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KGD — Kula Gold News Story

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Basic MaterialsHighly SpeculativeMicro Cap

Australia's Kula Gold surges on high-grade gold find at Western Australia

** Shares of Kula Gold Limited KGD.AX rise as much as 28.6% to A$0.009, their biggest intraday gain since June 23

** Stock hits its highest level since June 23

** Mineral explorer says drilling at Mt Palmer gold mine in Western Australia's Southern Cross Goldfields returns high-grade gold assay results

** About 15.6 million shares change hands, more than 3.1x the 30-day avg

** YTD, stock up ~59%, including the day's move

(Reporting by Ananya Verma in Bengaluru)

((ananya.verma@thomsonreuters.com;))

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