Kula Gold (ASX:KGD) reports a ‘significant’ advancement of the Tahlia prospect from recent geochemistry, mapping, and a geophysics review at its Southern Cross Project in Western Australia.
New reconnaissance mapping and rockchip sampling has uncovered anomalous readings of up to 214 parts per million (ppm) lithium, 144ppm tantalum, and 300ppm beryllium.
Kula says the results take this prospect to a ‘high-order’ lithium drill target.
The rockchip samples were collected at surface from suitable subcrop and outcrop locations and have confirmed the anomalism outlined in the first 2 surface sampling programs, further extending and refining areas of lithium anomalism.
Additionally, Kula reports multiple samples returned ‘significant’ results of over 50ppm Li, 20ppm Ta, 8ppm Sn, 5ppm Be and/or 80ppm Nb, ‘rapidly advancing’ the Taliah prospect to a drill-ready status.
Commenting on this discovery, Kula Gold Chief Executive Officer (CEO) Ric Dawson says: “The new Taliah lithium prospect in the Southern Cross Project, with anomalous lithium and tantalum elements, is advancing to a drill-ready prospect.
The new Nadia and Sasha prospects advancing quickly from a first-pass program are also very encouraging. These results are important as they provide a geological vector towards a possible orebody below and act as a precursor to the more definitive drilling in the future.
“The rocks here are 2.6 billion years old, so the evidence at surface provides the clues to a possible orebody in the vicinity”
The rocks here are 2.6 billion years old, so the evidence at surface provides the clues to a possible orebody in the vicinity. Considering that this tenement has had 0 previous exploration recorded in this mineral-rich state of Western Australia, generally, the first explorer tends to discover the larger finds.”
Kula says the newly identified Sasha prospect to the north of the Taliah prospect covers 1.8km-square, defined from rockchip sampling to date. A preliminary reconnaissance mapping and rock chipping program in this area detected anomalous readings of up to 58ppm Li, 28ppm Ta, and 18ppm Be.
Additionally, the company says an extensive follow-up UFF soil program is about to start this quarter, and results are expected to be released in the following quarter.
Kula also notes that a planning process is underway for a drill program as soon as possible, which is also subject to regulatory approvals.
Kula Gold is a Western Australian mineral exploration company with expertise in the discovery of new mineral deposits. The company is advancing projects within the South West region of Western Australia for lithium and gold at Brunswick, as well as gold and platinum group elements at Westonia.
Write to Aaliyah Rogan at Mining.com.au
Images: Kula Gold Ltd
