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Kula Gold (ASX: $KGD) defines gold anomaly at Boomerang Prospect

Kula Gold's Marvel Loch Project Update


Kula Gold Limited (ASX: $KGD) has reported the discovery of a gold anomaly at the Boomerang Gold Prospect at the Marvel Loch Project near Southern Cross, WA. The company's geochemical sampling has defined a promising drill ready target, with drilling approvals in place and preliminary drill locations marked. The prospect is located near existing gold mines and infrastructure, aligning with Kula's strategy of exploring near to existing operations for potential fast-track success.

Executive Commentary on Boomerang Gold Prospect


This is a very promising target in a proven mining district, so Kula has a rig on standby, preliminary drill locations have been marked, awaiting detailed geochemistry results to refine the drill locations and commence drill testing over the next few weeks. Current GSWA 1:250,000 mapping in this region is different to what Kula is now discovering and observing and this now opens up major gold exploration potential in our large unexplored landholding.

Summary of Marvel Loch Project Update


Kula Gold (ASX: $KGD) has defined a gold anomaly at the Boomerang Gold Prospect, indicating a promising drill ready target near Southern Cross, WA. The company's strategy of exploring near to existing operations for potential fast-track success is evident in this discovery. With drilling approvals in place and preliminary drill locations marked, Kula Gold is poised to commence drill testing over the next few weeks. The discovery opens up major gold exploration potential in the company's large unexplored landholding, aligning with its ambitions for further mineral discoveries in the region.

KULA GOLD LIMITED
KGD | ASX | Materials
0.0110.001(+10%)
At close 05/07 (AEDT)
Market cap
$6.2M
Volume
348,520
DY Yield
0
PE Ratio
0
52 Week Range
0.006 - 0.048
1YR Return
-88.421%

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