Gold Discovery Momentum: Gullewa Ltd (ASX: GUL) Advances Exploration Efforts

High-grade Gold Intercepts Unveiled

Gullewa Limited (ASX: GUL) has delivered impressive results from its 2024 drilling campaigns at the South Darlot and British King gold projects in Western Australia. Significant gold intercepts and visible gold discoveries highlight the untapped potential of these assets.

South Darlot Project: RC drilling across 31 holes (1,998m) revealed:

• 2m @ 14.85 g/t Au (24WNRC_005).
• 1m @ 9.51 g/t Au (24SKRC_001).
• 4m @ 3.43 g/t Au (24MERC_003).

British King Project: Diamond drilling over six holes (334.18m) produced exceptional grades:

• 3m @ 22.68 g/t Au, including 0.39m @ 184.56 g/t Au (24BKDD003).
• 0.92m @ 56.03 g/t Au (24BKDD004).
• 1.02m @ 14.88 g/t Au (24BKDD005).

Strategic Advantages:

• QAQC Excellence: Rigorous quality protocols ensure reliability of assay results.
• Prime Location: Proximity to mining hubs like Kalgoorlie provides infrastructure and expertise.
• Leadership Insight: CEO David Deitz and a skilled team drive exploration success.

Market Snapshot

Gullewa’s market cap of $12.21M and sector-relative performance (+7.35%) showcase resilience. Insider confidence is strong, with key stakeholders maintaining significant holdings.

Future Focus

The company aims to expand lateral and downdip exploration, advance metallurgical testing, and refine satellite targets. Gullewa’s strategy positions it for growth in Australia’s lucrative mining landscape.