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Golden Mile Resources Ltd (ASX:G88)

ALERT: Price-sensitive ASX Announcement for G88
Current share price for G88 : $0.006 -0.002 (-26.67%)+
Announcement
Release
23 Jul 2026 9:45AM
Price at Release
$0.008
Full Release
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Summary
Augustus Minerals has reported significant findings from their Minnie Springs Cu-Mo porphyry project in the Gascoyne Region of Australia. Recent exploration efforts, including RC drilling and reprocessing of historic geophysical data, have highlighted potential extensions of molybdenum-rich zones near the surface and opportunities for higher-grade copper and molybdenum zones at greater depths. Rock chip sampling and structural analysis suggest that mineralisation might have been remobilised along shear zones linked to the regional Minga Bar fault system. Further drilling, supported by EIS funding, is planned to explore these promising targets.
Key Points
  • Significant potential for Cu-Mo mineralisation identified at Minnie Springs.
  • Rock chip sampling indicates widespread Cu-Mo mineralisation.
  • Potential for near-surface Mo-rich zone extensions.
  • Cu mineralisation may be related to remobilisation by shear zones.
  • Future drilling is planned to test higher-grade zones at depth.
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.