Highest-ever Nickel Grades at Quicksilver
Spectacular Intersections of 28m at 2.34% Nickel & 0.109% Cobalt within the Resource Outline
including intercepts of up to 4.14% Ni and 0.421% Co
Golden Mile Resources Limited (“Golden Mile”; “the Company”; ASX: “G88”) is pleased to announce
that PQ diamond drilling for Stage 3 Metallurgical testwork on the 100% owned Quicksilver Nickel-
Cobalt deposit “Quicksilver” hasintersected very wide zones of high-grade nickel mineralisation within the existing Resource.
Highlights
• 23QDD008: 49m at 1.74% nickel (Ni), 0.071% cobalt (Co) from 30m
o Including 28m at 2.34% Ni & 0.109% Co from 32m depth, with intercepts up to 4.14% Ni
and 0.421% Co; and
o 5m @ 1.6% Ni & 0.026% Co from 73m depth
Other significant intersections include:
o 23QDD006: 61m @ 0.61% Ni from 20m depth, including 1m @ 1.22% Ni from 77m depth
o 23QDD002: 47m @ 0.74% Ni from 18m depth, including 3m @ 1.15% Ni from 54m depth
o 23QDD007: 29m @ 0.65% Ni from 20m depth, including 1m @ 1.25% Ni from 36m depth
o 23QDD003: 13m @ 0.76% Ni from 21m depth, including 1m @ 1.53% Ni from 23m depth
o 23QDD001: 4m @ 1.5% Ni from 29m depth
• Potential for direct transportation and shipping of high-grade zones of the orebody without beneficiation
• High-grade cobalt in 23QDD008 exhibits good nickel-cobalt ratios (~10:1)
• High-grade nickel and cobalt in the oxide zone might be an indication of potential
disseminated nickel mineralisation within the untested primary zone
• Hole 23QDD008 encountered the highest grade nickel and cobalt so far at Quicksilver
Golden Mile’s Managing Director Damon Dormer said
“These are spectacular intersections and the highest nickel grade we have ever encountered at Quicksilver.
The results indicate that we have a significantly higher-grade zone within the overall Resource with the potential of disseminated nickel mineralisation within the untested primary zone.
This may provide an opportunity for direct transportation and shipping of high-grade zones of the orebody to provide early cash flow while constructing the beneficiation plant and accelerating project timelines.”
