Kula Gold discovers new gold system at Mustang prospect

Grafa02-13

Kula Gold (ASX:KGD) has reported a gold intercept at their Mustang Gold prospect near Kirup, Western Australia.

The maiden reverse circulation drill program revealed an intercept of 2m at 2.3g/t gold starting from 34m below the surface.

The project, situated approximately 110km southwest of the Boddington Gold Mine, has received support from the Western Australian Government's Exploration Incentive Scheme.

The scheme is set to part-fund future drilling stages, further bolstering the project's potential.

"We are pleased to have discovered a completely new gold system from grassroots exploration with field mapping, and UFF soil sampling," remarked Ric Dawson, Managing Director of Kula Gold.

He further highlighted the significance of such findings in understanding the scale of the system both along the strike and depth.

Kula Gold holds a 100% stake in one of the key exploration licenses, with another held at 70%.

The lone reverse circulation drill hole at Mustang aligns with an 800-metre soil anomaly, marking a substantial addition to Kula's portfolio.

In light of the results, Kula Gold has initiated plans for further soil geochemistry, drone magnetics, and additional drilling activities.

Upcoming updates are anticipated as the project advances to its next exploration phase.

At the time of reporting, Kula Gold's share price was $0.0050.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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