The latest update is out from Kula Gold Limited ( (AU:KGD) ).
Kula Gold Limited has retracted previous statements regarding the potential of a high-grade gold mine at its Mustang Gold Prospect, following ASX’s position that there was no reasonable basis for such claims. Investors are advised not to rely on the retracted information for investment decisions. Despite this, Kula reports encouraging results from the Mustang Gold Prospect, with a peak high-grade rock chip gold assay of 4.3g/t and support from the Western Australian Government’s Exploration Incentive Scheme for further drilling. The company sees potential in being an early mover in this unexplored area.
More about Kula Gold Limited
Kula Gold Limited is a company focused on gold exploration, primarily operating in Western Australia. The company is involved in identifying and developing gold prospects, with a particular emphasis on new exploration areas such as the Mustang Gold Prospect near Kirup.
Technical Sentiment Signal: Sell
Current Market Cap: €2.9M
For a thorough assessment of KGD stock, go to TipRanks’ Stock Analysis page.