Junior explorer Kula Gold (ASX:KGD) has launched UltraFine+ (UFF) soil sampling across its Boomerang gold prospect within its Marvel Loch Project near Southern Cross in Western Australia.
The gold prospect lies below Kula’s existing Boomerang kaolin deposit, with the company having intersected an anomalous 1m interval @ 2.6 grams per tonne (g/t) Au from 54m in the area from drilling in November 2021.
Since then, Kula has completed geophysics and satellite imagery interpretation work that highlighted a ‘distinctive’ offset structure in the magnetics as well as a Sentinel -2 arsenopyrite anomaly.
Kula says the anomaly is ‘significant’ due to the presence of existing gold mines in the region containing this mineral. What’s more, the previous drill intercept came from the edge of the key target zone at the prospect.
With drill approvals in place for the area, Kula says the soil sampling work is a ‘low-cost, high-value-add’ program.
Kula Managing Director Ric Dawson says: “The company’s consultant has been able to interpret satellite Sentinel-2 imagery over the Boomerang gold prospect and observes that a substantial arsenopyrite mineral group correlation anomaly is coincident with the dislocation magnetic structure and the nearby gold intercept.
Historically, the rich Southern Cross Goldfield region has had its gold mineralisation associated with arsenopyrite, especially at the Mt Palmer Gold Mine to the east and has produced over 150,00oz of gold, at an average of 15g/t.”
Kula’s planned soil sampling work will take samples on a 20m-by-20m grid to outline potential gold targets.
The Boomerang gold prospect lies north of the historical Nevoria Gold Mine, west of the Mt Palmer Gold Mine, and east of St Barabara’s (ASX:SBM) 3-million-ounce Marvel Loch Gold Mine.
Kula says the historical mining in the area means the prospect is close to existing Marvel Loch gold processing infrastructure.
Alongside the fresh Boomerang work, Kula continues to develop its Stingray, 311, Nevoria North, and G-Star prospects in the area.
Images: Kula Gold
