Golden Mile Resources (ASX:G88) has discovered multiple broad and shallow intersections of gold mineralisation in its first phase aircore (AC) drilling programme on the Benalla Gold Trend (BGT) at its Leonora East Gold Project located in the North-Eastern Goldfields of WA.
This maiden drilling programme tested three of the four priority targets identified by the company’s previous geochemical auger sampling over the BGT.
Target BGT2 also displayed a coincident magnetic anomaly, identified by the recent airborne magnetic survey, similar in nature to Kin Mining’s Cardinia Hill prospect.
Assay results from the programme have identified multiple intersections of gold mineralisation across two mineralised structures that the company says could represent continuations of Kin Mining’s neighbouring East Lynne and Collymore Trends.
The results also appear to define a mineralised trend over approximately 900m of strike length.
The gold mineralisation is generally hosted in a felsic volcanic unit with associated quartz veining, disseminated sulphides (mostly pyrite, up to 5%) and potassic alteration, on or near the contact with surrounding mafic volcanic units. This style and setting is similar to as noted in the neighbouring Cardinia area.
A second phase of AC drilling at Benalla will commence next week, this will complete the remaining holes at target BGT3, as well as testing target BGT1, an undrilled 1km long auger geochemical anomaly of up to 387ppb Au, along with further follow up drilling at targets BGT2 and BGT4.
The identified mineralised structures will likely be targeted with a systematic RC percussion drilling programme to determine the full extent and gold grade of these structures.
