Kula Gold Limited (AU:KGD) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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.