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Golden Mile Resources Ltd.
Summary
| Project: | Quicksilver | |
|---|---|---|
| Deposit: | Quicksilver | |
| Location: | Australia | |
| Commodities: | Cobalt-Scandium-Nickel | |
| Date: | 12/5/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-12-2017: Golden Mile Resources Ltd. announces an Exploration/Drilling Update report for its Quicksilver deposit at the Quicksilver project. Drilling results incl. 24m @ 1.27% Ni, 0.05% Co from 24m. Golden Mile Resources (ASX: G88) (“Golden Mile” or “Com | |
| 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, shows that the nickel-cobalt mineralisation at Quicksilver now extends over 3,000 metres of strike, and continues to return thick down hole mineralised intercepts of up to 56 metres thick (Appendix 1). Initial geophysical analysis of the target lithologies indicates that the Quicksilver ultramafic remains open along strike, to both the north and south, and at depth. The mineralisation shows excellent lateral continuity and extends DEEPER than anticipated. In addition, preliminary modelling of the drill hole data indicates the presence of a higher-grade zone (>1% nickel) of mineralisation on the western contact of the system (Figure 4). This highergrade zone can be seen on the section (Figure 5) and may also be representative of a deeper source to the mineralisation. This zone of mineralisation has only been partially tested by the RC drilling program and represents a priority target for follow up drilling. | |
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