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Golden Mile Resources Ltd.
Summary
| Project: | Quicksilver | |
|---|---|---|
| Deposit: | Quicksilver | |
| Location: | Australia | |
| Commodities: | Cobalt-Scandium-Nickel | |
| Date: | 11/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-11-2017: Golden Mile Resources Ltd. announces an Exploration/Drilling Update report for its Quicksilver deposit at the Quicksilver project. Drilling results incl. 13m @ 2% Ni, 0.1% Co from 37m. Golden Mile Resources (ASX: G88) (“Golden Mile” or “Company | |
| 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 return high-grade nickel & cobalt drill intercepts from its Quicksilver Nickel-CobaltScandium project in the South-West Mineral Field of Western Australia. Analysis of the drilling indicates that the mineralisation shows strong continuity over a broad area with the potential for an extensive mineralised system. The initial phase of drilling consisted of wide spaced aircore completed on 400 x 100 metre centres on north-south lines. A second phase of infill RC drilling was initiated in September, on 200 x 50 metre centres, to infill and extend the existing drill coverage – the RC program was completed in October 2017 with first results expected in the coming weeks 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. The discovery of the Quicksilver mineralisation is highly significant in that it represents the first significant nickel-cobalt in the South West Mineral Field. The South-West Mineral Field is home to a number of world-class mineral deposits (Figure 2) including: Golden Mile is now successfully exploring for nickel in this terrane. | |
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