DRILLING RESULTS CONFIRM NEW MINERALISATION ZONE AT KULUMADAU
Key Highlights:
Results confirm a new zone of mineralisation is present east of the Kulumadau Resource
Significant new assays results include the following:
- 47 metres @ 1.3g/t Au from 25 metres
- 64 metres @ 1.3g/t Au from 34 metres including 13 metres @ 3.3 g/t Au
- 11 metres @ 4.6 g/t Au from 91 metres including 2 metres @ 15.5g/t Au
- 23 metres @ 1.5g/t Au from 22 metres including 1 metre @ 8.3g/t Au
Kula Gold Limited (ASX:KGD) is pleased to announce further significant intersections of gold mineralisation adjacent to the Kulumadau Resource at its 100% owned Woodlark Island Gold Project in Papua New Guinea. These recent assay results confirm a new, previously undiscovered zone of mineralisation present under a relatively thin 20 metre limestone cover.
Kula Gold Managing Director, Lee Spencer said, “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. This new discovery confirms our belief in the excellent near-surface potential under thin cover on Woodlark Island.”
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