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LONDON - Mila Resources Plc (LSE:MILA) reported results from six drill holes completed in the first phase of exploration at its Yarrol Gold Project, showing multiple gold intercepts that confirm the continuity of mineralization.
The drilling results revealed several significant gold intersections, including 17 meters at 1.05 grams per ton (g/t) gold from 101 meters in hole MYARC0199, 9 meters at 1.08 g/t gold from 69 meters and 8 meters at 1.65 g/t gold from 131 meters in hole MYARC0200.
The company’s initial 10-hole reverse circulation drilling program, totaling 1,870 meters, was designed to confirm historical gold intercepts, test extensions of known mineralization, and develop a geological model for future targeting.
According to the company, every hole in the program returned consistent gold mineralization, supporting the presence of a large, structurally controlled system. The results showed multiple mineralized zones within individual holes, which the company described as "a hallmark of high-density gold systems."
Following these results, Mila Resources is advancing updated structural modeling and planning a diamond drilling program to further define controls on mineralization. The company stated it is now financed to complete this work following a recent fundraise.
Mark Stephenson, Executive Director of Mila Resources, said in the press release: "The Yarrol system is holding together exceptionally well the more we drill, the more it grows. These latest results confirm strong continuity and high-grade zones, pointing to the scale and quality of the system."
The company is commissioning a specialist resource geology team to complete a comprehensive review of the existing dataset, with the objective of progressing Yarrol towards a maiden JORC-compliant resource.
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