Ready To Test Geochem Targets At Benalla
An active Golden Mile Resources Ltd (ASX:G88) is currently drilling at Ironstone Well and is preparing to commence drilling at Benalla, both within the company’s Leonora Gold Project, located 230km north of Kalgoorlie, within the Eastern Goldfields of Western Australia.
An ~1,500m aircore (AC) drill programme is progressing at Ironstone Well to test geochemical anomalies associated with surface workings coincident with regionally significant, gold- bearing shear zones.
The Ironstone Well project, seven kilometres northeast of Leonora, covers several well- mineralised structures including the Pink Pig Shear Zone, plus numerous under-explored alluvial gold prospects.
Gold was first discovered at Ironstone Well in 1899 and mine production was generally of a small scale but high-grade including the “Pride of Leonora” where historical production of 38 kg of gold was recorded from 1,540t @ 24.6 g/t Au.
The current programme is the first by the company at Ironstone Well since 2018 when drilling on the Natasha Prospect included: IRC002: 7m @ 4.16 g/t Au from 17m incl. 2m @ 11.35 g/t Au
The current programme is focused on the 3.2km long Pink Pig Shear Zone with extensive surface gold anomalism and limited historical drilling. A further programme targeting the NW structural zone associated with the Natasha and Pride of Leonora prospects is planned in the coming months following grant of the Company’s Program of Works (POW) application,
Once drilling is completed at Ironstone Well, the rig will shift to the company’s Benalla Project to further test targets defined by the company’s geochemical sampling and recently completed drilling. This includes the Wanghi Prospect where previous drilling by the Company identified a wide zone of high-grade gold mineralisation including: BTAC187: 28m @ 1.79g/t Au from 51m in incl. 14m @ 3.07g/t Au. The programme will be completed in the coming weeks with assay results expected late June – early July.
Golden Mile has also received confirmation from its geophysical contractors that the Yarrambee airborne electromagnetic (EM) survey is now scheduled to commence in the middle of June. The slight delay to the start date was caused by wet weather on the contractor’s previous job.
Managing Director, James Merrillees, said the company was pleased to have obtained a drill rig to test Ironstone Well and the newly defined Wanghi prospect at Benalla.
“It’s great to be out in the field drilling our first program at Ironstone Well in more than three years and to further test and develop the Benalla targets,” he said.
“I’m also looking forward to the EM survey getting underway at Yarrambee, a regionally significant Cu-Ni and base metals project in preparation for drilling in the back half of the year,” Mr Merrillees said.
