Golden Mile intersects copper-lead in first Pearl drilling

• Maiden drilling intersects copper-lead mineralisation at Pearl
• Golden Mile beginning to plan follow up drilling
• The company believes results point to a potentially large mineralised system

Special Report: Assays from recently completed maiden reverse circulation drilling are in, supporting Golden Mile’s belief that the Pearl copper project in Arizona could host a substantial mineralised system.

A total of 10 holes, delivered on time and budget, were drilled for a total 1186.3m and intersected multi-element zones of copper, lead, zinc and silver.

Drilling at Odyssey prospect returned 3.66m at 2.42% copper, 1.25% zinc and 94g/t silver from 36.6m and 2.44m at 0.76% Cu, 1.23% Zn and 38.5g/t Ag from 65.9m.

At Ford prospect, results included 19.51m at 0.29% lead and 0.48% Zn from 56.1m, including 7.92m at 0.15% Cu, 0.5% Pb and 0.69% Zn from 67.7m as well as 7.32m at 0.2% Cu, 0.64% Pb and 0.49% Zn from 65.8m.

Golden Mile (ASX:G88) is keen to begin planning a follow-up campaign and a geochemical program to better define depth potential of mineralised structures, with a strong pipeline of activity planned at Pearl over the next six months.

More from G88: Golden Mile Resources hits visible mineralisation in first Arizona copper campaign

More exploration to guide further drilling

G88 managing director Damon Dormer said the company was encouraged with the outcome of maiden drilling, with the suite of initial assays strongly supporting its belief that Pearl had the potential to host a significant mineralised system.

“The numerous mineralised intercepts, combined with the extensive limonitic alteration provide crucial data to guide planned field work for the vectoring of further drilling,” he said.

Both the Odyssey and Ford prospects are centred on historical workings which operated between 1915 and 1942 and are known to have produced high-grade copper.

Since that time, mining and exploration within the region has focused on the giant San Manuel porphyry copper deposit adjacent to the Pearl project.

The asset is 80km south of the BHP/Rio Tinto controlled Resolution copper mine and is adjacent to the San Manuel Kalamazoo mine, where historical production tops 1Bt at 0.7% copper.

Odyssey sits within the historical Pearl mine, where surface mineralisation is traceable across an 800m strike length.

G88’s seven-hole RC program was designed as a first-pass test of structural controls on copper and associated base metal mineralisation.

At Ford, surface mineralisation is exposed at several locations along strike, which is most notable at the site of the historical Ford mine.

“The Pearl Copper Project represents a very strategic opportunity for us as a junior mining company and is ideally located within the world-class Laramide Porphyry Copper Province, part of the prolific Southwestern North American Porphyry Copper Province, and we now enter the next phase of exploration work with confidence,” managing director Damon Dormer said.

This article was developed in collaboration with Golden Mile Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.