Golden Mile Resources (ASX:G88) - Chairman, Rhod Grivas
Chairman, Rhod Grivas
Source: ResourceStocks
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Golden Mile Resources (G88) has provided updates regarding ongoing drilling activities at its Darlot and Leonora East projects
  • A 1000 metre aircore (AC) drilling program commenced yesterday at its Darlot project with 40 holes planned to test two gold-in-soil anomalies
  • Once work has wrapped up at Darlot, the rig will move to the Leonora East Project to begin AC drilling at the Benalla Gold Trend
  • The aim of this work will be to complete priority testing of the BGT 1 and BGT 3 targets
  • Golden Mile is down 6.85 per cent and shares are currently trading for 6.8 cents each

Golden Mile Resources (G88) has provided updates regarding ongoing drilling activities at its Darlot and Leonora East projects.

The Darlot

The Darlot Gold Project lies roughly 110 kilometres north of Leonora in Western Australia and consists of a single exploration tenement.

Golden Mile has already completed a ground magnetic survey and soil sampling across the central target area.

Additionally, information was collected about gold-in-soil anomalies to help plan an aircore (AC) drilling program.

A 1000 metre aircore drilling program started yesterday with 30 holes planned for the largest soil anomaly, and a further 10 holes planned for a second one.

The data collected across the main anomaly showed it to be associated with historic workings and close to a granite-mafic contact.

The Leonora East

Once work has wrapped up at Darlot, the rig will move to the Leonora East Project to begin AC drilling at the Benalla Gold Trend.

The aim of this work will be to complete priority testing of the BGT 1 and BGT 3 targets.

BGT 1 was the largest anomaly identified, returning up to 387ppb (parts per billion) gold.

Additionally, BGT 3 was partially drilled in first phase work with this upcoming drilling aiming to complete it.

Results will be announced in due course.

Golden Mile is down 6.85 per cent and shares are trading for 6.8 cents each at 12:54 pm AEDT.

g88 by the numbers
More From The Market Online

MAX Power Mining: Could Natural Hydrogen Help Power the Next Generation of AI?

As artificial intelligence drives demand for computing power, MAX Power Mining Corp.
The Market Online Video

Haranga’s New MD & CEO on Unlocking Value at the Lincoln Gold Project

Haranga Resources (ASX: HAR) has appointed Patrick Mootz as its new Managing Director and CEO, bringing extensive mining development and operational experience
The Market Online Video

iTech Minerals: New Gold Shoot adds to Sabre prospect potential

iTech Minerals (ASX: ITM) is finding more gold and antimony at depth at its Sabre project in the Northern Territory, with drilling
The Market Online Video

Kaoko Metals: First Chalkos drilling confirms shallow copper-silver mineralisation

Kaoko Metals (ASX: KAO) Managing Director Gerard O’Donovan joins The Watchlist to discuss the first assay results from the company’s maiden drilling