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Golden Mile Resources Ltd

Golden Mile Resources identifies three new targets at Quicksilver Nickel-Cobalt Project, drilling continues

The three category I targets appear to represent bedrock sulphide conductors that require drill testing.

bagged drill core samples
Samples gathered from reverse circulation drilling at Quicksilver

Golden Mile Resources Ltd (ASX:G88) has found three category I targets from moving loop electromagnetic (MLEM) surveying completed at its Quicksilver project in Western Australia.

The targets appear along 8 kilometres of strike and sit north of the Wyatt’s electromagnetic target.

Ongoing reverse circulation (RC) drilling at the southern Garard prospect area has also returned wide intercepts of nickel mineralisation.

READ: Golden Mile Resources intersects massive sulphides at Quicksilver nickel-cobalt project

MLEM surveying was conducted by geophysical consultants Newexco and was designed to test the balance of the tenement area north of the Wyatt’s anomaly.

The survey used 400 metre line spacing with 100 metre stations along those lines.

Category I anomalies were further defined utilising detailed fixed loop electromagnetic survey with 100 metre line spacing.

Golden Mile’s modelling indicates the presence of several category II targets that have yet to be properly defined.

Working towards a mineral resource estimation

Ongoing RC drilling at Quicksilver is targeting the accessible extremities of the Garard’s prospect, with shallow drilling continuing to define the mineralisation to both the north and south.

Highlighted results from the drilling include: 45 metres at 0.71% nickel and 0.04% cobalt from 15 metres; and 5 metres at 1.32% nickel and 0.13% cobalt from 55 metres.

Diamond drilling is scheduled to begin in coming weeks to produce samples for metallurgical work and progress efforts towards a mineral resource estimation.

Golden Mile will soon begin drill testing the category I targets as well as further surveying to delineate category II and III anomalies.

Quick facts: Golden Mile Resources Ltd

Price: $0.08

Market: ASX
Market Cap: $4.58 m
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