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Golden Mile Resources Ltd. ( (AU:G88) ) has issued an update.
Golden Mile Resources has completed a follow-up rock-chip sampling campaign at its Aurora Gold Prospect, part of the Pearl Copper Project in Arizona, after earlier reconnaissance returned highly anomalous gold grades, including 38.7g/t, 29.5g/t and 20.4g/t. The latest programme collected 81 samples along three semi-continuous lines across sub-cropping vein sets and the intervening granodiorite porphyry host, with assay results expected later in May.
Previous campaigns at Aurora showed 58% of samples grading above 0.5g/t gold and delineated an 800-metre-long by 200-metre-wide target zone that remains open to the south. If the new sampling confirms that the sheared granodiorite host is also gold-bearing, Golden Mile would have defined a significantly larger exploration target, paving the way for immediate drill testing and potentially enhancing the project’s scale and strategic appeal within its portfolio.
More about Golden Mile Resources Ltd.
Golden Mile Resources Ltd. is an Australian-listed mineral exploration company focused on precious and base metals. The company is advancing the Pearl Copper Project in Arizona, U.S., where it is exploring the Aurora Gold Prospect, targeting vein-hosted and potentially broader granodiorite-hosted gold mineralisation.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.48M
For an in-depth examination of G88 stock, go to TipRanks’ Overview page.