Golden Mile Resources Flying Airborne EM Survey at Yarrambee

THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) is having a helicopter borne electromagnetic (HEM) survey carried out at the company’s Yarrambee project in the Murchison Region of Western Australia.

The Yarrambee project covers prospective portions of the Narndee Igneous Complex (NIC) approximately 500 kilometres north-east of Perth, where Golden Mile is targeting ‘feeder-systems’ associated with mafic-ultramafic intrusions, usually considered prospective for nickel-copper-platinum group element (PGE) mineralisation like others in WA, including Nova-Bollinger in the Fraser Range (ASX: IGO) and Julimar in the Darling Ranges (ASX: CHN).

Yarrambee also covers portions of the surrounding Yaloginda Formation, which Golden Miles considers prospective for volcanogenic massive sulphide (VMS) copper-zinc mineralisation, including two high quality, advanced prospects identified at Narndee and Yalanga Bore.

Golden Mile has engaged NRG Australia to fly the HEM survey over prospective parts of the NIC utilising the latest generation proprietary Excite system with the aim to identify conductors prospective for nickel-copper-PGE and copper-zinc sulphide mineralisation.

“This is an exciting opportunity for the company to apply modern exploration techniques over a large landholding in Western Australia with demonstrated prospectivity to host magmatic nickel-copper-PGE and VMS base metals deposits,” Golden Mile Resources managing director James Merrillees said in the company’s ASX announcement.

“Modern airborne electromagnetics such as the company’s upcoming Excite survey are proven to be an effective tool to quickly screen large areas for metal-rich massive sulphide accumulations, and our focus will be to identify and refine targets for drill testing as soon as we can in the coming months.”

 

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@goldenmileresources.com

 

Web: www.goldenmileresources.com