Golden Mile Resources Encounters Widespread Gold Mineralisation at Leonora Project

THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) reported results from recently completed aircore (AC) drilling undertaken at the Ironstone Well and Benalla gold projects, part of the company’s Leonora gold project near Kalgoorlie in the Eastern Goldfields of Western Australia.

A 16-hole AC program at Benalla followed up targets at Wanghi, Benalla Hill, BGT2, BGT3 and Websters.

Intersections from this program include:

BTAC277 (Wanghi)
4 metres at 0.68 grams per tonne gold from 37m and 4m at 0.29g/t gold from 45m;

BTAC271 (BGT02)
4m at 0.11g/t gold from 40m;

BTAC272 (BGT02)
4m at 0.16g/t gold from 36m; and

BTAC273 (BGT02)
4m at 0.17g/t gold from 44m and 5m at 0.16g/t gold from 52m.

An 11-hole AC program at Ironstone Well, seven kilometres northeast of Leonora, targeted geochemical anomalies coincident with the folded “Pink Pig” Shear Zone, which can be traced for more than three kilometres regionally.

Best intersections at Ironstone Well were associated with the Pig Well prospect and included:

4m at 0.3g/t gold from 40m and 8m at 0.6g/t gold from 60m;

4m at 0.13g/t gold from 96m;

4m at 0.1g/t gold from 16m; and

4m at 0.53g/t gold from 60m.

“While the company is encouraged by the widespread gold mineralisation intersected to date at Benalla, and the untested potential at Ironstone Well, the company’s focus over the coming months will be on the Yarrambee project and following up the outstanding copper-zinc targets identified from the recently completed airborne survey,” Golden Mile Resources managing director James Merrillees said in the company’s ASX announcement.

“Planning is now well advanced to source a crew to complete ground electromagnetic surveys prior to drilling on these high priority targets at Yarrambee and I look forward to providing an update on this program in the coming weeks.”