Golden Mile Resources Ltd. (AU:G88) has released an update.
Golden Mile Resources Ltd. has entered a binding term sheet to potentially acquire 100% of the Pearl Copper Project in Arizona, USA, promising due to its location in a top-tier mining jurisdiction known for significant copper production. The project is near the giant San Manuel-Kalamazoo deposits, with initial evaluations showing high-grade rock chip samples and historic mining centres offering immediate exploration targets. Additionally, the company has completed significant metallurgical testwork on its Quicksilver Nickel-Cobalt Project in WA, with promising results for nickel recovery and gold grade concentrations.
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