Kula Gold initiates exploration

Kula Gold Limited (ASX:KGD) has commenced a reconnaissance reverse circulation drilling program at the Mustang Gold Prospect, part of the Kirup Project in Western Australia. The venture is partly funded by the Western Australian Government's Exploration Incentive Scheme. The prospect is located about 110 km southwest of the Boddington Gold Mine, an area known for historical gold findings.

Mustang Gold Prospect exploration summary

Kula Gold Limited has initiated a drilling program at the Mustang Gold Prospect, backed by the Western Australian Government's Exploration Incentive Scheme with a partial funding of up to $180,000. The prospect is strategically located near historical gold areas, including the Boddington Gold Mine. The company employs advanced exploration techniques to refine their geological model and capitalize on potential gold discoveries. Kula Gold's strategy includes exploring large land positions with the potential for substantial mineral deposits, ensuring a promising outlook for future discoveries and expansions.

Executive commentary on drilling program

The main objective of this drilling program is to test the geological model developed through comprehensive exploration methods. We aim to uncover significant gold deposits in this high-priority area, leveraging our advanced techniques and the support from the Western Australian Government.