Source: Kula Gold
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  • West Australian gold explorer Kula Gold (KGD) will start its auger drilling program next week at the Airfield Gold project in Southern Cross, WA
  • The drilling program includes 400 holes and will use a brand new rig
  • The program will follow up on previous historical gold results from the 90s and the recent claypan target
  • Results from the drilling are expected in January
  • On market close for the day, Kula is up 8.57 per cent and is trading for 3.8 cents per share

Kula Gold (KGD) will begin its regional auger drilling program next week on the Airfield Gold project in Southern Cross, WA.

The drilling program will cover 400 holes and use a brand new rig that can reach up to 30 metres. The new rig was built and designed by Africa’s largest Auger Geochemical company, Sahara Natural Resources.

The drilling will follow up on previous historical gold results completed by Sons of Gwalia (SOG), who found 311 parts per billion of gold in the mid-90s.

Recently, a small auger program, completed over a claypan on the eastern side of the licence, found anomalous gold results of up to 21 parts per billion of gold, which produced a new target for the current drilling program.

Samples from the program will be sent to Bureau Veritas in Perth for
analysis and results are expected in early January.

Additionally, a broad 400-metre line spaced auger program is also planned at the Rankin Dome Gold project, which lies to the west of Southern Cross.

On market close for the day, Kula is up 8.57 per cent and is trading for 3.8 cents per share.

KGD by the numbers
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