- Golden Mile Resources (G88) completes drilling program on its Uinmere project in the Yuanmi gold mining area of Western Australia
- The program included 139 holes with a total length of 2265 meters and tested geochemical targets Elephant Reef, Ladies Patch and Hammerhead
- Due to high demand at the lab Golden Mile expects results in 10-12 weeks
- Shares of G88 were in the gray and traded at 5.5 cents per share at 13:50 AEST
Golden Mile Resources (G88) has completed an air drilling program on its Uinmere project in the Yuanmi gold mining area of Western Australia.
The program included 139 holes with a total length of 2,265 meters and tested the geochemical targets Elephant Reef, Ladies Patch and Hammerhead.
The company will initially present four-meter composite samples for analysis to identify gold mineralization zones for re-sampling.
However, due to the demand of the laboratory Golden Mile expects results in 10-12 weeks.
In Uinmer is the approximately nine-kilometer length of the Uinmer Fault, a large structure of the Northwest trend that is connected to the Yuanmi Fault and may also be the main trajectory of gold.
There have been several gold discoveries in the Yuanmi area recently, including the Roan Resources (RXL) Youanmi gold project and the Penny Wise Ramelius Resources (RMS) project.
Earlier this month the golden mile was won positive results from the second phase of metallurgical testing work on the Nickels-Cobalt Quicksilver project in WA, demonstrating the potential for a low-energy individual process to enrich several products.
The test work expanded the company’s knowledge of Quicksilver’s unique saprolite mineralization.
Shares of G88 were in the gray state and traded at 5.5 cents per share at 13:50 AEST.