Golden Mile’s Arizona copper project shaping up to host multi-element potential

Golden Mile Resources reports high-grade copper, silver and zinc at Pearl copper project
Project in USA’s top copper producing state of Arizona
Assays have provided targets for the upcoming maiden drilling program

Special Report: Golden Mile Resources has reported exceptional rock chip assays up to 930g/t silver, 10.05% copper, and 8.09% zinc at first pass sampling at the Odyssey prospect within its Pearl copper project in Arizona.

Not only is Arizona a Tier 1 mining jurisdiction, it’s the USA’s top copper producing state and was ranked No. 7 in 2023’s Investment Attractiveness Index by the Fraser Institute.

The Pearl project is in the world-class Laramide porphyry copper province, within the prolific Southwestern North American porphyry copper province, the principal copper metallogenic province of the USA which accounted for approximately 70% of the country’s total copper production in 2023.

Already hosting copper potential, this rock chip sampling at the Odyssey prospect, which has never been drilled, returned:

Silver assay highlights of 930 g/t, 233 g/t, and 274 g/t
Copper assay highlights of 10.05%, 4.23%, and 4.13%; and
Zinc assay highlights of 8.09%, 7.21%, and 6.33%.

Silver and zinc a promising mix

Mineralisation at the Odyssey prospect is visible at surface with a strike length of >800m and includes multiple NNW trending extensional veins which contain visible copper minerals.

And while initially viewed as an epithermal copper target, the company says the presence of silver and zinc mineralisation indicates much broader multi-element mineralisation potential.

Of the 14 first pass rock chip samples taken to test for mineralisation at Odyssey, 10 samples assayed >30 g/t silver, 12 samples assayed >1.5% copper, and 10 samples assayed > 1.0% zinc.

“These results – with exceptional high grades of copper, silver and zinc not only broadens the mineralisation potential of the Odyssey prospect but also provides increased confidence for additional prospects within the Pearl project area,” Golden Mile Resources (ASX:G88) managing director Damon Dormer said.

“By any measure these are exciting results and will provide numerous targets for our maiden drilling program.”

The company is now advancing its maiden drilling program for the Odyssey prospect and is currently working through the government approval process for the associated land clearing permits.

And across the greater extent of the project, further geochemical programs will include more detailed soil and stream sediment sampling to identify further polymetallic anomalies.

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.