Drilling shows Woodlark’s high grade gold

Kula Gold is developing the 100% owned Woodlark Island gold project 500km east of Port Moresby in the Milne Bay province.
KULA Gold Ltd yesterday announced “further significant”
intersections of gold mineralisation adjacent to a 685,000 ounce
Kulumadau resource at its Woodlark Island Gold Project in Milne Bay province.
Previously announced assay results from drilling confirmed an undiscovered zone of mineralisation is present under a relatively thin limestone cover immediately east of the Kulumadau resource.
Kula Gold managing director Lee Spencer said the company was continuing its definitive feasibility study due for completion early next year.
“We are also undertaking further exploration drilling to simultaneously expand our resources and geological knowledge of the region.
“This latest drilling campaign has demonstrated further evidence of a zone of high grade gold mineralisation adjacent to our already established resource at Kulumadau which is very encouraging, and we plan to continue our exploration program with the aim of establishing a resource at Kulumadau East,” he said.
Two reverse circulation (RC) drill rigs had been engaged during the last three months in engineering evaluation of proposed open pits, mill sites and hydrological studies for the feasibility study.
A single diamond rig had been utilised during this period in defining the limits, nature of host rocks and style of the Kulumadau East mineralisation.
Six diamond holes were completed with four holes drilled on section 8996500 to test overall geology of the Kulumadau area.
These holes intersected brecciated volcanics variably mineralised with base metals.
Hole 11WKUD 008 intersected 14 metres at 2.3g/t Au from 53m within a shear zone in these breccias.
Two diamond holes were drilled into the footwall of the Kulumadau East zone with the aim of confirming orientation of the host structure.
Holes generally intersected broad low grade zones of mineralisation in haematite altered volcanics, similar to alteration to the west of the main Kulumadau Resource.
Encouragingly, this indicates the structure dips back to the west towards the main resource.
A diamond hole into mineralisation previously defined by RC drilling at Kulumadau East confirmed previous high grade intersections, returning 26m at 6.3g/t Au from 37m including 6m at 21.2g/t from 54m.
Mineralisation was associated with calcite veins in clay shears within hydrothermal breccias