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Golden Mile Resources Ltd.
Summary
| Project: | Quicksilver | |
|---|---|---|
| Deposit: | Quicksilver | |
| Location: | Australia | |
| Commodities: | Cobalt-Scandium-Nickel | |
| Date: | 11/30/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-11-2017: Golden Mile Resources Ltd. announces an Exploration/Drilling Update report for its Quicksilver deposit at the Quicksilver project. Clarified report including a cross section of the reported RC drilling. Golden Mile Resources (ASX: G88) (“Golde | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Timothy Putt (Internal) | |
| ABSTRACT: | Golden Mile Resources (ASX: G88) (“Golden Mile” or “Company”) is pleased to announce that it continues to receive outstanding nickel & cobalt results from its drilling program over the Quicksilver Nickel-Cobalt-Scandium project in the South-West Mineral Field of Western Australia. RC drilling, on 200 x 50 metre centres, has begun to delineate the nickel and cobalt mineralisation at Quicksilver. The mineralised system extends over a broad area, covering more than 1,500 metres of strike, including lateral widths in excess of 400 metres, and mineralised down hole intercepts of up to 56 metres (Appendix 1). Preliminary analysis of the drilling data indicates that the nickel and cobalt mineralisation at Quicksilver remains open along strike, to both the north and south, and at depth. The mineralisation shows good lateral continuity and extends DEEPER than was previously thought. The Quicksilver nickel-cobalt-scandium project is located in the South-West Mineral Field of Western Australia (Figure 1). The project is composed of one granted Exploration Licence (E 70/4641 – 100% Golden Mile) covering 15 km of prospective stratigraphy. Western Australia is home to a significant number of world-class nickel deposits (Figure 3) including the sulphide deposits of the Kambalda Dome and lateritic deposits at Murrin Murrin, both in the Eastern Goldfields. | |
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