In an exciting development for Australia's gold exploration sector, Kula Gold Limited has unleashed its most impressive drilling results to date from the Southern Cross project in Western Australia's prolific goldfields.
Record-Breaking Gold Intercepts
The company's latest assay data reveals spectacular high-grade gold mineralisation, with the standout result showing 5.5 grams per tonne gold over 11 metres from just 48 metres depth. This exceptional intercept forms part of a broader mineralised zone measuring 26 metres at 2.8 grams per tonne gold.
Expanding the Gold Story
Kula's drilling program continues to demonstrate the significant potential of the Southern Cross area, with multiple high-grade intersections reported across different targets. Additional impressive results include:
- 4 metres at 4.7 grams per tonne gold from 36 metres depth
- 4 metres at 3.8 grams per tonne gold from 48 metres depth
- Consistent mineralisation across multiple drill holes
Strategic Location in Gold-Rich Terrain
The Southern Cross project benefits from its position within Western Australia's established gold mining region, surrounded by existing infrastructure and mining operations. This strategic location enhances the economic potential of any future development while reducing operational risks.
Market Impact and Future Plans
These outstanding results have generated significant interest among investors and industry observers, positioning Kula Gold as one of the most promising junior explorers in the Australian mining landscape. The company has indicated that follow-up drilling programs are being planned to further define the extent of these high-grade gold zones.
With gold prices remaining strong and investor appetite for quality Australian gold projects growing, Kula's latest discoveries could not have come at a better time for the company and its shareholders.
