- Golden Mile Resources (G88) has completed the first phase of aircore drilling at the Benalla Gold Trend (BGT) at the Leonora East Gold Project in WA
- This program tested three of the four priority targets which were identified via previous geochemical auger sampling
- The main focus was the BGT2 and BGT4 trends where significant gold was previously identified
- A total of 60 aircore holes were drilled across two targets with up to 2.55g/t gold being intersected
- The second phase of drilling is scheduled to begin next week which will test the partially tested BGT3 target and the completely untested BGT1 target
- Golden Mile is down 9.46 per cent with shares trading for 6.7 cents each
Golden Mile Resources (G88) has completed the first phase of aircore drilling at the Benalla Gold Trend (BGT) at the Leonora East Gold Project in WA.
This program tested three of the four targets which were identified via previous geochemical auger sampling.
Work identified multiple intersections of gold mineralisation across two mineralised structures which could be continuations of the neighbouring East Lynne and Collymore Trends owned by Kin Mining (KIN).
The main focus was the BGT2 and BGT4 trends where up to 371ppb (parts per billion) and 374ppb gold has been returned respectively.
A total of 60 aircore holes were drilled across the two targets and assays highlight a number of significant gold intersections that define a mineralised trend that spans 900 metres in length.
A further 12 holes were then drilled to partially test target BGT3.
Target BGT2 returned the best result of 12 metres at 1.03g/t gold from 40 metres including four metres at 2.52g/t gold, and eight metres at 1.28g/t gold from 28 metres including four metres at 2.44g/t gold.
The second phase of drilling is scheduled to begin next week following the completion of work at the Darlot Project.
This work will test the remainder of BGT3 and the completely untested one kilometre long BGT1 target.
Golden Mile is down 9.46 per cent with shares trading for 6.7 cents each at 1:04 pm AEDT.