THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) reported on a recently completed soil sampling campaign undertaken on the company’s Yuinmery project within the Murchison Region of Western Australia.
The Yuinmery project covers prospective portions of the Youanmi Complex, located approximately 500 kilometres north-east of Perth.
Golden Mile resources collected 451 samples it claims to have confirmed a broad zone of surface gold anomalism associated with the Elephant Reef and Ladies Patch prospects, each of which extend over more than 800 metres adjacent to the regional Yuinmery Shear Zone.
The sampling also defined the new Grey Beard prospect south of Ladies Patch covering an area more than one square kilometre with up to 300ppb gold in soils with no previous drilling.
Limited historical drilling has previously highlighted the prospectivity of the Yuinmery Shear Zone, albeit generally shallow with no follow up RC or diamond drilling reported.
Golden Mile indicated it is planning ground-based work to rapidly advance exploration on these targets at Yuinmery, including further infill soil sampling, aircore drilling traverses and deeper RC to follow up historical intersections.
“These newly identified targets are in addition to samples confirming the broad zone of gold anomalism at the Elephant Reef and Ladies Patch prospects which are adjacent to a major controlling structure in an exploration hot spot,” Golden Mile Resources managing director James Merrillees said in the company’s ASX announcement.
“Golden Mile has long held the view that Yuinmery is an outstanding early-stage exploration play and we are now working up a program to advance these targets which highlight the opportunity for a significant gold discovery.”
TO READ THE FULL ANOUNCEMENT: CLICK HERE