Business
Yarrol Project Update & Investor Presentation
Yarrol Project Update & Investor Presentation.
About this update from Mila Resources Plc
[{"type":"text","content":"\n\nMila Resources Plc / Index: LSE / Epic: MILA / Sector: Natural Resources\n \n 24 March 2025 \nMila Resources Plc\n('Mila' or the 'Company')\n \nYarrol Project Update:\nProgressing the Yarrol Target - Drill Programme Commencing in April\n \nMila Resources Plc (\"Mila\" or the \"Company\") is pleased to advise that it has now signed a drilling contract to commence drilling at the Yarrol Gold Project in SE Queensland (\"Yarrol\"), following the completion of all necessary permits.\n \nHighlights\n• All permitting now in place and drilling contract signed\n• Drill pads to be installed by end of month with drilling to commence in early April\n• 2,000m focussed on 2km stretch of 20km structure\n• Assays anticipated from mid Q2 2025\n \nThe Company plans to drill approximately 2,000m at Yarrol focussing on a 2km stretch of the Yarrol Fault, a gold-prospective structure that extends approximately 20km across the Yarrol tenement. The drilling campaign has been designed following the completion of a detailed ground magnetic survey, the integration of digitised historic data, and an extensive data interrogation process.\n \nDrilling contractors are now preparing to mobilise rigs by the end of this month with drill pads expected to be completed in the coming weeks. The Company have been advised that drilling is scheduled to commence in early April notwithstanding any adverse weather conditions that have recently affected the area. The Company expects to receive assay results in mid-Q2 2024.\n \nExploration Objectives\nThe Company is targeting key geological questions that will shape the future of the Yarrol Project, including:\n \n1. Expansion of Existing Gold Mineralisation: Assessing the potential for significant growth in the known gold resource, particularly the continuation of high-grade gold veins at depth below the historically drilled zone (~60m). Additionally, the team is investigating whether the existing low-grade gold halo has been underestimated due to assay methodology limitations. Alternati...