Kula Gold Limited reports Mt Palmer Gold Mine exploration update

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 update includes the completion of diamond drilling and the advancement of three new prospects, including high-grade gold intersections at El Dorado and Meiers Find.

Managing Director's Commentary on Mt Palmer Gold Mine Exploration

The diamond core had excellent recovery and will provide excellent structural data for analysis on this exciting high-grade project last mined in 1944. Following structural analysis, the core will be cut and assayed and results reported thereafter, which will lead to further drilling as knowledge of the high-grade zones improves and becomes more predictable. Historic data reviewed by Kula's technical team shows solid targets for high-grade gold mineralisation extending below 160m, the past mining level, shallow by today's modern operating practices. Excellent new prospects such as the El Dorado (6m @ 8.3g/t gold from 28m including 1m @ 45.4g/t gold from 30m with no follow-up) are 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.

Summary of Mt Palmer Gold Mine Exploration Update

Kula Gold Limited (ASX:KGD) has completed diamond drilling at Mt Palmer Gold Mine, with excellent recovery and structural data for analysis. The company has identified three new prospects, including El Dorado and Meiers Find, with significant high-grade gold intersections. The strategic exploration aligns with the company's goal to explore near existing operations to expedite any discovery to monetary success. The Mt Palmer Gold Mine, historically a high-grade project, presents solid targets for gold mineralisation, and the company plans to continue drilling to improve the predictability of high-grade zones. Kula Gold's focus on near-operation exploration reflects its commitment to fast-tracking potential discoveries.