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Golden Mile Resources Ltd.
Summary
| Project: | Quicksilver | |
|---|---|---|
| Deposit: | Quicksilver | |
| Location: | Australia | |
| Commodities: | Cobalt-Scandium-Nickel | |
| Date: | 10/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-10-2018: Golden Mile Resources Ltd. announces an Exploration/Drilling Update report for its Quicksilver deposit at the Quicksilver project. Drilling results incl. 36.6m @ 1.01% Ni from 49.4m. Golden Mile Resources Ltd (ASX:G88, the Company) is pleased | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Lachlan Reynolds (Internal) | |
| ABSTRACT: | Golden Mile Resources Ltd (ASX:G88, the Company) is pleased to provide an update on the results of recent diamond drilling at the Quicksilver Nickel-Cobalt Project located in the SW Mineral Field of Western Australia. The drilling was designed to assist the current exploration and development program by providing valuable technical data relating to both the known laterite mineralisation and testing potential sulphide targets. Three shallow, vertical diamond drill holes (QDD0001-3) were successfully completed at Garard’s prospect (Figure 1) for a total of 247.9m of core drilling. All three holes were twins of existing RC percussion drill holes and were principally designed to obtain representative core samples through the nickel-cobalt mineralisation so that an accurate measurement of the rock density could be obtained for the forthcoming resource estimation for the deposit (see below). These are the first diamond drill holes into the deposit and they provide a valuable insight into the nature of the weathering profile and its relationship to the nickel and cobalt mineralisation, which will assist the resource estimation as well as the metallurgical study. Details of the completed diamond drill holes are provided in Table 1. Significant mineralised intersections from the Garard’s prospect area are shown in Table 2. | |
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