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Golden Mile Resources Ltd.
Summary
| Project: | Quicksilver | |
|---|---|---|
| Deposit: | Quicksilver | |
| Location: | Australia | |
| Commodities: | Cobalt-Scandium-Nickel | |
| Date: | 8/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-8-2018: Golden Mile Resources Ltd. announces an Exploration/Drilling Update report for its Quicksilver deposit at the Quicksilver project. Drilling results incl. 45.0m @ 0.71% Ni, 0.04% Co from 15m. Golden Mile Resources (ASX: G88) (“Golden Mile” or “th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Timothy Putt (Internal) | |
| ABSTRACT: | Golden Mile Resources (ASX: G88) (“Golden Mile” or “the Company”) is pleased to announce that it continues to receive excellent results from the exploration program over the Quicksilver Nickel project, with a recently completed Moving Loop Electromagnetic (‘MLEM’) survey delineating an additional THREE ‘Category One’ targets, with shallow RC drilling also continuing to return wide intercepts of nickel mineralisation. In late July 2018 the Company and geophysical consultants, Newexco, designed and initiated a program of extensional MLEM, to test the balance of the tenement area to the north of the Wyatt’s ‘Category One’ EM anomaly, following the success of earlier geophysical surveys. The survey covered the remaining ultramafic stratigraphy at Quicksilver, north of the Wyatt’s target, which included over 8 kilometres of strike (Figure 1). The survey was conducted utilising 400 metre line spacing with 100 metre stations along those lines. ‘Category One’ anomalies were further defined utilising detailed Fixed Loop EM (“FLEM’) with 100 metre line spacing. Preliminary modelling of the MLEM/ FLEM survey has delineated a further THREE CATEGORY ONE targets (Anomalies Five-Seven), the most prominent being approximately three kilometres north of Wyatt’s (Figure 2). In addition, ongoing modelling indicates the presence of a number of Category Two targets within the stratigraphy that have yet to be properly defined. Analysis of the recent drilling at Wyatt’s shows that the Category One target at this location was not properly tested by the RC program and that further drilling is required. The surface EM surveys have now delineated targets along a total of ~15 kilometres of strike. | |
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