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- Golden Mile Resources (G88) has updated the market on the current drilling program underway at the Benalla Gold Trend in WA
- Drilling began in February with initial aircore drilling to test extensions of high-grade mineralisation where up to 3.15g/t gold was intersected
- Up to 3000 metres of drilling will be undertaken with work set to take between two to three weeks to complete and first results expected in March
- Once Golden Mile finished aircore drilling, a reverse circulation drilling program will begin to test targets defined by the aircore drilling
- Golden Mile has ended the day 6.12 per cent in the green with shares trading at 5.2 cents
Golden Mile Resources (G88) has updated the market on the current drilling program underway at the Benalla Gold Trend.
Benalla is part of the Leonora Gold Project which lies in the North Eastern Goldfields of Western Australia, 230 kilometres north of Kalgoorlie.
Drilling began on February 16 with initial aircore drilling to test extensions of broad and shallow high-grade gold mineralisation at target BGT1-4 where a best result of four metres at 3.15g/t gold from 12 metres has been intersected.
Aircore drilling will also test new targets identified via a review of multi-element geochemistry and high-resolution geophysics.
Up to 3000 metres of drilling will be undertaken with work set to take between two to three weeks to complete and first results expected in March.
Once Golden Mile finished aircore drilling, a reverse circulation drilling program will begin to test targets defined by the aircore drilling.
“It’s great to have the team back in the field for this high impact drill program testing the mineralised system at Benalla,” Managing Director James Merrillees commented.
“We are excited to test the significant results from the company’s drilling at BGT1-4 and get out to high priority targets which the company has defined in the broader Benalla area,” he said.
“The results to date demonstrate the prospectivity of Benalla and its location immediately along strike from Kin Mining’s (KIN) Cardinia gold project gives us additional reason to believe it has the potential for a significant gold system,” he added.
Golden Mile has ended the day 6.12 per cent in the green with shares trading at 5.2 cents in a $6.027 million market cap.
