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Golden Mile Resources Ltd. ( (AU:G88) ) has shared an announcement.
Golden Mile Resources has advanced exploration at its Aurora Gold Prospect within the Pearl Copper Project in Arizona, launching a new soil and rock chip sampling program in March to build on earlier campaigns that returned highly anomalous gold grades over an 800-metre strike. The latest work aims to determine whether the granodiorite host rock also carries gold, potentially expanding the scale of mineralisation and supporting the development of a significant gold-bearing system.
In parallel, the company has moved into a new porphyry copper-molybdenum opportunity at the Leviathan project in Arizona via a joint venture that allows it to earn up to a 95% interest through A$3 million in expenditure, following reconnaissance rock chips averaging 2.6% copper and notable molybdenum grades. Golden Mile has also streamlined its portfolio by selling its remaining 20% stake in the Leonora Gold joint venture in Western Australia for A$250,000, sharpening its strategic focus on North American copper and gold assets and potentially reshaping its future exploration priorities.
More about Golden Mile Resources Ltd.
Golden Mile Resources is an Australia-listed mineral exploration company focused on precious and base metals, with key projects in copper, molybdenum and gold. Its portfolio includes the Pearl Copper Project and the Leviathan porphyry copper-molybdenum project in Arizona, U.S., alongside previously held gold interests in Western Australia.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.48M
For a thorough assessment of G88 stock, go to TipRanks’ Stock Analysis page.