Golden Mile Resources has commenced aircore drilling over the Garard Prospect in the southern Quicksilver nickel-cobalt project area.
Wide spaced aircore drilling is to be undertaken on 400 x 100 metre north-south drill lines and is designed to:
- Drill test the surface nickel-cobalt anomalies at Garard’s and confirm the presence of high-grade cobalt (>5,000 ppm or 0.5%) mineralisation encountered in historical drilling
- Provide systematic drill coverage to allow theinitial estimation of an ‘Exploration Target’
- Be in line with ‘resource standards’ (including input from independent consultants) to expedite later resource estimation based upon this, and subsequent phases, of drilling at Garard’s
Quicksilver Project – Garard Prospect Drilling
The Quicksilver nickel-cobalt project is located in the south-west Mineral Field of Western Australia. The project is composed of one granted Exploration Licence (E 70/4641 – 100% Golden Mile) covering 15 km of prospective stratigraphy. Previous exploration has yielded an extensive nickel-cobalt surface anomaly at Garard’s (Figure 2), which covers over 2,400 metres of strike.
The Garard’s cobalt anomaly in now being systematically drill tested for the first time, however previous drilling has returned high-grade (>0.5%) cobalt intercepts in shallow drilling.
Golden Mile believes that the drilling at Garard’s will rapidly advance exploration with the aim of estimating a Joint Ore Reserves Committee (JORC) 2012 mineral resource in the coming months.
Golden Mile looks forward to updating investors as the Company’s drilling program at Quicksilver progresses over the coming weeks, with this initial phase of drilling expected to be completed in the first week of August 2017.
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