Kula Gold (ASX:KGD) has now met its expenditure requirement to earn 80% and has taken a major position at Aurumin's (ASX:AUN) Mt Palmer gold mine in Western Australia, according to a Wednesday Australian bourse filing.
The second drill campaign at the mine yielded 12 meters at 3.4 grams per tonne of gold from 24 meters, the filing said.
Aurumin's shares fell 2% and Kula Gold's shares jumped 40% in recent Wednesday trade.
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