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- Golden Mile Resources (G88) begins an eight hole diamond drill program at its Quicksilver project in Western Australia
- The program is using a larger size, 85 millimetre PQ and includes 540 metres of drilling as part of its stage three metallurgical test work
- This new round of work aims to further de-risk the proposed flowsheet and provide confidence towards conducting a scoping study
- Additionally, the test work looks to add further value by downstream processing the nickel and cobalt, as well as assessing the potential for rare earth element by-products
- Golden Mile shares’ remain steady, trading a 2.1 cents at 4:15 pm AEDT
Golden Mile Resources (G88) has launched an eight hole diamond drill program using a larger size PQ (85mm) at its flagship Quicksilver project in Western Australia.
The wholly-owned nickel-cobalt project hosts an indicated and inferred resource of 26.3 million tonnes at 0.64 per cent nickel and 0.04 per cent cobalt, which contains approximately 168,500 tonnes of nickel metal and 11,300 tonnes of cobalt metal.
The diamond drill program includes a planned 540 metres of drilling, and forms part of the company’s stage three metallurgical test work.
Golden Mile has called on John Wood Group (Wood) to design and manage the test work program. Wood has requested diamond core intervals able to provide 100 kilograms per bulk sample.
The company has been working over the past 12 months to come up with a potential pathway to unlock the value of the large resource at Quicksilver.
Golden Mile’s stage two metallurgical test work completed last year highlighted unique saprolitic mineralisation at Quicksilver, which identified a customised multi-products flowsheet to produce nickel-cobalt and iron-nickel-cobalt-chromnium concentrates, as well as industrial products.
The stage three metallurgical test work aims to further de-risk the proposed flowsheet and provide confidence as the company moves towards a scoping study.
Additionally, the test work will try to add further value by downstream processing the nickel and cobalt as well as assessing the potential for rare earth elements (REE) by-products.
It was recently announced that Quicksilver hosts significant rare earth element (REE) potential.
Golden Mile shares’ remained steady, trading a 2.1 cents at 4:15 pm AEDT.
