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Golden Mile Resources Ltd (ASX:G88)

ALERT: Price-sensitive ASX Announcement for G88
Current share price for G88 : $0.008 -0.002 (-20%)+
Announcement
Release
13 Oct 2025 8:23AM
Price at Release
$0.010
Full Release
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Summary
Patronus Resources Ltd (ASX: PTN) reported promising results from a follow-up Reverse Circulation drilling program at the Guppy prospect, part of its Cardinia Gold Project in Western Australia. The results confirm the presence of significant gold mineralisation, with notable intercepts such as 13m at 2.12g/t Au and 5m at 1.80g/t Au. The Guppy prospect, which is part of a joint venture with Golden Mile Resources (ASX: G88), reveals over 1km of untested strike potential. The mineralisation is found within a shear zone in dolerite, and further drilling is planned for early 2026 to explore this potential more thoroughly.
Key Points
  • Follow-up Reverse Circulation (RC) drilling confirms significant gold mineralisation at Guppy prospect.
  • Significant intercepts include 13m @ 2.12g/t Au from 105m in GU25RC002 and 5m @ 1.80g/t Au from 74m in GU25RC001.
  • Guppy is part of the Golden Mile Resources (ASX: G88) JV.
  • Over 1km of untested strike potential identified at Guppy.
  • Guppy's mineralisation occurs within a north-northeast striking shear zone hosted in dolerite.
  • Follow-up drilling is planned for early 2026.
  • The Guppy prospect is located 5 km south of the Cardinia East Resource.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.