Kula Gold management hosted brokers from Euroz Hartleys on a tour of the Company’s Mt Palmer Gold Mine Project near Marvel Loch this week.
The Company’s RC Drilling program is currently being conducted with Stark Drilling onsite, testing the down plunge along strike extensions to the historically known orebody. The Mt Palmer Mine (formerly known as Yellowdine Mine) produced over 150,000 ounces of gold at 15.9 grams/tonne in the period 1934 to 1944 and is north of the Nevoria Gold Mine (+600,000 ounces of gold), east of the circa 2.4million ounce Marvel Loch Gold Mine.
Kula Managing Director Ric Dawson commented.
“With our RC Drilling program currently taking place at Mt Palmer, it was an opportunity to dive a little deeper into the lease with our supporters from Euroz Hartleys, and see the Stark Drilling and Kula teams in action on the ground – only 15km from the infrastructure at Marvel Loch.”
News Release
Date: 24 July 2024 | ASX Code: KGD
About the Company
Kula Gold Limited (ASX: KGD) is a Western Australian mineral exploration company with expertise in the discovery of new mineral deposits in WA. The strategy is via large land positions and structural geological settings capable of hosting ~+1m oz Gold or equivalent sized deposits including Lithium.
The Company is advancing projects within the WA goldfields at the Mt Palmer Gold Project at Marvel Loch Southern Cross, the South West region of WA for Lithium and Gold at Kirup and Brunswick – near the world class Greenbushes Lithium Mine, as well Lithium at the Taliah-Nadia-Sasha Prospects at Southern Cross, and Gold and PGE at Westonia (adjacent to the producing Edna May Gold Mine – owned by ASX:RMS).
Kula discovered the large 93.3mt Boomerang Kaolin deposit near Southern Cross WA – Maiden resource announced 20 July 2022. This project is in the economic study phase and moving to PE funding or trade JV.
The Company has a history of large resource discoveries with its foundation being the Woodlark Island Gold project in PNG, (+1m oz Gold) which was subsequently joint ventured and sold to (ASX: GPR).
Contact the Company Secretary for more information – +61(08) 6144 0592 or cosec@kulagold.com.au
