Quarterly Activities Report

Quarterly Activities Report

Golden Mile Resources Limited (ASX: G88, “Golden Mile” or “the Company”) is pleased to present its Quarterly Report for the period ending 30 June 2024.

COMPANY HIGHLIGHTS

Pearl Copper Project Arizona, USA

  • Option to Acquire up to 100%, with Project in a Tier 1 mining jurisdiction and in the heart of the Laramide Porphyry Copper Belt
  • Adjacent to the giant San Manuel-Kalamazoo porphyry copper-molybdenum deposits
  • The Ford and Pearl historic mining centres present immediate exploration targets with widespread surface alteration and high-grade rock chip samples including 7.4% Cu, 0.43% Mo, 19.9% Pb, 4.9% Zn, 360 g/t Ag
  • Project due diligence is underway with Golden Mile’s management team recently completing a site visit and field assessment of the Pearl Project

Quicksilver Nickel-Cobalt Project, WA

  • Completion of the Stage 3 Metallurgical Testwork Programme
  • Development of an initial process beneficiation flowsheet concept which includes crushing, scrubbing, screening, regrinding, magnetic and gravity separation process
  • Stage 3 testwork has demonstrated potential for the flowsheet to target a 75% nickel recovery within four concentrates
  • Gold grades of 0.1 to 2.3 g/t returned in gravity concentrates

Project Assessments and Field Evaluations

  • Project reviews, including field evaluation and sampling programmes completed at Yarrambee, Yuinmery, and Murchison Projects
  • Project review completed at Marble Bar Project, with the execution and completion of a 120- sample stream-sediment geochemical programme

Corporate

  • Appointment of Non-Executive Director Mr Michele Alessandro Bina, as the nominee of Gage Resources Development Pty Ltd
  • $358,825 AUD received from the Australian Taxation Office (ATO) for its 2023 AusIndustry Research and Development Tax Incentive in relation to activities at the Quicksilver Project

Click here for the full ASX Release

This article includes content from Golden Mile Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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