Golden Mile Resources Hits High-Grade Gold at Benalla Project

THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) provided the market with an early-Monday-morning wake up call to report exciting aircore drilling results from within the company’s Leonora gold project located near Kalgoorlie in Western Australia.

Golden Mile Resources reported results achieved at the Wanghi prospect, within the Benalla project, within the Leonora project indicating the intersection of a wide zone of high-grade gold mineralisation.

Latest results include:

BTAC187
33 metres at 1.6 grams per tonne gold from 48m, including 16m at 2.95g/t gold from 61m;

BTAC188
3m at 2.74g/t gold from 15m; and

BTAC189
4m at 0.51g/t gold from 36m.

Mapping at Wanghi has identified a previously unrecognised structural trend controlling gold mineralisation which has been lightly tested by the current drilling program.

The newly identified structural zone presents a new target for testing with RC drilling planned to commence mid-late next month.

Re-assay of 1m splits of significant intersections from the 2020 aircore program returned a high-grade intersection of:

BTAC082
1m at 10.6g/t gold from 30m.

“These are exciting results for the company,” Golden Mile Resources managing director James Merrillees said.

“We intersected further wide zones of strong gold mineralisation in fresh rock at Wanghi, and the recognition of important structures controlling mineralisation provides an important new targeting tool for the follow up RC drilling planned next month.

“The plus 10-gram gold intersection in hole BTAC082 at Wanghi also points to the potential for high-grade in the system and is further endorsement of our belief in Benalla to host a meaningful gold system immediately along strike from KIN Mining’s 1.15 million ounces Cardinia Gold Project.

“With assay results received for only six out of a total of 81 holes drilled to date we are looking forward to a period of strong news flow over the coming months.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

JAMES MERRILLEES RECENTLY SPOKE WITH THE RESOURCES ROADHOUSE: WATCH HERE

 

Email: info@goldenmileresources.com

 

Web: www.goldenmileresources.com