THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) followed its appearance at The Resources Roadhouse Steak Sandwich Showdown in Kalgoorlie by announcing results of Stage 3 Metallurgical testwork at the company’s 100 per cent-owned Quicksilver nickel-cobalt deposit in Western Australia.

Golden Mile Resources conducted the Stage 3 metallurgical testwork on the Quicksilver project to test front end physical separation processes aimed at upgrading the nickel mineralisation to support the development of a stand-alone process flowsheet for the project.

The testing produced highlights that included:

• Nickel upgrades of 111 per cent to 226 per cent achieved from low energy scrubbing and screening tests;

• Assays of mica concentrate at 2 to 3 per cent nickel demonstrate potential for further concentration;

• Magnetic concentrate has been generated from all composite samples supporting the case for pursuing a specialised iron, chromium and nickel containing product; and

• Elevated grades of cobalt often associated with manganese exist within the Quicksilver mineralisation and offer potential for generation of a cobalt rich nickel concentrate.

“These results are a huge verification of the previous results and have demonstrated the value of obtaining the highest quality of samples for this testwork,” Golden Mile Resources managing director Damon Dormer said in the company’s ASX announcement.

“The scrubbing and screening results are extremely encouraging with the level of upgrading achieved and could result in a reduction to the size and associated costs of a beneficiation circuit.

“The high-grade nickel association with the mica has been a great discovery which opens up further processing opportunities with isolating this product.

“We will conduct further testwork to better understand why the nickel is associated with the mica without impacting our overall project timelines.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) has a reverse circulation (RC) drill program underway at the company’s Yarrambee copper-zinc-nickel project in the Murchison Region of Western Australia.

A helicopter-borne EM (HEM) survey, followed by a ground-based moving loop EM (MLEM) survey that focussed on a cluster of anomalies adjacent to the Narndee VMS prospect identified a high conductance anomaly now known as the Tank target.

“We are pleased to start this high impact drilling program which kicked off over the weekend at Chi and the newly identified and highly conductive ‘Tank’ anomaly, and then extends to other high priority targets identified from our airborne and ground electromagnetic surveys,” Golden Mile Resources managing director James Merrillees said in the company’s ASX announcement.

“The RC program is targeting bedrock conductors in an area where historical exploration identified widespread alteration and base metals mineralisation.

“These proximal indicators coupled with our geophysical surveys have defined high potential targets for this program which is expected to take about two weeks to complete.

“The team in the field are routinely checking samples with a portable XRF analyser to assist in identifying mineralisation and prioritising samples for laboratory analysis.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@goldenmileresources.com.au

Web: www.goldenmileresources.com.au

THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) has committed to a second phase of metallurgical testing on the company’s 100 per cent-owned Quicksilver nickel-cobalt project, located just outside Perth, in the Wheatbelt Region of Western Australia.

The decision follows a desk top review recently completed by leading nickel laterite processing engineers Wood Mining and Metals Australia to assess the potential of the Quicksilver project to produce a concentrate on site for either export from one of several nearby ports, processing by an existing local refinery or downstream processing by the Company.

The Wood review noted limitations in earlier test work, leading the engineers to recommended further metallurgical investigations focused on a less energy intensive conceptual flowsheet.

Golden Mile’s previous metallurgical testwork identified potential to beneficiate the Quicksilver mineralisation, however these studies were limited by focussing on assessing the direct acid leaching performance.

The Quicksilver project currently has a resource of 26.3 million tonnes at 0.64 per cent nickel and 0.04 per cent cobalt for more than 16,000 tonnes of contained nickel.

“We are very pleased to join forces with Wood to initiate further metallurgical test work looking at beneficiation options to upgrade the nickel resource at the Quicksilver nickel-cobalt project,” Golden Mile Resources managing director James Merrillees said in the company’s ASX announcement.

“This is an obvious opportunity to extract value for our shareholders, and we see the potential for a low-cost operation to produce a beneficiated product for export through nearby ports or feed to a local Western Australian nickel refinery.

“The Quicksilver beneficiation testwork will get underway at the same time as we push hard to progress on-ground exploration at our exciting Yarrambee copper-zinc project, where geophysical crews will be in the field later this month in preparation for drilling.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@goldenmileresources.com.au

Web: www.goldenmileresources.com.au

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:

IWAC010
4m at 0.3g/t gold from 40m and 8m at 0.6g/t gold from 60m;

IWAC007
4m at 0.13g/t gold from 96m;

IWAC008
4m at 0.1g/t gold from 16m; and

IWAC009
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.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@goldenmileresources.com.au

Web: www.goldenmileresources.com.au

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