Join our daily newsletter At The Bell to receive exclusive market insights
- Golden Mile Resources (G88) has completed the second phase of aircore drilling on the Benalla Gold Trend (BGT) at its Leonora East Gold Project in WA
- A total of 99 aircore holes were drilled for nearly 3500-metres across two targets
- One of the targets was the largest anomaly identified from a previous geochemical auger sampling program and the other was only partially tested
- Drilling identified multiple intersections of quartz veining, disseminated and matrix pyrite, and other sulphide minerals
- However full assay results are expected to be received in December
- Company shares are up 5.17 per cent and are trading for 6.1 cents
Golden Mile Resources (G88) has completed the second phase of aircore drilling on the Benalla Gold Trend (BGT) at its Leonora East Gold Project in WA.
A total of 99 aircore holes were drilled, for around 3490 metres, with 88 holes drilled at target BGT1 and a further 11 holes drilled at target BGT3.
Phase two drilling focused on two priority targets. BGT1 was the largest anomaly identified from geochemical auger sampling work which returned results up to 387 parts per billion gold along a one-kilometre strike. BGT3 was partially drilled in the first phase with a total of 12 holes.
Both of the targets lie along strike of a potential extension of Kin Mining’s emerging East Lynne trend.
Phase one was completed in September and tested three of the four targets which were identified from geochemical auger sampling. A total of 60 holes were drilled across BGT2 and BGT4 and results highlighted multiple significant gold intersections that define a 900-metre-long mineralised trend.
The second phase identified numerous intersections of quartz veining along with
disseminated and matrix pyrite, and other sulphide minerals.
The samples are currently being sent to a lab for assaying and results are expected in December.
Company shares are up 5.17 per cent and are trading for 6.1 cents at 12:12 pm AEDT.
