Join our daily newsletter At The Bell to receive exclusive market insights
- Kula Gold (KGD) has released reverse circulation (RC) drilling results at its Boomerang Kaolin prospect in Western Australia’s Southern Cross region
- KGD’s Boomerang site drilling is temporarily on hold due to the rig undergoing maintenance after a mechanical issue
- Kula has so far drilled 25 RC holes to a total depth of 1316 metres across its wholly-owned Airfield project
- Results from the RC series have shown an average vertical thickness of 30 metres of white kaolin clays intersected from around 6.5 metres from the surface
- Kula Gold shares have traded grey at 4.8 cents a share
Kula Gold (KGD) has released reverse circulation (RC) drilling results at its Boomerang Kaolin prospect in Western Australia’s Southern Cross region.
Drilling at the Boomerang site is temporarily on hold due to the rig undergoing maintenance after a mechanical issue.
Kula has so far drilled 25 new RC holes to a total depth of 1316 metres across its wholly-owned Airfield project.
The RC series has assisted KGD in defining the resource potential of kaolin and halloysite at Boomerang.
Logging from the RC series have shown an average vertical thickness of 30 metres of white kaolin clays intersected from around 6.5 metres from the surface.
The company is only partway through its RC series and has 37 holes remaining.
The first round of drilling focused around predominantly central and some linear points with the future holes spanning towards the north and south of the RC holes.
Before confirming the presence of kaolin in August this year, the company raised $1.8 million dollars for its WA projects.
Kula Gold shares have traded grey at 4.8 cents a share at 10:29 am AEDT.
