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Golden Mile Resources Ltd.
Summary
| Project: | Quicksilver | |
|---|---|---|
| Deposit: | Garard | |
| Location: | Australia | |
| Commodities: | Cobalt-Scandium-Nickel | |
| Date: | 8/30/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-8-2017: Golden Mile Resources Ltd. announces an Exploration/Drilling Update report for its Garard deposit at the Quicksilver project. Drilling results incl. 55m @ 63g/t Scandium from 0m. Golden Mile Resources (ASX: G88) (“Golden Mile” or “Company”) is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Timothy Putt (Internal) | |
| ABSTRACT: | Golden Mile Resources (ASX: G88) (“Golden Mile” or “Company”) is pleased to announce that the Company has completed its ‘maiden’ aircore drilling program over the Garard prospect (Figure 2) in the southern Quicksilver Nickel-Cobalt-Scandium project area. Wide spaced aircore drilling has been completed on 400 x 100 metre centres, on north-south drill lines, across more than 1,500 metres of strike, in order to test the depth and continuity of mineralisation throughout the Garard prospect. Drilling has returned wide intercepts of nickel, cobalt and scandium mineralisation across the target area, with Reverse Circulation (‘RC’) drilling now scheduled to commence in September to infill on the aircore drilling and test several key target areas at depth. This infill drilling will also test the proposed ‘Exploration Target’ for the Garard prospect and should allow the estimation of a JORC resource for the prospect prior to the close of 2017. The Quicksilver nickel-cobalt-scandium project is located in the South-West Mineral Field of Western Australia. The project is composed of one granted Exploration Licence (E 70/4641 – 100% Golden Mile) covering 15 km of prospective stratigraphy. Previous exploration has highlighted an extensive nickel-cobalt surface anomaly over the Garard prospect (Figure 2), which covers over 2,400 metres of strike, located in the southern portion of the Quicksilver project. The Garard prospect area has now been systematically drill tested for the first time, with aircore drilling undertaken on 400 x 100 metre centres to blade refusal* – hole depths varied however, on average, drilling returning wide intercepts of nickel, cobalt and scandium mineralisation. | |
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