Kula Gold Discovers New Gold Lode at Mt Palmer

Kula Gold Limited (AU:KGD) has released an update.

Kula Gold Limited has announced the discovery of a new shallow gold lode at their Mt Palmer Gold Mine, with promising drill results such as 4m at 3.02g/t gold, including 1m at 6.66g/t gold. This finding, together with historical data, indicates a contiguous zone of gold mineralisation, encouraging further exploration below the levels mined before 1944. The mine’s proximity to existing gold plants supports Kula’s strategy to leverage nearby infrastructure for rapid advancement to production.

For further insights into AU:KGD stock, check out TipRanks’ Stock Analysis page.