Exploration Update at Mt Palmer Gold Mine

Kula Gold Limited (ASX:KGD) has reported an exploration update at the Company's 51% and earning to 80% Mt Palmer Gold Mine located near Marvel Loch WA in the Southern Cross Goldfields. The historical air core and geophysical and lithological interpretations have identified a possible parallel structure over 8km in length east of the Mt Palmer Gold Mine.

Managing Director's Commentary

This prospect was dismissed and subsequently overlooked due to perceived paleochannel geometry. More recent exploration also replicated the previous theory and did not explore significantly into the basement rocks for a primary source of the gold mineralisation obtained in the air core drilling. The magnetic signature that is coincident with these gold assays warrants future drilling. This prospect is being advanced to drill ready status for a planned RC programme. This acquisition aligns with the Company's strategy to explore near to existing operations to fast track any discovery to monetary success.

Exploration Update Summary

Kula Gold Limited (ASX:KGD) has provided an exploration update at the Mt Palmer Gold Mine, indicating plans to advance the Mt Palmer East prospect for future drilling. The historical air core drilling in 1993/1994 by Reynolds Yilgarn Gold Operation Ltd revealed highly anomalous gold grades over 3m, with a coincident N-S magnetic high structure for over 8km. The Company's Managing Director, Ric Dawson, emphasized the need for future drilling to explore the basement rocks for the primary source of gold mineralisation. The Company's strategy to explore near existing operations aligns with the aim to fast track any discovery to monetary success. Kula Gold's recent discovery of the Boomerang Kaolin Deposit and its expertise in mineral exploration in Western Australia position the Company for further success in the region.