Additional Gold Reserves

Current Activities As a result of gold price fluctuations since the 2012 feasibility study, and subsequent post feasibility study analysis, the board of Kula has determined that: (a) additional gold reserves in the order of 300,000 – 500,000 ozs will increase the project’s financial robustness, potentially even in a lower gold price environment; and (b) there are a number of resource extension opportunities recently identified within the company’s tenement holding, and mostly within the mining lease. These opportunities are within trucking distance to the proposed plant, and may host significant additional gold resources. The funds raised will [...]