Golden Mile Resources (ASX:G88) reports that a geochemical review of its Yarrambee Base Metals Project has been completed.
The company has also received assay results from reverse circulation (RC) drilling at Narndee completed in October 2022.
A review of historical soils has identified new rare earth elements (REEs), copper, nickel, and gold geochemical anomalies for further follow-up. An orientation soil sampling program of 18 lines for 360 samples to further investigate the REE, volcanogenic massive sulphide (VMS), Au, and Ni-PGE targets will be undertaken in January 2023.
Anomalous REEs indicated by elevations in Ce2O3 and are contained in historic soils, rock chips and RC drilling by Golden Mile Resources in 2021 and 2022.
Anomalous REEs indicated by elevations in Ce2O3 and are contained in historic soils, rock chips and RC drilling by Golden Mile Resources in 2021 and 2022
The company reports hole YERC002 (drilled 2021) intersected 6m @ 548ppm Ce2O3 from 24m, while hole 22YERC016 intersected 16m @ 332ppm Ce2O3 from 20m.
Three “hotspots” prospective for VMS mineralisation are indicated by coincident Cu-Zn-Bi-Mo anomalism (copper-zinc-bismuth-molybdenum), between 700-900m strike length.
Golden Mile reports the recent drilling confirmed that the copper-zinc mineralised horizon previously reported at the TBW target continues and remains prospective.
The 100% owned Yarrambee Project is located about 500km north-east of Perth within the Murchison region of Western Australia. The project is prospective for both VMS copper-zinc sulphide mineralisation and magmatic nickel-copper-platinum group element (PGE) sulphide mineralisation.
Historical and company drilling to date has confirmed copper and zinc mineralisation associated with sulphide mineralisation within a volcano-sedimentary sequence which has some similarities with the Golden Grove VMS deposit located approximately 115km to the west.
The project also contains a large area of the Narndee Igneous Complex (NIC), a layered intrusion that historical work in the region has shown to be prospective for magmatic nickel sulphide mineralisation.
The following are the proposed next steps:
- Field checks to prioritise follow up of the various geochemical anomalies.
- Complete soil orientation survey to determine the most effective surface sampling method.
- Complete infill soil sampling at targets prioritised by field checking, using the determined method from orientation surveys.
Golden Mile Resources is a Western Australia-based mineral exploration company with a focus on precious and battery metals with projects located in the Eastern Goldfields, Murchison, Pilbara, and South-West regions. The 816km-square Yarrambee Ni, Cu, Zn, PGE and Au Project is within the Narndee Igneous Complex, located in the Murchison region, WA.
Write to Adam Orlando at Mining.com.au
Images: Golden Mile Resources Ltd
