Kula Gold Limited has advanced its exploration program at the historic Mt Palmer Gold Mine with Stage 2 Reverse Circulation drilling yielding high-grade, one-metre split intervals. The drilling results have returned impressive assays, including a three-metre interval with 29.7 grams per tonne gold, and another three-metre section recording 35.9 grams per tonne gold which included a one-metre spike of 83.6 grams per tonne. These encouraging intercepts, among several others reported, echo earlier high-grade outcomes and underscore the potential to define a multi-million ounce deposit. The latest drill results, both at shallow intercepts averaging above one ounce per tonne, and across various targeted mineralised structures, have been achieved at an 80% owned Mt Palmer project held in a joint venture with Aurumin Limited. The company’s refined approach of extracting one-metre samples with a cut-off of 0.4 grams per tonne has delivered a detailed grade profile, suggesting the possibility of low-cost open pit extraction in the near future. In addition to the drilling intercepts from established zones, new high-grade targets such as the “New Lode,” “West Lode,” and the emerging “Busey Shoot” have been delineated, warranting aggressive follow-up exploration. Technical progress has been bolstered by the introduction of Photon Assay, a cutting-edge non-destructive technique that uses high-energy X-rays to measure gold content in up to 500 grams of sample per test. This method is considered a game changer as it reduces the risk of missing coarse or nuggety gold that may have been under reported by traditional fire assay methods, thereby potentially revealing additional value in the historic deposit. The company is now planning to commence Stage 2 diamond drilling to further elucidate the structural controls and validate the true widths of the mineralised zones. Preliminary structural interpretations point to a complex system, with high-grade shoots controlled by shear-folded and boudinaged quartz veins. This complexity not only informs current drilling targets but also sets the stage for potential significant resource expansion through detailed predictive modeling. Market sentiment appears mixed. On the bullish side, the combination of high-grade shallow intercepts, innovative assay methodology, and promising structural interpretations suggest that the Mt Palmer project could unlock substantial shareholder value. However, the early stage of exploration and reliance on further drilling to confirm true widths and long-term development potential injects some caution among market watchers. While the technical indicators are robust, the inherent risks associated with exploration—such as undeclared resource volumes and possible dilution of grades upon further development—temper expectations somewhat. Overall, Kula Gold Limited’s drilling results and strategic use of advanced assay technology provide an intriguing glimpse into the potential hidden beneath the historic Mt Palmer site, reinforcing the need for continued exploration and careful evaluation as development progresses.