- Golden Mile Resources’ (G88) Managing Director, James Merrillees has resigned
- James took up the position with G88 in November 2020 and the board says he’s leaving the company well-positioned for success
- He will step down in mid-December following a transition period and the board has already begun an executive search to fill the position
- At the company’s WA-based projects, a ground electromagnetic survey is underway at Yarrambee and metallurgical testwork is being undertaken at Quicksilver
- Shares have ended the 3.9 per cent lower at 4.9 cents at market close
Golden Mile Resources’ (G88) Managing Director has resigned as the company undertakes surveys and testwork across its Western Australia-based projects.
James Merrillees is leaving the company after around one year in the role.
The geologist who is known to have 20 years global experience in minerals exploration and development was appointed as Managing Director in November 2020.
Before his time at G88, he served in the same position at Cygnus Gold (CY5).
Commenting on the resignation, Chairman Rhod Grivas said James brought a new focus to Golden Mile and he leaves the company well positioned for success.
James will step down in mid-December following a transition period. The Board has reportedly begun an executive search to fill the position.
In terms of the company’s projects, a ground electromagnetic (EM) survey is said to be underway at the Yarrambee project, located in the Murchison region of WA, to follow up copper-zinc-nickel targets that were defined by a previous helicopter-borne EM survey.
The ground survey will assist with refining targets for drill testing, which the company expects to start next month.
Over at the Quicksilver nickel-cobalt project, located 350 kilometres south east of Perth, metallurgical testwork is being processed.
G88 is hoping to gain a better understanding of the mineralisation in this area which it believes may unlock a simplified development path for the project.
Shares were trading 3.92 per cent lower at 4.9 cents at market close.