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Incredible
Neil Hutchison, Chief Geologist of Mila Resources, commented:
"I am lost for words! The assay results from the first five diamond core holes have surpassed my expectations. We knew the core would deliver strong results based on the visual observations of the sulphide mineralisation and the Bellevue-Style veins we had intersected. In addition, we received great results from the RC drilling assays indicating the potential of this mineralised system, but to intersect 6.6m at almost 15 grams gold and 22 grams silver is remarkable. This zone includes 1m at 27.6 grams gold and 47.5 grams silver, which is the highest assay result we have received back from all of the drilling at Coffey to date.
"This deposit is really starting to take shape and from the observations in the recently completed drill holes, it only gets better. It's a massive achievement by the onsite personnel from Geolithic, DrillCore and PetriCore, who have all delivered such high-quality work over a short three-month period. We are all excited to commence with the Stage 2 & 3 drilling campaigns, which will chase this highly mineralised system at depth and along strike. These next stages of drilling will potentially further expand the mineralisation, growing the deposit in size and grade."
Exceptional, well done the Mila Team !
I’ve never heard “I am lost for words” in an RNS before! Wow!!
And there is going to be more Assay results to follow closely beyond these ones!
Exceptional Assays:
Better Than Expected Grades at Kathleen Valley's Coffey Deposit
Mila Resources, the post-discovery gold exploration accelerator, is pleased to announce assay results returned from the Company's 2022 diamond drilling programme at the Kathleen Valley Gold Project in Western Australia ("Kathleen Valley" or the "Project"). The objective of the drill programme is to build on the existing JORC Inferred Resource and unlock the full potential of the project, which is located in a region which hosts some of the largest gold projects in Australia and which is adjacent to Bellevue Gold's discoveries.
Highlights
· Assays for first five of the 11 diamond core holes have been received (Table 1) delivering exceptional results
· KVRD026 - 6.6m @ 14.86 g/t Au & 21.79 g/t Ag from 209.40m including:
o 5m @ 18.94 g/t Au & 28.08 g/t Ag from 210m which includes:
§ 1m @ 27.60 g/t Au & 47.50 g/t Ag from 211m, the highest grades returned to date
· KVRD025 - 5m @ 4.26 g/t Au & 13.35 g/t Ag from 198m including:
o 3m @ 6.90 g/t Au & 21.62 g/t Ag from 200m which includes a high-grade zone comprising:
§ 1m @ 13.45 g/t Au & 37.70 g/t Ag from 202m
· KVRD027 - 10m @ 1.11 g/t Au & 4.35 g/t Ag from 205m including:
o 6m @ 2.26 g/t Au & 7.03 g/t Ag from 219m which includes a high-grade zone comprising:
§ 1m @ 4.49 g/t Au & 18.40 g/t Ag from 224m
Are we expecting the next assays to report on the full 40 hole programe?
Just been reviewing the first 11 holes.
· First assays following 11 completed drill holes (1,755.9m)
· 10m @ 8.38g/t Au, 13.96g/t Ag & 0.89% Zn returned in KVRC019 from 165-175m including;
o 1m @ 11.08g/t Au, 19.48g/t Ag & 3.09% Zn
o 1m @ 14.61g/t Au, 20.17g/t Ag & 2.92% Zn
o 1m @ 11.28g/t Au, 33.48g/t Ag & 0.11% Zn
· 3m @ 3.79g/t Au in KVRC022 from 107-110m
· 13m @ 1.11g/t Au, 3.28g/t Ag & 0.48% Zn in KVRC018 from 121-134m including;
o 1m @ 2.98g/t Au, 11.94g/t Ag & 2.01% Zn
· 1m @ 14.73g/t Au & 2.43g/t Ag in KVRC016 from 104-105m
· 4m @ 1.79g/t Au & 1.91g/t Ag in KVRC015 from 92-96m
Holding strong next stop 6p...
ATB
Cracking day 6% of the company shares changed hands roll on those assay results
4.6 p is a bag for me .. just wish I bought more :)
Seems like i was not too off regarding pre news price(could be even higher)..lets see how it goes after the news..Hope for the best...
Couldn't agree more Torino.
It is rare to read an RNS as positive sounding as that read.
I had to jump in
Yesterday’s rns was almost as good as it gets, they are telling you it’s very significant with results in the near future. Next door to the massive Bellevue, this company has a lot going for it.
It’s incredible really and it will be interesting to see price action tomorrow and the coming sessions up to assay results.
When everything is being so likened to Bellevue, when you consider the potential in play here, it’s amazing that it is so cheap. But for how long will that last, cannot be for long, probably until assay results and then the facts will be there for all to see.
Quite an astonishing project.
Time to sit on hands as this will be an epic journey with many multi bags from here over the coming months and years.
GLA
Mila Resources Tweet, 3 hrs ago:
"Following 1st stage drilling...
Screen shot: The Coffee Deposit has all the HALLMARKS of a VERY SIGNIFICANT FIND and I, and the operational team on site are optimistic for the assay results which we aare expecting to receive from the lab in the near future. - Mark Stephenson, CEO."
https://twitter.com/MilaResources/status/1516824012885610500
---
The hallmarks were in the RNS today, Wed, 20 Apr 2022 relating to the strike, depth and the description of the mineralisation +the critical core PICS.
For those that are pure exploration investors etc, they are cognisant what hallmarks to note from the RNS given that this will not be the 1st time they have come across such RNS's and descriptions.
DYOR.
SP 4.4/4.5p.
Outstanding. Due anytime. It’s in the RNS.
How long before we get assay results?
Let's see what the assay results are. Hard facts.
10+ BAGGER given its piers surrounding plays. BIG push into close. see this at 10p at next news. Buy and hold for BIG gold. Tiny MCAP.
you need to do with this stock:
Buy your stake, sit and your hands, and wait.
Buys almost double the sells yet they are trying to take it down :(
ABOUT TO TAKE OFF.. Similar story to GGP in its early days. Surrounded by multi $Billion gold plays. Once news get round be lucky to get in sub 5p. GLA
Now that is what you call a positive sounding RNS
Wow! just WOW~!