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Yarrol Drilling Confirms Gold System Continuity
Mila Resources Plc has announced results from its maiden diamond drilling program at the Yarrol Gold Project, confirming gold-bearing structures from surface to approximately 230 metres depth with grades up to 6.8 g/t gold, though high-grade intercepts were less consistent at depth. The company is now focusing on shallow targets along strike across the Yarrol, Monal, and Mt Steadman licences, which represent the most compelling near-term opportunity. Mila Resources is fully funded and on track to commence RC drilling in Q1 2026, aiming to grow resources and advance potential production. Disclaimer*
About this update from Mila Resources Plc
[{"type":"text","content":"\n\nMila Resources Plc / Index: LSE / Epic: MILA / Sector: Natural Resources\n \n3 February 2026\nMila Resources Plc\n('Mila' or the 'Company')\n \nYarrol Diamond Drilling Confirms Gold System Continuity:\nCompany Fully Funded for Q1 Resource Growth Campaign\n \nMila Resources Plc, the mineral exploration company looking to accelerate the development of post-discovery assets, is pleased to provide results from its maiden diamond drilling (DD) programme at the Yarrol Gold Project in Queensland, Australia. The programme successfully demonstrated the continuity of gold-bearing structures, with intercepts of ~5g/t gold traced from surface to ~230 metres depth and provided critical insight into the structural architecture of the system. These results, which did not deliver the grades anticipated at depth, has allowed the technical team to further refine the Company's geological model for Yarrol.\n \nWhile depth extensions along the Yarrol Fault corridor warrant further work over the medium term, the most compelling and capital efficient near-term opportunity lies in testing shallow targets along strike across the Yarrol, Monal and Mt Steadman licences. The Company remains fully funded and on track to commence RC drilling at Yarrol in Q1 2026.\n \nOverview\n \n· Diamond drilling, chosen to define structure, has confirmed continuity of gold-bearing features from surface to ~300m depth, though high-grade intercepts were less consistent at depth than in shallow zones.\n· The programme successfully intercepted gold structures throughout the tested depth range and confirmed grades of up to 5 g/t gold at depth, validating the mineralised system's scale, however, mineralisation between 230m and 300m was lower grade and/or sporadic in holes MYDD207, MYDD208, MYD209 and MYDD210.\n· Hole MYDD205 confirmed northern extension to gold mineralisation beyond the historic resource area, building upon the earlier RC drilling.\n· The Gold-bearing structures have been confirmed to be continuous and repetitive along strike, increasing confidence in the scale of the system.\n· Mila will now pursue additional near surface targets alongside historical resources with the objective of generating multiple shallow (to a depth of 150m) prospec...