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MILA

-5.26%
GOOD

Mila Resources Advances Yarrol Gold Project with Positive Drilling Results

Why we think this is good

The RNS provides positive updates on the exploration program at Mila Resources' Yarrol Gold Project, including consistent gold mineralization across the drilling campaign, step-out holes that extend known zones, and high-grade intercepts. These results demonstrate the potential scale and quality of the deposit. The company is now well-financed to advance the project towards a maiden resource, which is a positive development.

Key Points

  • Consistent gold mineralization across all drill holes
  • Step-out holes extend known zones along strike and at depth
  • Multiple high-grade intercepts support presence of valuable high-grade shoots
  • Company advancing structural modelling and planning diamond drilling program
  • Recently completed fundraise provides financing to advance the project

Summary

The exploration company has reported positive drilling results from its Yarrol Gold Project, indicating the potential for a significant gold deposit. The company is now financed to progress the project towards a maiden resource.

Mila Resources has reported positive results from the initial drilling program at its Yarrol Gold Project, with consistent gold mineralization across the campaign and multiple high-grade intercepts. The results reinforce the continuity and potential of the Yarrol mineralised system, prove further continuity of mineralised structures at depth, and validate historic intercepts. The company is now advancing updated structural modelling and planning a diamond drilling program to further define the controls on mineralisation and drive Yarrol towards a maiden JORC-compliant resource. Following a recent fundraise, the company is now financed to complete this work.

Key Dates

31 December 2025
Planned completion of maiden JORC-compliant resource
GENERAL UPDATE