Business
DC Drilling Underway at Kathleen Valley
DC Drilling Underway at Kathleen Valley.
About this update from Mila Resources Plc
[{"type":"text","content":"\n \n \n \n \n \n Mila Resources Plc / Index: LSE / Epic: MILA / Sector: Natural Resources\n \n \n \n \n \n 6\n September 2022\n \n \n \n Mila Resources Plc\n \n \n \n \n ('Mila' or the 'Company')\n \n \n \n \n \n \n \n \n \n Diamond Core Drilling Underway at Kathleen Valley Gold Project\n \n \n \n \n \n \n \n \n Mila Resources Plc (LSE:MILA), the post-discovery gold exploration accelerator, is pleased to confirm that its Stage 2 drilling programme has now commenced at the Kathleen Valley Gold Project in Western Australia ('Kathleen Valley' or the 'Project') as part of its ongoing ~13,500m programme. \n \n \n \n \n \n \n Overview\n \n \n \n ·\n Diamond Core Drilling commenced on 6 September at the flagship Coffey Deposit ('Coffey'), following a successful Stage 1 programme which defined mineralisation over a zone 200m long, 220m down dip and ranging from 2m to 10m in true thickness\n \n \n ·\n Stage 1 results from Coffey include 6.6m at almost 15 grams gold and 22 grams silver, 10m at 8.38 grams gold and almost 14 grams silver\n \n \n ·\n This new phase of drilling will include an initial 2,000m and will aim to build on the success of the Stage 1 results as Mila looks to build a significant commercial resource at the Project\n \n \n ·\n The Project is located in a region that hosts some of the largest gold projects in Australia, including the adjacent, high-grade Bellevue Gold Project, and the gold producing Wiluna Mining\n located ~60km to the north\n \n \n ·\n Earthworks and drill site preparation is now complete, following a delay of approximately three weeks due to earthmoving contractor availability, and the drill rig is setup with coring of hole KVDD0035 now underway\n \n \n ·\n Essential preventative maintenance was completed on the drill rig during this period to ensure a solid performance throughout the campaign\n \n \n ·\n Regular updates will be posted as drilling continues\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Drill Rig setup on site at diamond core hole KVDD0035.\n \n \n \n \n \n \n \n \n Mark Stephenson, Executive Chairman o...