Mila Resources’ maiden drilling programme unlocks high-grade mineralisation

The results for the remaining eight holes will be released over the coming weeks, with the final assays expected by the end of 2Q25. The drilling programme was designed to test Mila’s geological model being that Yarrol hosts a structurally controlled, multi-lode high-grade gold system with scale potential along a 20 km corridor.

The drill targets were chosen following an extensive review of historical data and more recent geophysical studies undertaken by the Mila team in 1Q25.

Assay highlights:

Hole MYARC0197

• 11 m @ 2.91g/t Au from 11m, including 1 m @ 16.45g/t Au from 11 m.
• 1 m @ 39.10g/t Au from 32 m, 17 m @ 5.46g/t Au from 42 m, including 1m @ 9.25g/t Au from 42 m.
• 8 m @ 9.76g/t Au from 51 m which includes 1 m @ 47.40g/t Au from 54 m.

Hole MYARC0195

• 2 m @ 1.00g/t Au from 100 m.
• 1m @ 5.19g/t Au from 117 m.
• 2 m @ 6.44g/t Au from 124 m.

Cut-off grade of 0.3g/t Au and 2 m internal dilution applied to intercepts.

Neil Hutchison, Technical Director, said:

“These initial results have confirmed Mila’s confidence in the Yarrol Project, from the initial validation site visit by Mila’s geologists, to the completion of the acquisition by the corporate team. The broad widths and high-grade nature of the intersections returned to date support Mila’s belief that the Yarrol Project has the potential to deliver a substantial resource with further geological and structural modelling of the ore shoots. As we finalise the sample processing, we are excited to await and receive the assay results for the remainder of the drilling programme.”

Mark Stephenson, Executive Chairman, said:

“This drilling campaign set out to confirm that Yarrol hosts a high-grade gold system. The team are delighted with these initial results which confirm the historical data is reliable and support the growth potential Mila sees in the project. We look forward to both delivering further drill results at Yarrol in the coming weeks and developing the potential of our other exciting Queensland assets in the coming months.”

Read the article online at: https://www.globalminingreview.com/finance-business/21052025/mila-resources-maiden-drilling-programme-unlocks-high-grade-mineralisation/