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Golden Mile Resources (ASX:G88) receives assay results from Darlot

Mining
ASX:G88      MCAP $4.130M
25 August 2020 15:00 (AEDT)
Golden Mile Resources (ASX:G88) - Chairman, Rhod Grivas

Source: ResourceStocks

Golden Mile Resources (G88) has received assay results from a recent soil sampling program at its Darlot Gold Project.

The Darlot Gold Project lies 120 kilometres north of Leonora and 350 kilometres north of Kalgoorlie in Western Australia.

It consists of one granted exploration licence and neighbours the multi-million-ounce Darlot-Centenary gold mine, which is owned and operated by Red 5 (RED).

Golden Mile’s recent soil sampling program was completed over the Central Target area, where historic workings and mineralised quartz veins have been identified and connected with a magnetic low feature.

Results from this survey have highlighted a number of gold-in-soil anomalies, with up to 232 parts per billion (ppb) gold being returned.

Additionally, anomalous areas were identified, spanning lengths of more than 400 metres.

Further work is now planned to map structures associated with these anomalies before aircore and reverse circulation drilling programs can begin.

Golden Mile is steady on the market and shares are trading for six cents each at 1:49 pm AEST.

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