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Kula Gold Advances Mt Palmer Project with Promising Gold Grades

Story Highlights
  • Kula Gold and Aurumin Limited are progressing their Mt Palmer Gold Mine Project in a promising gold belt.
  • Channel sampling reveals high gold grades, prompting further exploration and potential low-cost extraction.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

The latest announcement is out from Aurumin Ltd. ( (AU:AUN) ).

Kula Gold Limited, in partnership with Aurumin Limited, is advancing its operations at the Mt Palmer Gold Mine Project, located in the Southern Cross Goldfields. The joint venture holds a 100% stake in a promising 10km gold belt, focusing on gold extraction and exploration. The company has reported promising results from channel sampling of old mine dumps, with grades reaching up to 17.9g/t gold and an average of 1.7g/t gold across 146 samples. These results suggest the potential for low-cost extraction and have prompted further detailed sampling and metallurgical testwork. With gold prices exceeding US$3,000 per ounce, Kula Gold is exploring early production options and plans to commence drilling on high-grade targets.

More about Aurumin Ltd.

YTD Price Performance: -5.71%

Average Trading Volume: 422,338

Technical Sentiment Consensus Rating: Sell

For a thorough assessment of AUN stock, go to TipRanks’ Stock Analysis page.

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