Assays from metallurgical test holes at newly-listed Kula Gold’s Woodlark Island Gold Project have confirmed zones of high-grade mineralization within a lower grade envelope.
The diamond drill hole results come from the Kulumadau and Busai deposits.
At Busai drilling targeted the western and northern zones of the resource to obtain representative samples for metallurgical test work. At Kulumadau, 5km west of Busai, two holes were drilled to obtain representative metallurgical samples.
The drilling samples have been sent for detailed analysis with the aim of completing confirmatory metallurgical test work for the ongoing definitive feasibility study.
The project, which is 500km east of Port Moresby in the Milne Bay Province, contains total JORC-compliant mineral resources of 35 million tonnes @ 1.5 grams/tonne gold for 1.75 million ounces of gold.
Kula Gold’s chief executive officer Lee Spencer says the results confirm the exciting potential of Woodlark Island. “We remain very confident that our extensive drilling program initiated this year will lead to further delineation of gold resources at the project.”www.kulagold.com.au