© 2019 Golden Mile Resources Ltd. 

Golden Mile Resources Gidgee Polymetallic Project is composed of two Exploration Licence applications (ELA 70/1039 & 1040) which cover over 400 square kilometres of prospective stratigraphy. These tenements host a number of prospects with the potential for gold, nickel, cobalt, copper and iron ore mineralisation. These tenements lie immediately to the west of the Gidgee Gold Mine.

GIDGEE POLYMETALLIC PROJECT

Figure G1 - Gidgee Location

Summary

The Gidgee Project is composed of two Exploration Licence applications and cover nearly 400 square kilometres, and over 40 km of strike, on the underexplored  and highly prospective, western margin of the Gum Creek Greenstone belt.  

The tenure lies adjacent, to the west, of the Gidgee Gold Mine (owned by a subsidiary of Panaoramic Resources, Figure G2) The project area hosts a number of prospects and targets across a diverse range of commodities, including:

  • Gold,

  • Nickel,

  • Cobalt,

  • Copper,

  • Zinc, and

  • Iron Ore.

These two tenements are presently moving through the grant process and there are no competing applications over the areas.

Potential

The Gidgee Project area has been held by various small exploration and mining company’s since the mid 1970’s. The focus of the previous work programs has been on the discovery of gold mineralisation, however base metals, including nickel, copper and zinc have also been the subject of exploration.

Exploration on the Gidgee Project will initially focus on a detailed review and compilation of the historical exploration data (which is comprehensive) into digital and GIS databases. This program will be undertaken in order to establish the following:

  • Coverage of the project area by modern exploration techniques, and

  • The effectiveness of this exploration in testing the tenement areas and any targets.

Golden Mile looks forward to updating shareholders on the exploration at Gidgee as the tenure moves towards grant.

 

 

Figure G2 - Gidgee tenement locations