Testing High Impact Targets At Leonora Gold Project
Golden Mile Resources (ASX:G88) is preparing to recommence drilling will commence next week to test high impact targets at Benalla, within the company’s Leonora Gold Project in Western Australia.
First Results from the programme of ~3-5,000m of aircore is anticipated in late March.
The Leonora Project comprises a regionally significant tenement package with three project areas, Ironstone Well, Monarch and Benalla, located east of the Leonora mining centre, and about two hours north of Kalgoorlie, in the prolific Eastern Goldfields.
The company’s projects are along strike from and surrounded by significant gold production, development and exploration projects including St Barbara’s Gwalia Project and Kin Mining’s Cardinia Project.
Golden Mile’s focus at Leonora is currently on the Benalla Project and the follow up of multiple high priority targets with a similar geochemical signature and structural setting to KIN’s adjacent Cardinia Project
The initial aircore programme will focus on extending the mineralised zones tested in late 2020 as well as the testing of new targets defined by multi-element soils and supported by results from recently completed re-analysis of drill pulps from the 2020 aircore drilling programs.
Laboratory ‘pulps’ (the residue from previous gold analysis) from end of hole samples, as well as significant (>0.1g/t Au) gold intervals, have been analysed for a suite of pathfinder and major elements to assist in the Company’s targeting at Benalla.
Review of these data demonstrates gold mineralisation is associated with broad intervals of arsenic (As) anomalism, as well as ‘pathfinder’ elements including silver (Ag) – bismuth (Bi) – copper (Cu) – tellurium (Te) – tungsten (W) and zinc (Zn). This element association, also typical of those reported by KIN at Cardinia, define a much broader pattern than gold alone and support the Company’s interpretation of a widespread mineralised system at Benalla.
The highest priority of these targets is the mineralised trend extending between and beyond targets BGT1 and BGT3 which covers a strike length of more than 4.5km.
The target area for BGT2 and BGT4 has likewise been significantly extended to the northwest and now covers more than 1km of strike which will be tested in the upcoming programme.
