Join our daily newsletter At The Bell to receive exclusive market insights
- Kula Gold (KGD) resumes reverse circulation (RC) drilling at its Boomerang Kaolin prospect in Western Australia after work on the site was temporarily paused
- Activity at Kula’s wholly-owned site has been on pause since the start of December when mechanical issues with the rig put the project on a temporary hold
- According to the company’s announcement, it plans on reconvening the drilling for a few days before breaking on December 21 for the Christmas break
- Kula now estimates an additional 37 holes to test north and south of the already completed area, along the kaolinized horizon and as part of an infill series
- Kula Gold shares have ended the day up 9.76 per cent at 4.5 cents a share
Kula Gold (KGD) has resumed reverse circulation (RC) drilling at its Boomerang Kaolin prospect in Western Australia’s Southern Cross-region after work on the site was temporarily paused.
Activity at Kula’s wholly-owned site has been on pause since the start of December when mechanical issues with the rig put the project on a temporary hold.
According to the company’s announcement, it plans on reconvening the drilling for a few days before breaking on December 21 for the Christmas break.
At the time the project was paused, the company had completed 25 RC drill holes to a total depth of 1316 metres.
Upon the return of the RC rig, Kula had estimated an additional 37 holes designed to test north and south of the already completed area, along the kaolinized horizon and as part of an infill series.
Previous results from the RC series approximated a vertical thickness of 30 metres of white kaolin clays from around 6.5 metres subsurface depth.
Kula Gold shares ended the day up 9.76 per cent at 4.5 cents a share.
