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GOLDEN MILE RESOURCES LTD - Corporate Spotlight

Golden Mile Resources is a junior explorer putting the spotlight on highly prospective... Golden Mile Resources is a junior explorer putting the spotlight on highly prospective projects in the Eastern Goldfields, Murchison and South-West regions of Western Australia. Mining technologies have come a long way and the experienced team at Golden Mile is unlocking shareholder value by unearthing Nickel, Copper, Zinc and Gold resources within its exploration portfolio.More

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Corporate Spotlight

Golden Mile Resources is a junior explorer putting the spotlight on highly prospective projects in the
Eastern Goldfields, Murchison and South-West regions of Western Australia.
The company is unlocking shareholder value by unearthing base resources and gold within its exploration portfolio.
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G88 Drilling underway at Yarrambee Project

G88 JOINT VENTURE WITH KIN

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Kin Mining (ASX:KIN) enters into earn-in and joint venture agreement with Golden Mile Resources (ASX:G88)


ASX:G88
Source: Shutterstock

  • Kin Mining (KIN) enters into an earn-in and joint venture agreement with Golden Mile Resources (G88) over 120 square kilometres of exploration tenure located east of Leonora in WA
  • The ground is made up of three prospect areas with contiguous tenements which sit adjacent to the company’s flagship Cardinia gold project
  • The company says the location is along the same structural corridors which have already yielded significant targets and mineral resources.
  • Under the agreement terms, Kin will have the right to acquire an initial 60 per cent interest in the Golden Mile Resources tenements, with the ability to increase to 80 per cent ownership

    Read the Full Article on The Market Herald here

G88 COMMENCES RC DRILLING AT YARRAMBEE

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Golden Mile Resources (ASX:G88) commences RC drilling at Yarrambee


ASX:G88
Golden Mile’s Yarrambee Project, drilling underway. Source: G88

  • Golden Mile Resources (G88) begins reverse circulation (RC) drilling at its Yarrambee copper, zinc and nickel project in WA
  • G88 has started a drilling program that will include between 2000 and 3000 metres of exploration
  • Modelling of the Narndee cluster of nine drill-ready base metal targets has been considered as prospective for copper, zinc and nickel mineralisation
  • According to the announcement, G88 invited a portable XRF analyser on-site to support the mineral identification and sampling process

    Read the Full Article on The Market Herald here

G88 DRILLING AT YARRAMBEE THIS WEEKEND

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Golden Mile Resources (ASX:G88) plans drilling at Yarrambee over the weekend


ASX:G88
G88
Golden Mile’s drill preparation at Yarrambee project. Source: Golden Mile Resources

  • Golden Mile Resources (G88) expects a reverse circulation (RC) drill rig to arrive at the Yarrambee project today in preparation for a 2000-3000 metre program
  • Drilling is testing nine high priority base metal targets previously defined by survey work
  • Managing Director James Marrillees says identifying the Tank anomaly was an exciting development and adds to the suite of high priority anomalies

    Read the Full Article on The Market Herald here

G88 FINDS NEW DRILL TARGETS AT YARRAMBEE

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Golden Mile (ASX:G88) finds new drill targets at Yarrambee


ASX:G88
Source: The Market Herald

  • Golden Mile Resources (G88) finds new targets at its Yarrambee project after completing a moving loop electromagnetic (MLEM) survey
  • One of the targets, known as ‘Tank’, has been identified as a highly conductive zone and will be one of the main priorities in follow-up drilling
  • Between 2000 and 3000 metres of reverse circulation drilling will begin later this month as the company begins setting up the process

    Read the Full Article on The Market Herald here

G88 MANAGING DIRECTOR RESIGNS

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Golden Mile Resources (ASX:G88) Managing Director resigns

ASX:G88
Golden Mile Resources (ASX:G88) - Managing Director, James Merrillees (right)
Managing Director, James Merrillees (right)
Source: Resources Roadhouse

  • Golden Mile Resources’ (G88) Managing Director, James Merrillees has resigned
  • James took up the position with G88 in November 2020 and the board says he’s leaving the company well-positioned for success
  • He will step down in mid-December following a transition period and the board has already begun an executive search to fill the position
  • At the company’s WA-based projects, a ground electromagnetic survey is underway at Yarrambee and metallurgical testwork is being undertaken at Quicksilver

    Read the Full Article on The Market Herald here

G88 STARTS GROUND EM SURVEY

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Golden Mile (ASX:G88) starts ground EM survey at Yarrambee

Mining

ASX:G88
Source: Golden Mile Resources

  • Golden Mile (G88) commences its ground moving loop electromagnetic (EM) survey at its Yarrambee Project in Western Australia
  • The survey was delayed due to maintenance issues and is now expected to be completed next week
  • Results from the survey will help identify priority targets for the upcoming drilling program, expected to start next week

    Read the Full Article on The Market Herald here

EM UNDERWAY AT YARRAMBEE

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14 October 2021

Ground EM underway at Yarrambee Copper-Zinc-Nickel Project


Golden Mile Resources Ltd (ASX:G88) is pleased to announce that a ground moving loop electromagnetic (EM) survey has commenced on the Company’s 100% owned Yarrambee copper (Cu) - zinc (Zn) - nickel (Ni) Project where the Company is on track to drill early next month.


Highlights:

  • Ground EM survey underway to follow up high potential Cu-Zn-Ni targets defined by the Company’s helicopter-borne EM (HEM) survey

  • Survey to be completed next week with modelling of the ground data shortly after to provide targets for drilling to commence early next month

  • Preliminary modelling of HEM data confirmed the potential basement conductors identified by the Company have either not been tested or only partially tested by historical drilling

  • A historical diamond drillhole (ND2) at the Chi target ended short of the Company’s modelled conductor despite intersecting narrow, but significant copper-zinc mineralisation and associated alteration including (refer Figures 2 and 3 and G88 ASX Announcement 19 August 2021)1: [email protected]%Cu,370pp pm Zn from 102m

  • The Company has identified a contractor available to mobilise a rig to site early next
    month for a 3-5,000m RC drilling campaign with all approvals currently in place.


Commenting on the Yarrambee EM survey, Golden Mile’s Managing Director James Merrillees said:
“It’s great to have the ground EM crew out in the field surveying the highest priority bedrock conductors which we consider exciting targets for copper-zinc-nickel mineralisation.


“By applying the latest geophysical technology we’ve managed to identify several targets overlooked by previous explorers as well as build upon the database already in place to develop some very exciting targets, including the ‘near-miss’ at Chi.
“With all approvals in place, we’re poised to get out drilling next month.”


Read the full ASX Announcement ASX: G88


G88 STARTS SECOND PHASE OF NI-CO TESTING

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Golden Mile Resources (ASX:G88) starts second phase of Ni-Co testing

Materials

ASX:G88
Quicksilver samples at Bureau Veritas’ Perth metallurgical laboratory. Source: G88

  • Golden Mile Resources (G88) has started the second phase of metallurgical testing on its 100 per cent owned Quicksilver nickel-cobalt (Ni-Co) project
  • The 50 square kilometre Quicksilver project encompasses a mafic-ultramafic (greenstone) belt with nickel sulphide and nickel laterite mineralisation potential
  • The program is being led by Wood Mining and Metals Australia, a nickel laterite processing engineer

Golden Mile Resources (G88) has started the second phase of metallurgical testing on its 100 per cent owned Quicksilver nickel-cobalt (Ni-Co) project, located approximately 300 kilometres east of Perth in Western Australia’s Wheatbelt Region.


The 50 square kilometre Quicksilver project encompasses a mafic-ultramafic (greenstone) prospective for nickel sulphide and nickel laterite mineralisation potential.


Quicksilver is situated on privately held farmland in a location with grid power access, paved roads and a train route to major ports.


In 2018 the company announced a maiden indicated and inferred resource estimate of 26.3Mt @ 0.64 per cent Ni & 0.04 per cent Co (cut-off grade >0.5 per cent Ni or >0.05 per cent Co) for the Quicksilver deposit.


Commenting on the metallurgical programs, Golden Mile managing director James Merrillees said the company was looking forward to better understanding the beneficiation potential of the Quicksilver nickel-cobalt mineralisation which may unlock a simplified development path for the project.


“The aim of the program over the coming weeks will be to develop our knowledge of the potential for a low-cost operation to produce a beneficiated product for export through nearby ports or as a feed to a local Western Australian nickel refinery,” he said.


“The start of the Quicksilver testwork program coincides with the commencement of onground exploration activity at our exciting Yarrambee copper-zinc project, and I look forward to providing shareholders with an update on this work later this week.”


The program is being led by Wood Mining and Metals Australia, a nickel laterite processing engineer. It is designed to investigate the potential of the Quicksilver mineralisation to produce a concentrate on site for either export, processing by an existing local refinery, or downstream processing by the company.


G88 believes previous metallurgical studies demonstrated the nickel laterite mineralisation at the site is amendable to physical upgrading by rejection of a harder silica rich component.


The present study is intended to expand on this characteristic and assess its response to further concentrate cleaning processes.


The studies are in line with the company’s objective to extract value from the Quicksilver project, on which more than $2.5 million has been spent since Golden Mile began work on it in 2017.


Read the Full Article on The Market Herald here

ABOUT GOLDEN MILE RESOURCES

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Golden Mile Resources Ltd (Golden Mile; ASX: G88) is a Western Australian focused mineral exploration company with projects in the Eastern Goldfields, Murchison and South-West regions.


The Company’s gold projects are located in the highly prospective Eastern Goldfields region, namely the Leonora (Benalla, Ironstone Well and Monarch prospects), Darlot and Yuinmery Gold Projects.


The Yarrambee Project, an ~816km2 landholding located in the Narndee-Igneous Complex (NIC) in the Murchison region, is highly prospective for Ni-Cu-PGE as well as Cu-Zn VMS mineralisation.


The Company also holds the Quicksilver nickel-cobalt project, located about 350km south east of Perth.


Golden Mile is focused on creating shareholder value through exploration success. Its Board has a proven track record of exploration, development and production success.


VIDEOS

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Golden Mile Resources Drilling well underway at Yarrambee, hear from the MD on the recent site visit



Golden Mile Resources Ground EM confirms high priority targets at Yarrambee - 
Investor Update with Managing Director of Golden Mile Resources, James Merrillees and The Market Herald - November 2021 Source: The Market Herald 



Golden Mile Resources is unlocking shareholder value in Western Australia



Western Australian gold & base metals explorer

Aug 27, 2021

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