- Following a recent soil sampling program, Golden Mile Resources (G88) has identified two new gold targets at its Yuinmery Project in Western Australia
- The program was carried out in October, with approximately 200 samples collected from the Elephants Reef and Ladies Patch areas
- Showing a strong correlation with historic data, the assay results appear to delineate two north-northeast trending gold-in-soil anomalies
- Additional soil sampling work is currently underway to assist in establishing priority target areas for later drilling
- Shares in Golden Mile Resources were down 1.67 per cent at the close of trading yesterday to 5.9 cents each
Following a recent soil sampling program, Golden Mile Resources (G88) has identified two new gold targets at its Yuinmery Project.
Located in the Younami Gold Mining District in Western Australia, approximately 10 kilometres east of Rox Resources’ Youanmi Gold Mine, the project hosts a number of promising gold occurrences as well as a nine kilometre stretch of the Yuinmery Shear.
The soil sampling program, which was carried out in October this year, targeted the Elephants Reef and Ladies Patch areas to the north of the Yuinmery Project with approximately 200 samples collected in total.
These samples were assayed for gold and multi- element pathfinder metals, and show a strong correlation with historic results. In addition, the assay results are thought to delineate two north-northeast trending gold-in-soil anomalies, each of which cover roughly 800 metres of strike.
Further soil sampling work is now underway to infill other anomalous regions identified during the collection of historic data, which will assist in defining priority targets for future drilling work.
Separately, Golden Mile completed a second phase of high-resolution ground magnetic surveys at the Yuinmery Project, also in October. This survey covered an additional 2.6-kilometre length of the Yuinmery Shear, including the Pirates Patch and Poppies Patch that had been identified during earlier prospecting activities.
Golden Mile says the results from this survey will build on existing data to complete a litho-structural interpretation of the area, which will then be used to define a first-pass drilling program.
Shares in Golden Mile Resources were down 1.67 per cent at the close of trading yesterday to 5.9 cents each.