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Golden Mile Resources to Commence Drilling at Quicksilver

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THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) is primed and ready to commence exploration RC drilling at the company’s Quicksilver nickel-cobalt project on the outskirts of Perth in Western Australia.

Golden Mile Resources has a field crew mobilised and a drill rig scheduled to arrive soon to undertake the Quicksilver primary drilling program that is to consist of nine RC holes to test the potential of disseminated nickel sulphides within the primary zone beneath the existing nickel-cobalt oxide Resource of 26.3 million tonnes at 0.64 per cent nickel, 0.043 per cent cobalt for 168,500 tonnes contained nickel and 11,300 tonnes contained cobalt.

The company anticipates the drilling may also provide further insight into the source of the Rare Earth Element (REE) mineralisation previously encountered in the oxide which remains unexplained.

“It’s exciting to commence this campaign on the back of the previous excellent drill results and test the primary potential underneath the oxide,” Golden Mile Resources managing director Damon Dormer said in the company’s ASX announcement.

“The possibility of disseminated nickel sulphides could increase the longevity of Quicksilver and provide significant scaling opportunities.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Golden Mile Resources (ASX: G88) managing director Damon Dormer

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VIDEO DIARY: Golden Mile Resources’ (ASX: G88) newly-minted managing director Damon Dormer visits Wally Graham of The Resources Roadhouse with news of recent drilling success at the company’s Quicksilver nickel-cobalt project.

Golden Mile Resources Identifies Potential Primary REE Targets at Quicksilver

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THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) declared the identification of what it described as “promising primary rare earth elements (REE) targets” at the company’s Quicksilver nickel-cobalt project near Lake Grace in Western Australia.

The Quicksilver project already boasts an Indicated and Inferred Resource totalling 26.3 million tonnes at 0.64 per cent nickel, 0.043 per cent cobalt for 168,000 tonnes contained nickel and 11,300 tonnes contained cobalt.

Golden Mile carried out a review of the resource drill hole database at Quicksilver to understand the potential source of REE mineralisation it has encountered at Quicksilver.

The company said the review had identified potential carbonatite source for the oxide clay hosted REE mineralisation it encountered in nickel-cobalt resource drilling at Quicksilver, either at depth or along strike.

Results within the oxide include:

QAC0010
4 metres at 3,295ppm total rare earths oxide (TREO), including 1m at 7,915ppm TREO;

QRC0039
10m at 2,548ppm TREO, including 1m at 3,949ppm TREO;

QRC0135
1m at 10,600ppm TREO from 57m; and

QRC0061
1m at 6,700ppm TREO from 8m.

“Determining what lies underneath the nickel and cobalt is crucial for optimising infrastructure positioning,” Golden Mile CEO Damon Dormer said in the company’s ASX announcement.

“The fact that there is the potential for further REE mineralisation underneath the nickel and cobalt is hugely exciting for a deposit that just seems to keep on giving.

“The original plan was to test what lies beneath the resource as a part of the infill drilling to confirm the infrastructure strategy, however it makes sense to accelerate this work based on the improved geological understanding.

“It will also be fascinating to see the resultant REE grades in the concentrates from the metallurgical testwork.”

 

TO READ THE FULL ANNOUNCMENT: CLICK HERE