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Golden Mile Resources Ltd.
Summary
| Project: | Leonora East | |
|---|---|---|
| Deposit: | Monarch | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/24/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-1-2020: Golden Mile Resources Ltd. announces an Exploration/Drilling Update report for its Monarch deposit at the Leonora East project. Drilling results incl. 1m @ 76.4g/t Au from 37m. 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 a further aircore (‘AC’) drilling program on the Monarch Gold Trend (‘MGT’) at its Leonora East Gold Project located in the North-Eastern Goldfields of WA (Figure 1). The AC drilling program was designed to infill known mineralisation at the historical Wildcat Prospect. Results of the drilling indicate that the structure at Wildcat contains high grade gold mineralisation at shallow depths that has continuity over at least 150 metres of strike length. The mineralised structure is open along strike and at depth. The Wildcat Prospect is located within the northern Monarch Gold Trend (‘MGT’), approximately 40 km to the northeast of Leonora (Figure 1). The MGT covers the eastern contact of the Mertondale Shear Zone with the basement granites and represents a poorly tested but extensive gold bearing structure extending over more than 16 km of strike | |
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