Mila Resources PLC (LSE:MILA) has mobilised its project team on site, and is preparing to recommence drilling at its Kathleen Valley gold project in Western Australia.
Kathleen Valley is located in a region that hosts some of the largest gold projects in Australia, including the adjacent, high-grade Bellevue gold project and the Wiluna mine 60km to the north.
Initial drilling has confirmed consistent, high-grade mineralisation and Mila is now focussed on expanding this to define a sizeable gold-silver resource.
The company has set out a first stage JORC exploration target of between 145,000 and 280,000 ounces, following the interpretation of down-hole electro magnetic surveys.
This initial footprint will be drill tested before further step out work is conducted to test the full extent of the system.
On the completion of drilling, Mila has the right to purchase a further 25% interest in the Kathleen Valley.
“We have so far only drilled circa 1,750m and we have identified consistent and exceptionally high-grade mineralisation, so we are incredibly excited to resume on-site activity and see what a further ~11,000m worth of drilling will generate,” said Mark Stephenson, executive chairman of Mila.
"We are dedicating most of the drilling programme to the Coffey deposit given we have already established an impressive maiden resource from just 12 drill holes, with significant expansion potential. Our focus is to further test the known mineralisation at the target, building upon the impressive 10 metre zone with +10 grams per tonne gold result we announced in December 2021, and then conduct step out work to test the full extent of the system. Alongside this we will look at new targets in the northern area of the licence, which have the potential to significantly expand the resource footprint of the Project as zones of highly anomalous gold grades have been identified.”
Kathleen Valley is located on the Wiluna-Norseman gold belt in Western Australia, which is among the most prolific gold regions in Australia. It hosts several tier-one mining companies.
The project currently has an initial JORC Inferred resource of 21,000 ounces of gold.