Golden Mile Resources Limited (ASX:G88) Successfully Completes Maiden Drilling at Pearl Copper Project
Drilling Campaign Overview
Golden Mile Resources Limited (ASX:G88) has successfully completed its maiden drilling campaign at the Pearl Copper Project in Arizona, USA. The programme involved ten reverse circulation (RC) drill holes totalling 1,186 metres, marking the company’s inaugural drilling activity in the United States and at the Pearl project.
Visible Copper Mineralisation Intersected
Visible copper carbonate mineralisation, including malachite and azurite, was intersected in five of seven holes at the Odyssey Prospect and in two of three holes at the Ford Prospect. This marks the first drilling at these high-priority targets since mining ceased in 1942. The intersections suggest potential for broader multi-element mineralisation, supported by previously reported high-grade rock chip results.
Next Steps
Assay results from the drilling are anticipated in the coming weeks. Golden Mile is planning follow-up exploration programs, including geophysical surveys and further drilling, to expand on the initial findings.
Executive Comments
Managing Director Damon Dormer stated, “We are very pleased with the outcome of our maiden drilling program carried out at the Pearl Copper Project. Following an extensive permitting process, the campaign was well executed within budget, and so far we are very encouraged by the multiple intersections of visible copper mineralisation.
We now look forward to receiving assay results, particularly with the potential for broader multi-element mineralisation, as evident from the numerous high-grade rock chips results reported previously.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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