Kula Gold's exploration update

Kula Gold (ASX:KGD) has announced progress on its gold exploration at the Mt Palmer Gold Mine in Western Australia. The company reports significant findings across several prospects and plans to start resource drilling in early 2025. This effort is part of Kula's strategy to develop high-grade gold resources in its 10km greenstone belt.

Kula Gold's strategic exploration plans

Kula Gold Limited has provided an update on its gold exploration at the Mt Palmer Gold Mine, highlighting significant drill results that indicate potential for further exploration. Notable prospects include Bryant, El Dorado, Meiers Find, and Mt Palmer East, with each showing promising gold intersections. Historically, Mt Palmer produced over 150,000 ounces of gold, and Kula aims to revive this legacy. The company plans to begin resource drilling in 2025, supported by ongoing geological insights from SRK Consulting. Kula's strategy includes exploring substantial mineral deposits, emphasizing both gold and lithium, in Western Australia.

Executive insights on exploration progress

The exploration efforts are part of Kula's strategy to develop high-grade gold resources within the 10km greenstone belt it owns. The company plans to commence resource drilling in the first quarter of 2025.