Total
0
Shares
Golden Mile Resources (ASX:G88) completes drilling at Wildcat
Sourced: Shutterstock
  • Golden Mile Resources (G88) has completed a 21 hole reverse circulation (RC) drilling program at the Wildcat Prospect in WA
  • This program planned to test the depth and length of known gold mineralisation
  • Results from this program reached as high as 5.12 grammes per tonne gold
  • The company is now looking over these results and will continue to advance exploration on other key gold targets
  • Golden Mile has ended the day 8.33 per cent in the green with shares trading for 2.6 cents each

Golden Mile Resources (G88) has completed a 21 hole reverse circulation (RC) drilling program at the Wildcat Prospect.

This RC program was planned to test the depth and strike potential of known gold mineralisation and evaluate the continuity of the mineralisation along strike.

Results indicate that drilling intersected a number of mineralised zones beneath exploration drill holes and workings.

The latest drilling intersections from this program include two metres at 2.86g/t gold from 96 metres, including, one metre at 5.12g/t gold, and one metre at 2.42g/t gold from 84 metres.

The Wildcat Prospect is situated within Golden Mile's Leonora East Gold Project which is located in the Northeastern Goldfields of Western Australia.

While the Leonora Gold Project has been held by various small and medium exploration companies, limited exploration and meaningful drill testing has been completed.

In fact it was Golden Mile who completed the first systematic sampling program over the project.

This program identified extensive geochemical anomalies that preliminary drilling has shown to be associated with gold mineralised structures.

Golden Mile has already previously completed an aircore (AC) drilling program at Wildcat which formed part of a first-pass evaluation of a known mineralised structure.

Results from this AC drilling included one metre at 76.4g/t gold, six metres at 3.13g/t gold, and eight metres at 2.58g/t gold.

These results showed that the structure at Wildcat contains high grade gold mineralisation at shallow depths.

Golden Mile will now review these RC drill results prior to any follow-up drilling, and will also continue to advance exploration on other key gold targets on the project area.

Golden Mile has ended the day 8.33 per cent in the green with shares trading for 2.6 cents each in a $1.720 million market cap.


Subscribe


G88 by the numbers
More From The Market Herald
Elementos (ASX:ELT) - Chairman, Andy Greig - The Market Herald

" Elementos (ASX:ELT) CEO Chris Creagh steps down

Elementos (ELT) CEO Chris Creagh has stepped down from his position as part of a board restructure.
Centaurus Metals (ASX:CTM) confirms and extends high-grade nickel sulphide at Jaguar

" Centaurus Metals (ASX:CTM) completes Jaguar Project purchase

Centaurus Metals (CTM) has completed the purchase of the Jaguar nickel sulphide project in Brazil.
Ora Banda Mining (ASX:OBM) - Managing Director, David Quinlivan - The Market Herald

" Ora Banda Mining (ASX:OBM) receives first results from Riverina South

Ora Banda Mining (OBM) has received the first results from its initial drilling program at the Riverina South deposit.
Meteoric Resources (ASX:MEI) - Managing Director, Dr Andrew Tunks - The Market Herald

" Meteoric Resources (ASX:MEI) plans for Juruena 2020 drilling

Gold miner Meteoric Resources (MEI) has released its activities report for the March 2020 quarter.