Kula Gold Limited has released its latest drilling results from the Mt Palmer Gold Mine, demonstrating significant high‐grade gold intercepts across several drill holes. The announcement details Stage 2 reverse circulation drilling outcomes on 1‐metre split samples, with some intervals returning up to an ounce per tonne of gold. Notable intercepts include 3 metres at 29.7g/t gold, 3 metres at 35.9g/t (with one metre peaking at 83.6g/t gold), 2 metres at 18.1g/t, 2 metres at 7.8g/t, and an 18-metre composite that averaged 1.9g/t gold with a 7-metre section at 9.4g/t gold. These figures build on earlier successful drilling campaigns that reported intercepts such as 18 metres at 4.4g/t gold and 7 metres at 7.7g/t gold, underlining the potential for additional high-grade mineralisation. The company’s exploration program at the 80% owned Mt Palmer project, in joint venture with Aurumin Limited, is focusing on delineating multiple lode targets. In the New Lode area, drilling has intersected a shallow plunging fold closure beneath historic workings, with higher-grade mineralisation similar to other lodes at the mine. Meanwhile, further drilling in the West Lode and the recently named Busey Shoot has uncovered promising new gold-bearing zones. These drill holes target both mineralised structures adjacent to pegmatite contacts and extensions of known ore zones, which may prove pivotal as the exploration effort evolves. In addition to conventional fire assay methods, the company is pioneering Photon Assay technology at Mt Palmer. This method, utilizing high-energy X-rays to measure gold in larger sample sizes, offers faster and more accurate results while reducing the risk of under-reporting coarse or nuggety gold. This innovation is seen as a game changer, potentially increasing the accuracy of gold grade estimations and supporting the project’s advancement towards a low-cost open pit extraction scenario. Structural interpretations by expert consultants have revealed that gold mineralisation at Mt Palmer is controlled by complex shear-fold structures, boudinaged quartz reefs, and associated lineations. With mineralisation occurring along variable plunge orientations, the recent drilling campaign has provided critical data that could facilitate predictive modelling. The next phase will involve diamond drilling, or twinning, to refine the structural framework and target high-grade intercepts more precisely. Bullish vs Bearish Sentiment: Optimists may view the high-grade intercepts and the introduction of advanced assay technology as key drivers for enhancing shareholder value. The robust technical indicators, including multiple 1-metre assays exceeding 30g/t gold and intercepts demonstrating near-ounce-per-tonne grades, support the potential for a significant, low-cost open pit operation. Furthermore, the strategic focus on both historical and new targets offers the prospect of resource expansion as drilling continues. Conversely, skeptics might point out that the exploration remains in its early stages, with several drill holes not returning significant results and the true widths of intercepts yet to be confirmed by further drilling. The structural complexity of the deposit also adds uncertainty regarding the continuity of high-grade zones. As the next phase of diamond drilling commences, clarity on these issues will be critical to substantiate the project’s long-term economic potential. Overall, the announcement from Kula Gold Limited provides encouraging technical results and strategic insights that are likely to influence market sentiment, while also underscoring the inherent risks in early-stage mineral exploration.