Kula Gold Uncovers 3km Gold Trend at Mt Palmer with High-Grade Drilling Hits

Expanding Gold Horizons at Mt Palmer

Kula Gold Limited has reported encouraging results from its recent reverse circulation (RC) drilling program at the Mt Palmer Gold Project in Western Australia’s Southern Cross Goldfields. The company’s track mounted RC rig has delineated a mineralised trend extending over 3 kilometres, stretching from the historic El Dorado prospect through to Bryant. This expanding strike length signals a potentially significant gold system that has been underexplored since the mid-20th century.

Drilling Highlights and Geological Context

Among the standout results is hole 25MPRC0054, which returned an 8-metre intercept grading 2.76 grams per tonne (g/t) gold, including a high-grade 1-metre section at 16.95 g/t gold. Other notable intercepts include multiple intervals exceeding 1 g/t gold, reinforcing the prospectivity of the area. The mineralisation is associated with a jaspilitic banded iron formation (BIF) and quartz reefs, consistent with the magnetic trends identified in prior surveys. This geological setting is known to host significant gold deposits, lending further credibility to the exploration upside.

Ongoing and Future Exploration Efforts

In addition to the RC drilling, Kula Gold has completed diamond core drilling, with assays currently pending. These results are eagerly anticipated as they will provide critical structural and grade information to refine the geological model. Concurrently, a larger diameter RC drilling program has commenced, targeting deeper mineralisation down to 154 metres. The company plans to escalate drilling intensity next year as part of a resource drill-out phase, aiming to define a JORC-compliant resource.

Strategic Implications and Historical Context

The Mt Palmer Gold Project has a storied history, with high-grade gold production dating back to 1939-44 but limited systematic exploration since. Kula Gold’s acquisition in 2024 has revitalised interest, leveraging modern exploration techniques to unlock value. The current drilling results not only extend the known mineralised footprint but also suggest the presence of multiple mineralised zones along a structurally complex corridor. This bodes well for the company’s ambitions to build a substantial resource base in a historically productive gold district.

Looking Ahead

With assay results from diamond drilling pending and ongoing RC programs progressing, Kula Gold is poised to provide further updates that could materially enhance the project’s valuation. The integration of structural analysis and geophysical data will be key to targeting future drill holes and advancing towards resource definition. Investors and analysts will be watching closely as the company moves from exploration success towards potential resource delineation.