Australia's Kula Gold gains as co finds white kaolin clays at its WA project

Kula Gold

17/12/2021 02:45

** Shares of the gold explorer  KGD.AX  rise as much as 7.3%
to A$0.044, post their sharpest single-day pct jump since Nov 30
    ** Kula Gold says a drill rig has been set up to recommence
reverse circulation drilling programme at co's fully owned
Boomerang Prospect at Marvel Loch-Airfield gold project located
at Southern Cross, Western Australia   urn:newsml:reuters.com:*:nASX97KyX1
    ** Says logging to date shows an average vertical thickness
of 30 meters of white kaolin clays, a mineral used to make
porcelain products, intersected from around the site 
    ** Adds that drilling is expected to finish on Dec 21       
   
    ** Shares hit their highest level since Dec 8 
    ** Stock down 2.4% so far this year, as of last close

 (Reporting by Roushni Nair in Bangalore)
 ((Roushni.Nair@thomsonreuters.com))