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Golden Mile Resources Ltd.
Summary
| Project: | Leonora East | |
|---|---|---|
| Deposit: | Monarch | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-11-2019: Golden Mile Resources Ltd. announces an Exploration/Drilling Update report for its Monarch deposit at the Leonora East project. Drilling results incl. 4m @ 3.79g/t Au from 8m. Golden Mile Resources (ASX: G88, “Golden Mile” or ”the Company”) is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Lachlan Reynolds (Internal) | |
| ABSTRACT: | Golden Mile Resources (ASX: G88, “Golden Mile” or ”the Company”) is pleased to advise that it has completed an aircore (AC) drilling program on gold exploration targets on the prospective Monarch Gold Trend (“MGT”) on the Leonora East Project in the North-Eastern Goldfields of WA (Figure 1). Previous auger sampling by Golden Mile on the MGT has outlined coherent gold anomalism stretching over approximately 11 kilometres of strike. A program of AC drilling was undertaken as a first-pass test of two gold anomalies along the trend. A total of 72 AC holes were completed, for a total of 2,900 metres drilling. Numerous zones of gold mineralisation have been intersected and follow up drilling is being prepared. Regarding the results of the AC drilling program, Managing Director, Lachlan Reynolds stated: “We are highly encouraged by this first round of aircore drilling on targets along the MGT. The results of the drilling indicate that significant gold mineralisation occurs in both of the prospect areas and that surface geochemical methods used by the Company have been effective as a targeting tool. | |
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