YUINMERY GOLD PROJECT
The Yuinmery Gold Project was acquired by Golden Mile Resources in late 2019. Recent prospecting on the ground has discovered a number of large gold nuggets from previously unknown mineralised quartz veins, suggesting potential for high-grade mineralisation similar to that reported at the Penny West gold deposit and at the historical Youanmi Gold Mine.
The Yuinmery Gold Project is comprised of a single exploration licence, in the North Eastern Goldfields of Western Australia. The Project is located approximately 10 km from the Youanmi Gold Mine and 80 km from the town of Sandstone and the area is easily accessible from the Paynes Find – Sandstone road, and then via pastoral station access tracks.
The Yuinmery Gold Project is located in the Youanmi Gold Mining District in Western Australia, near high-grade drilling intersections made by Spectrum Metals Limited (ASX:SPX) at the Penny West/North Gold Project, and by Venus Metals Corporation Limited (ASX:VMC) and Rox Metals Limited (ASX:RXL) at the historical Youanmi Mine and Currans North project.
The Yuinmery Gold Project has historically been held by various small exploration companies. However the area has only been the subject of a limited exploration program, with little meaningful drill testing.
Covering more than 20 km strike length of major structures, the Yuinmery Gold Project has the potential to host a significant high-grade gold deposit. Recently, the tenement has been held by prospectors, who have recovered alluvial gold and large gold nuggets from previously unknown near-surface decomposed quartz veins, indicating that high-grade occurrences exist in the area.
The exciting discoveries made by the prospectors includes a number of gold-rich quartz reefs and alluvial gold occurrences. These quartz reefs were found by traditional prospecting methods and have only been exploited by shallow excavations. Alluvial nuggets have been recovered by surface metal detecting. None of the known occurrences have been drill tested.
The ongoing exploration program over the Yuinmery includes:
Detailed compilation of the historical exploration and mining data for the region
Analysis of the existing exploration data
Planning of infill & extensional surface sampling
Ground geophysical surveys
Drill testing of geochemical and geophysical anomalies.