Nanocap Kula Gold wins partial WA state gov’t funding for gold drill run

The Market Herald10-24

Kula Gold (ASX:KGD) has announced its successful application for funding assistance from the WA government for gold exploration. Drilling in question will take place at the company’s Kirup Project, ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNanocap Kula Gold wins partial WA state gov’t funding for gold drill run\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-24 08:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketonline.com.au/nanocap-kula-gold-wins-partial-wa-state-govt-funding-for-gold-drill-run-2024-10-24/><strong>The Market Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Kula Gold (ASX:KGD) has announced its successful application for funding assistance from the WA government for gold exploration. \nDrilling in question will take place at the company’s Kirup Project, ...</p>\n\n<a href=\"https://themarketonline.com.au/nanocap-kula-gold-wins-partial-wa-state-govt-funding-for-gold-drill-run-2024-10-24/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NEM.AU","symbol_name":"Newmont Corp","start_time":0,"source_url":"https://themarketonline.com.au/nanocap-kula-gold-wins-partial-wa-state-govt-funding-for-gold-drill-run-2024-10-24/","article_id":"2477515183","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477515183","pubTimestamp":1729728900,"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"Kula Gold  has announced its successful application for funding assistance from the WA government for gold exploration.Drilling in question will take place at the company’s Kirup Project, located near WA town Donnybrook, which Kula noted on Thursday lies 100km southwest of the Boddington Gold Mine, headed by mulitnat Newmont .With RC drilling to kick off in early December, the WA government – under its Exploration Incentive Scheme  – will provide 50% funding of direct drilling and mobilisation costs up to $180K.Emboldened by rock chips grading at 3.5g/t gold, the company is sniffing around an 0.8km long target identified by an analysis of geochem data. Early stage analysis has left Kula’s geotechs hopeful the company could boast mineralisation in a similar geological context to that found at the successful Boddington Mine.Given that project is located 110km away, further data will need to be collected to prove that thesis – but clearly, WA government geotechs see that being plausible.J","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"NEM.AU":"Newmont Corp","EIS":"iShares MSCI Israel ETF","BK7104":"黄金","KGD.AU":"Kula"},"translate_title":"Nanocap Kula Gold赢得西澳大利亚州政府黄金钻探的部分资金","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EIS":1,"KGD.AU":1,"NEM.AU":1},"content_text":"Kula Gold (ASX:KGD) has announced its successful application for funding assistance from the WA government for gold exploration. \nDrilling in question will take place at the company’s Kirup Project, located near WA town Donnybrook, which Kula noted on Thursday lies 100km southwest of the Boddington Gold Mine, headed by mulitnat Newmont (ASX:NEM). \nWith RC drilling to kick off in early December, the WA government – under its Exploration Incentive Scheme (EIS) – will provide 50% funding of direct drilling and mobilisation costs up to $180K.\nEmboldened by rock chips grading at 3.5g/t gold, the company is sniffing around an 0.8km long target identified by an analysis of geochem data. Early stage analysis has left Kula’s geotechs hopeful the company could boast mineralisation in a similar geological context to that found at the successful Boddington Mine. \nGiven that project is located 110km away, further data will need to be collected to prove that thesis – but clearly, WA government geotechs see that being plausible. \n“A first pass reconnaissance drilling programme will provide the answers,” Kula wrote on Thursday. The 3.5g/t rockchip Kula’s geotechs found was coincident with quartz – a promising enough sign.\n“The model is for either an epithermal model or similar to the Donnybrook Gold Mine or a hydrothermal model similar to the Boddington Gold Mine,” company chief Ric Dawson said. \n“This is Kula’s first successful EIS application and was fully developed by the in-house technical team.\n“The Cammilleri Gold Mine to the north on a similar structure produced 236 ounces from 51 tons at a grade of 130gm/t, which supports drilling this prospect.” \nKGD last traded at 0.7cps. \nJoin the discussion: See what HotCopper users are saying about Kula Gold and be part of the conversations that move the markets.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477515183"}