Kula Gold confirms new mineralisation at Kulumadau
THE DRILL SERGEANT: Kula Gold has intersected further gold mineralisation adjacent to the Kulumadau Resource at its 100% owned Woodlark Island gold project in Papua New Guinea.
Recent assay results received by the company have confirmed a new, previously undiscovered zone of mineralisation present under a relatively thin 20 metre limestone cover.
The new zone of mineralisation was uncovered due more to chance than circumstance when the company was drilling a sterilisation line of 20 RC drill holes at approximate 75m collar spacing to sterilise an area for a waste dump, immediately to the east of the proposed Kulumadau pit.
Significant new assays results included:
– 47m at 1.3 grams per tonne gold Au from 25m;
– 64m at 1.3g/t gold from 34m including 13m at 3.3 g/t gold;
– 11m at 4.6 g/t gold from 91m including 2m at 15.5g/t gold, and
– 23m at 1.5g/t gold from 22m including 1m at 8.3g/t gold.
“The confirmation of this new mineralisation outside of the proposed open pit at Kulumadau is very welcome and the company will be accelerating its drilling program to delineate the full potential of this larger mineralised system,” Kula Gold managing director Lee Spencer said in an announcement.
“This new discovery confirms our belief in the excellent near-surface potential under thin cover on Woodlark Island.”
Geological logging carried out on the holes indicated the hydrothermal system at Kulumadau to be much larger than previously thought as a result of the intensive phyllic alteration and intrusive breccias that were intersected in a number of these RC holes.
Three out of the first four holes drilled returned significant gold assays, which the company had reported in an announcement in May.
The new assay results provide confirmation that the newly discovered mineralisation extends for some 400m east of the Kulumadau pit collar as delineated by the Pre-Feasibility Study.
The company is hopeful an intersection of lower grade mineralisation in two of the holes together with zones of elevated base metals in other holes may indicate additional zones of mineralisation are present closer to the PFS pit collar.
A diamond hole was drilled to confirm structural and host lithological data, which indicated the style of alteration and mineralisation are similar to that which constitutes the Kulumadau Resource.
A reconnaissance RC drill hole line is presently being drilled 300m to the south and parallel with the first drill line with the objective of determining the limits of the mineralising system and two RC holes have been drilled 75m to the north to determine strike orientation.