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Golden Mile Resources Ltd.
Summary
| Project: | Quicksilver | |
|---|---|---|
| Deposit: | Quicksilver | |
| Location: | Australia | |
| Commodities: | Cobalt-Scandium-Nickel | |
| Date: | 1/25/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-1-2018: Golden Mile Resources Ltd. announces an Exploration/Drilling Update report for its Quicksilver deposit at the Quicksilver project. Drilling results incl. 10m @ 2.1% Ni, 0.1% Co from 55m. Golden Mile Resources (ASX: G88) (“Golden Mile” or “Compa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Timothy Putt (Internal) | |
| ABSTRACT: | Golden Mile Resources (ASX: G88) (“Golden Mile” or “Company”) is pleased to announce that resampling of the RC drilling program over the Quicksilver Nickel-Cobalt-Scandium project in the South-West Mineral Field of Western Australia continues to yield excellent nickel & cobalt results. An extensive program of RC drilling (Figure 4) was completed over the southern Quicksilver project area in late 2017. A total of 66 RC holes (QRC0027-0092), for 4,800 metres of drilling, were completed over a 200 x 50 metre grid across the prospect area, with more than 4,200 metres of drilling having now been resampled. In addition, the first phase of the geophysical program at Quicksilver (a program of Moving Loop Electromagnetics – MLEM) was recently completed, targeting the southern tenement area. The resampling of the RC drilling program was completed in mid-December. Anomalous composite samples (>1,000 ppm nickel and/or 100 ppm Cobalt) were resampled using one metre splits. It is worth noting that of the more than 4,800 metres of RC drilled, over 4,200 metres were resampled, representing over 87% of the total meterage. The resampling shows the highly anomalous nature of the host ultramafic unit at Quicksilver. The high volume of samples resulted in the assay program at being divided up into four batches, with the results from the Batches one and two having now been reported to the Company. These batches cover drill holes QRC0027-0041. The resampling has confirmed, and in many cases extended, the recognised nickel and cobalt mineralisation with the profile at Quicksilver. | |
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