of previously untested Archean greenstone targets throughout Westonia.
Kula said the reconnaissance drilling uncovered zones of alteration with potential mineralisation to be confirmed with pending assays.
The company commenced the drilling of the untested potential mafic and ultramafic “eye” structure intrusive targets on January 30, 2023, taking advantage of cleared paddocks throughout the tenement.
Kula shares were up 4.35 per cent to 2.4 cents at 1:16 pm AEDT.
