Kula Gold Limited (AU:KGD) has released an update.
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Kula Gold Limited has secured funding from Western Australia’s Exploration Incentive Scheme (EIS) for its Mustang Gold Prospect, which features promising geochemical indicators and rock chips showing up to 3.5g/t gold. The support covers 50% of drilling costs, up to $180,000, and a reconnaissance drilling program is set to commence in December 2024. This development adds value to Kula’s Mt Palmer Gold Project and highlights the potential of the Kirup Project near Donnybrook.
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