Mila Resources Confirms Gold Continuity Outside Historic Resource at Yarrol
Why we think this is neutral
This RNS announcement provides an update on the exploration and drilling results at the Yarrol Gold Project. While the results indicate the potential for resource growth, the announcement does not contain any of the mandatory news types specified, such as contract news, order news, trading update, or annual results. Therefore, a neutral sentiment score is appropriate.
Key Points
- Gold continuity confirmed outside historic resource at Yarrol
- High-grade mineralisation intercepted in the core of the Yarrol deposit
- Historical wide intercepts replicated, providing further validation of the geological model
- Gold mineralisation, including high-grade zones, continues at depth beyond historical drilling
Summary
Mila Resources Plc (LSE: MILA), the gold exploration company, has announced the results from two additional holes from the Phase 1 drilling programme at the Yarrol Gold Project in Queensland, Australia. The results have confirmed multiple mineralised zones and intercepted mineralisation outside the historical drilled area, reinforcing the potential for resource growth at depth. The company is encouraged by the findings and looks forward to receiving further results from the remaining six holes to build on the emerging picture of geological continuity.