Golden Mile Resources

Highest-Ever Nickel Grades At Quicksilver

Spectacular Intersections of 28m at 2.34% Nickel & 0.109% Cobalt within the Resource Outline including intercepts of up to 4.14% Ni and 0.421% Co

Golden Mile Resources Limited (“Golden Mile”; “the Company”; ASX: “G88”) is pleased to announce that PQ diamond drilling for Stage 3 Metallurgical testwork on the 100% owned Quicksilver Nickel- Cobalt deposit “Quicksilver” has intersected very wide zones of high-grade nickel mineralisation within the existing Resource.


Highlights

  • 23QDD008: 49m at 1.74% nickel (Ni), 0.071% cobalt (Co) from 30m
    • Including 28m at 2.34% Ni & 0.109% Co from 32m depth, with intercepts up to 4.14% Ni and 0.421% Co; and
    • 5m @ 1.6% Ni & 0.026% Co from 73m depth

Other significant intersections include:

    • 23QDD006: 61m @ 0.61% Ni from 20m depth, including 1m @ 1.22% Ni from 77m depth
    • 23QDD002: 47m @ 0.74% Ni from 18m depth, including 3m @ 1.15% Ni from 54m depth
    • 23QDD007: 29m @ 0.65% Ni from 20m depth, including 1m @ 1.25% Ni from 36m depth
    • 23QDD003: 13m @ 0.76% Ni from 21m depth, including 1m @ 1.53% Ni from 23m depth
    • 23QDD001: 4m @ 1.5% Ni from 29m depth
  • Potential for direct transportation and shipping of high-grade zones of the orebody without beneficiation
  • High-grade cobalt in 23QDD008 exhibits good nickel-cobalt ratios (~10:1)
  • High-grade nickel and cobalt in the oxide zone might be an indication of potential disseminated nickel mineralisation within the untested primary zone
  • Hole 23QDD008 encountered the highest grade nickel and cobalt so far at Quicksilver

Golden Mile’s Managing Director Damon Dormer said “These are spectacular intersections and the highest nickel grade we have ever encountered at Quicksilver. The results indicate that we have a significantly higher-grade zone within the overall Resource with the potential of disseminated nickel mineralisation within the untested primary zone. This may provide an opportunity for direct transportation and shipping of high-grade zones of the orebody to provide early cash flow while constructing the beneficiation plant and accelerating project timelines.”

Quicksilver Nickel-Cobalt Project

The Quicksilver Nickel-Cobalt Project (“the project”; “Quicksilver”) is located near the town of Lake Grace (approximately 300km SE of Perth) on privately owned farmland in an area with excellent local infrastructure. The project is an oxide clay hosted Nickel-Cobalt deposit with an Indicated and Inferred Resource of 1:

cut-off grade >0.5% Ni or >0.05% Co

Further to the defined Resource, Quicksilver has confirmed mineralisation of Rare Earth Elements2 (REE’s) and significant high-grade Scandium3 (Sc) within the Resource envelope.

Metallurgical Diamond Drill Programme

The metallurgical diamond drilling programme4 was conducted to deliver a bulk sample for the Stage 3 metallurgical testwork programme. The drilling programme resulted in a total of 8 holes for 548.9m of PQ size diamond core. The PQ size was selected to deliver the highest quality and most representative sample of the orebody as well as maximise the mass for the Stage 3 metallurgical testwork programme.

Assay Results

The priority 1 assays from the diamond drill programme have returned wide zones of nickel mineralisation, including high-grade nickel and cobalt, hosted within the upper and lower saprolite oxide zones. The best nickel results from the Metallurgical PQ Diamond Drilling are shown in Table 1 with the positioning of the holes relative to the resource outline in Figure 1.


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.

Golden Mile Resources

Golden Mile Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Golden Mile Resources

Golden Mile Resources


Keep reading...Show less

Multiple exploration opportunities across base and precious metals in Australia and the US

FPX Nickel (TSXV:FPX)

FPX Nickel Completes Production Run of Battery-Grade Nickel Sulphate to Support Discussions with Prospective EV Battery Supply Chain Partners

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) ("FPX" or the "Company") is pleased to announce successful production of additional battery-grade nickel sulphate from its Baptiste Nickel Project ("Baptiste" or the "Project"). Building on the success of previous testing campaigns, a production run was completed to produce larger quantities of nickel sulphate crystals. The nickel sulphate samples, which meet the strict target specifications for battery applications, will be provided to selected prospective downstream partners including pCAM producers, battery companies, and automakers pursuing supply security, traceable sourcing, and low carbon intensity production.

"The production of high-purity nickel sulphate further positions us to engage in strategic discussions with prospective downstream partners across the global EV supply chain," commented Martin Turenne, FPX Nickel's President and Director. "This milestone further demonstrates the strategic flexibility of the Baptiste awaruite concentrate and the technical maturity of the awaruite refining process."

Keep reading...Show less
Nickel bars in front of a world map.

Top 9 Nickel-producing Countries

The top nickel producing countries list has been shaken in recent years by Indonesia's rapid rise to the top, beating the Philippines and New Caledonia.

Demand for nickel is mounting. Stainless steel accounts for the vast majority of nickel demand, but electric vehicle (EV) batteries represent a growing application for the base metal as the shift toward a greener future gains steam.

But while nickel's long-term outlook appears bright, it may face headwinds in the short term. Nickel prices have been trending down since breaking US$20,000 per metric ton in May 2024 as weak usage coincides with strong output from top producer Indonesia.

Keep reading...Show less
Ni-Co Energy

Ni-Co Energy Set to Mobilize Critical Minerals Exploration just 90 km from Montreal

Ni-Co Energy Inc. announces that its technical team will be mobilized to the Kremer property around mid-June 2025. The project is located approximately 90 km north of downtown Montreal and about 15 km from the nearest municipality, in a remote forested area with access via an existing road and close proximity to the hydroelectric grid.

Meet The Team:

Keep reading...Show less
FPX Nickel (TSXV:FPX)

FPX Nickel


Keep reading...Show less
Golden Mile Resources

Golden Mile Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×