Kula Gold Exploration Update

Kula Gold (ASX:KGD) has shared an update on its exploration activities at the Mt Palmer Gold Mine project in Western Australia. The company is planning to commence resource drilling in early 2025, following encouraging results from shallow gold prospects. Currently holding a 51% stake, Kula Gold aims to increase its interest to 80%.

Summary of Kula Gold's Exploration Plans

Kula Gold is making significant strides at its Mt Palmer Gold Mine project with promising gold intersections at multiple prospects. The company plans resource drilling by early 2025 and intends to boost its stake from 51% to 80%. The strategic location near historically productive mines and recent geological studies enhance the project's potential. Kula Gold continues to focus on mineral exploration in Western Australia, leveraging robust geological insights and successful drilling activities to guide their future plans.

Executive Commentary on Mt Palmer Progress

The recent drilling results from our prospects at Mt Palmer have exceeded our expectations. The significant gold intersections we've seen at Bryant, El Dorado, and Meiers Find prospects are highly encouraging and suggest substantial potential for resource development. We are strategically positioned near the historically productive Marvel Loch and Yilgarn Star mines, which adds to our confidence in the prospects of this project. Our partnership with SRK Consulting has been invaluable in understanding the geological structure, which will guide our future exploration efforts.