Golden Mile Resources Ltd. (AU:G88) has released an update.
Golden Mile Resources Ltd. has acquired the promising Pearl Copper Project in Arizona, which boasts over 50 historic copper workings, proximity to major mines, and significant potential for high-grade copper-polymetallic mineralization with minimal previous modern exploration. The project is strategically located in the Laramide Porphyry Copper Belt, the most productive copper region in the US, responsible for 70% of the nation’s copper output. The company has agreed to terms with Outcrop Silver & Gold Corporation, aiming for up to 100% ownership with a planned $A12 million investment over eight years.
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