Aurumin Ltd. (AU:AUN) has released an update.
Aurumin Ltd. has commenced diamond HQ3 core drilling at the historic Mt Palmer Gold Mine, aiming to drill 320 meters from existing pre-collared holes, with Terra Drilling accepting equity funding for additional drilling. The mine, with a past production rate of 15.9g/t gold, is strategically located near existing gold plants, supporting Kula’s strategy to fast track discoveries. The current high gold prices present a favorable opportunity for Kula to explore and develop this high-grade gold mine.
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