Kula Gold Limited (AU:KGD) has released an update.
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Kula Gold Limited announces an exploration update on their Mt Palmer Gold Mine, revealing historical high-grade gold intersections and the identification of a significant magnetic structure, suggesting potential for further discoveries. The company is preparing for a new drilling program at the site, which is strategically positioned near existing gold processing facilities to expedite any potential development. Despite past explorations overlooking the primary source of the gold, Kula Gold is optimistic about the mine’s prospects, historically known for producing over 150,000 ounces of gold.
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