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LONDON - Mila Resources Plc (LSE:MILA), a company specializing in post-discovery gold exploration, has announced an updated corporate presentation now available on its website. The presentation, which outlines the company’s exploration strategy and recent drill results at the Yarrol Gold Project in Queensland, Australia, will be featured in a webinar hosted by Stock Box Media today.
Executive Chairman Mark Stephenson will discuss the Yarrol Gold Project’s latest findings, emphasizing the system’s significance and the company’s plan for future exploration. The Yarrol Gold Project has been identified as a site with considerable potential, previously yielding a non-JORC resource estimate of approximately 100,000 ounces of gold at a grade of 1.5 grams per tonne at shallow depths.
The presentation also highlights the Queensland Portfolio, where Mila has options to acquire three properties with historic workings and significant underexplored potential. The region is known for its mining heritage and hosts several notable gold and copper mines, including the Cracow Gold Mine and Mount Morgan.
Mila’s exploration campaigns in 2022 and 2023 at the Kathleen Valley Portfolio in Western Australia have produced promising gold intercepts. The company is now focusing on expanding the project’s scale, particularly in the northern areas where new geological insights are emerging.
Additionally, the Kathleen Valley Portfolio is strategically located in proximity to major lithium production, with surface mapping indicating the continuation of the lithium system onto Mila’s property.
This development comes at a time when the price of gold has significantly increased, providing a more favorable economic environment for gold exploration companies. The information presented in the webinar is based on a press release statement from Mila Resources Plc.
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