Kula Gold (ASX: $KGD) commences RC drilling at Mt Palmer Gold Mine

Kula Gold Limited (ASX: $KGD) has announced the commencement of the reverse circulation (RC) drill programme at the Company's 51% acquired Mt Palmer Gold Mine located near Marvel Loch WA in the Southern Cross Goldfields. The historic Mt Palmer Gold Mine, formerly known as Yellowdine Mine, produced over 150,000 ounces of gold at 15.9 grams/tonne in the period 1934 to 1944. The planned RC drill programme aims to test the down plunge, along strike extensions to the historically known orebody.

Kula's Managing Director Ric Dawson on Mt Palmer Gold Mine

This historically rich 'half ounce' gold mine has had ~200 workhours of analysis by Kula's technical team and shows solid targets for high-grade gold mineralisation extending down plunge. This acquisition aligns with the Company's strategy to explore near to existing operations to fast track any discovery to monetary success.

Exploration Outlook and Strategy

Kula Gold Limited's commencement of the RC drill programme at the Mt Palmer Gold Mine signifies a strategic move to explore near existing operations, aiming to fast track any discovery to monetary success. The historic mine, with its rich gold production history, presents solid targets for high-grade gold mineralisation, aligning with Kula's exploration strategy. The planned RC drill programme will focus on testing the down plunge, along strike extensions to the historically known orebody, indicating the company's commitment to unlocking the full potential of the Mt Palmer Gold Mine and surrounding areas. Kula Gold's ambitions to discover additional deposits and its focus on developing existing gold prospects demonstrate the company's dedication to further exploration and potential future discoveries in the region.