REG - Mila Resources Plc - Au Continuity Confirmed Outside Historic Resource
05/06/2025 07:00
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RNS Number : 4878L Mila Resources PLC 05 June 2025
Mila Resources Plc / Index: LSE / Epic: MILA / Sector: Natural Resources
5 June 2025
Mila Resources Plc
('Mila' or the 'Company')
Gold Continuity Confirmed Outside Historic Resource at Yarrol
Mila Resources Plc (LSE: MILA), the gold exploration company, is pleased to
announce the results from two additional holes from the Phase 1 drilling
programme at the Yarrol Gold Project in Queensland, Australia. These results
bring the total reported to four holes out of ten drilled in the current
campaign.
The programme is designed to test extensions at depth and along strike of the
historic resource envelope in the southern area of the licence, as well as to
investigate mineralisation below known intercepts and step out into previously
untested parallel zones in the northern area of the licence.
The results from holes 3 and 4 continue to build on the initial success at
Yarrol (Table 1 and Appendix 1), with these latest intercepts delivering
higher grades than historically reported neighbouring holes. The latest
results have confirmed multiple mineralised zones and importantly have
intercepted mineralisation outside the historical drilled area reinforcing the
potential for resource growth at depth (Figures 2 and 3).
Highlights
· MYARC0196 Intercepted:
o 16m @ 1.83g/t Au from 87m
§ including 5m @ 2.68g/t Au which contains 1m @ 7.17g/t Au
§ and including 5m @ 2.53g/t Au
· MYARC0204 intercepted:
o 2m @ 0.63g/t Au from 32m
o 15m @ 1.76g/t Au from 101m
§ Including 1m @ 16.05g/t Au
o 4m @ 3.54g/t Au from 133m
§ Including 1m @ 13.05g/t Au
o 6m @ 1.19g/t Au from 152m
§ Including 1m @ 2.01g/t Au
Cut-off grade of 0.3g/t Au and 2m internal dilution applied to intercepts.
These results follow the two holes previously announced (21 May 2025) and mark
four holes out of ten drilled to date (Figure 1 and Table 2), with assays for
the remaining six holes still pending.
The programme has already met several key objectives:
1. High-grade mineralisation has been intersected in the core of the
Yarrol deposit, with observations of quartz veining and sulphide rich zones,
associated with high grade gold, giving the team further confidence to focus
on structural controls as a key vectoring tool for resource growth.
2. Historical wide intercepts are being replicated, providing further
validation of the inherited data, including regional scout holes, and
supporting the geological model of continuity of mineralisation both along
strike and down dip.
3. Gold mineralisation, including high-grade zones, continues at depth
beyond historical drilling, extending the known system and demonstrating clear
growth potential down-dip.
The team look forward to receiving further results from the six remaining
holes, building into the emerging picture of geological continuity.
Mark Stephenson, Executive Director of Mila Resources, commented:
"These results are a major win, as they continue to demonstrate the strength
and scale of the Yarrol system. With only four holes reported to date, we are
already seeing clear evidence that the mineralisation is continuous and
extends beyond the footprint of historical drilling. The intercepts confirm
that the core of the system hosts high-grade material, and that continuity at
depth is real. With six more holes still to come, we are encouraged by what
we're seeing and are confident in Yarrol's potential to deliver a much larger
gold system."
Next Steps
The remaining six holes are currently at the laboratory, with results expected
over the coming weeks. Once all assays are received, the Company will look to
incorporate these into an updated geological interpretation and begin defining
next-phase exploration targets aimed at expanding the mineralised envelope
along the Yarrol fault, a 20km long feature.
About the Yarrol Gold Project
The Yarrol Project is located in the highly prospective Yarrol Province in
Queensland, an emerging gold district host to several known mineralised
systems. Mila's initial focus has been on drilling beneath and along strike
from historic shallow gold intercepts. The ongoing drill programme is designed
to test the continuity, grade, and scale of the gold system, with a view to
defining a maiden JORC resource in due course.
Table 1: Significant Intersections
Hole ID Width From To Au g/t
MYARC0195 2m 100m 102m 1.00
1m 117m 118m 5.19
2m 126m 128m 6.44
MYARC0196 16m 69m 85m 1.83
incl 5m 69m 74m 2.68
which incl's 1m 70m 71m 7.17
incl 5m 76m 81m 2.53
MYARC0197 11m 11m 22m 2.91
incl 1m 11m 12m 16.45
1m 32m 33m 39.10
17m 42m 59m 5.47
incl 1m 42m 43m 9.25
and incl 8m 51m 59m 9.76
which incl's 1m 54m 55m 47.40
MYARC0204 15m 101m 116m 1.76
incl 1m 109m 110m 16.05
4m 133m 137m 3.54
incl 1m 133m 134m 13.05
6m 152m 158m 1.19
MYARC0198 Results pending
MYARC0199 Results pending
MYARC0200 Results pending
MYARC0201 Results pending
MYARC0202 Results pending
MYARC0203 Results pending
Cut-off grade of 0.3g/t Au and 2m internal dilution applied to intercepts.
See Appendix 1 for full table of results.
Table 2: Drill hole collar details
Hole ID Type Depth Dip Azimuth East North RL
MGA94 MGA94 MGA
MYARC0195 RC 198 -60 332 334192 7233867 286
MYARC0196 RC 150 -60 340 334095 7233815 271
MYARC0197 RC 150 -60 300 334469 7234825 271
MYARC0198 RC 162 -60 300 334493 7234676 304
MYARC0199 RC 200 -60 300 334492 7234725 306
MYARC0200 RC 210 -60 300 334531 7234804 311
MYARC0201 RC 200 -60 300 334507 7234843 306
MYARC0202 RC 216 -60 280 334418 7235132 313
MYARC0203 RC 168 -60 300 334450 7235106 303
MYARC0204 RC 216 -60 280 334492 7235058 299
TOTAL 1870m
Figure 1: Drillhole location plan with simplified geological interpretation.
Figure 2: Cross-Section through MYARC0196
Figure 3: Cross-Section through MYARC0204
Competent Person Statement
The information in this announcement relating to Exploration Results is based
on information compiled by Neil Hutchison, who is Technical Director of Mila
Resources, and a member of The Australasian Institute of Geoscientists. Mr
Hutchison has sufficient experience relevant to the style of mineralisation
and type of deposit under consideration, and to the activity he is undertaking
to qualify as a Competent Person as defined in the 2012 Edition of the
"Australasian Code for Reporting of Exploration Results, Mineral Resource and
Ore Reserves".
**ENDS**
For more information visit www.milaresources.com or contact:
Mark Stephenson info@milaresources.com
Mila Resources Plc
Jonathan Evans +44 (0) 20 7100 5100
Tavira Financial Limited
Nick Emerson +44 (0) 20 3143 0600
SI Capital
Damon Heath +44 (0) 20 3971 7000
Shard Capital Partners LLP
Susie Geliher / Charlotte Page +44 (0) 20 7236 1177
St Brides Partners Limited
Appendix 1: Complete assay intervals of mineralised zones with Significant
Intersection Calculations and high-grade assays highlighted.
DRILLHOLE_ID SAMPLE ID FROM-m TO-m Au ppm WIDTH-m @ GRADE Au g/t Including
MYARC0196 872691 59.00 60.00 0.03
MYARC0196 872692 60.00 61.00 0.07
MYARC0196 872693 61.00 62.00 0.03
MYARC0196 872694 62.00 63.00 0.07
MYARC0196 872695 63.00 64.00 0.02
MYARC0196 872696 64.00 65.00 0.11
MYARC0196 872697 65.00 66.00 0.04
MYARC0196 872698 66.00 67.00 0.04
MYARC0196 872699 67.00 68.00 0.07
MYARC0196 872701 68.00 69.00 0.23
MYARC0196 872702 69.00 70.00 1.10 16.00 @ 1.83
MYARC0196 872703 70.00 71.00 7.17 5.00 @ 2.68 incl
MYARC0196 872704 71.00 72.00 0.86
MYARC0196 872705 72.00 73.00 3.07
MYARC0196 872706 73.00 74.00 1.22
MYARC0196 872707 74.00 75.00 0.50
MYARC0196 872708 75.00 76.00 0.25
MYARC0196 872709 76.00 77.00 1.65 5.00 @ 2.53 incl
MYARC0196 872710 77.00 78.00 4.32
MYARC0196 872711 78.00 79.00 2.55
MYARC0196 872712 79.00 80.00 1.90
MYARC0196 872713 80.00 81.00 2.22
MYARC0196 872714 81.00 82.00 0.86
MYARC0196 872715 82.00 83.00 0.70
MYARC0196 872716 83.00 84.00 0.21
MYARC0196 872717 84.00 85.00 0.73
MYARC0196 872718 85.00 86.00 0.08
MYARC0196 872719 86.00 87.00 0.17
MYARC0196 872720 87.00 88.00 0.04
MYARC0196 872721 88.00 89.00 0.03
MYARC0196 872722 89.00 90.00 0.02
MYARC0196 872723 90.00 91.00 0.01
MYARC0196 872724 91.00 92.00 0.02
MYARC0196 872725 92.00 93.00 0.05
MYARC0196 872726 93.00 94.00 0.09
MYARC0196 872727 94.00 95.00 0.05
MYARC0196 872728 95.00 96.00 0.04
MYARC0196 872729 96.00 97.00 0.03
MYARC0196 872731 97.00 98.00 0.01
MYARC0196 872732 98.00 99.00 0.03
MYARC0196 872733 99.00 100.00 0.02
MYARC0196 872734 100.00 101.00 0.03
MYARC0196 872735 101.00 102.00 0.02
MYARC0196 872736 102.00 103.00 0.01
MYARC0196 872737 103.00 104.00 0.01
MYARC0196 872738 104.00 105.00 0.01
MYARC0196 872739 105.00 106.00 0.01
MYARC0196 872740 106.00 107.00 0.01
MYARC0196 872741 107.00 108.00 0.01
MYARC0196 872742 108.00 109.00 0.01
MYARC0196 872743 109.00 110.00 0.01
MYARC0204 873907 0.00 1.00 0.07
MYARC0204 873908 1.00 2.00 0.05
MYARC0204 873909 2.00 3.00 0.04
MYARC0204 873910 3.00 4.00 0.03
MYARC0204 873911 4.00 5.00 0.02
MYARC0204 873912 5.00 6.00 0.02
MYARC0204 873913 6.00 7.00 0.02
MYARC0204 873914 7.00 8.00 0.01
MYARC0204 873915 8.00 9.00 0.02
DRILLHOLE_ID SAMPLE ID FROM-m TO-m Au ppm WIDTH-m @ GRADE Au g/t Including
MYARC0204 873916 9.00 10.00 0.01
MYARC0204 873917 10.00 11.00 0.47 1 @ 0.47
MYARC0204 873918 11.00 12.00 0.25
MYARC0204 873919 12.00 13.00 0.04
MYARC0204 873920 13.00 14.00 0.07
MYARC0204 873921 14.00 15.00 0.1
MYARC0204 873922 15.00 16.00 0.01
MYARC0204 873923 16.00 17.00 0.02
MYARC0204 873924 17.00 18.00 0.02
MYARC0204 873925 18.00 19.00 0.02
MYARC0204 873926 19.00 20.00 0.02
MYARC0204 873927 20.00 21.00 0.01
MYARC0204 873928 21.00 22.00 0.02
MYARC0204 873929 22.00 23.00 0.09
MYARC0204 873931 23.00 24.00 0.03
MYARC0204 873932 24.00 25.00 0.02
MYARC0204 873933 25.00 26.00 0.03
MYARC0204 873934 26.00 27.00 0.02
MYARC0204 873935 27.00 28.00 0.17
MYARC0204 873936 28.00 29.00 0.03
MYARC0204 873937 29.00 30.00 0.01
MYARC0204 873938 30.00 31.00 0.04
MYARC0204 873939 31.00 32.00 0.03
MYARC0204 873940 32.00 33.00 0.84 2 @ 0.63
MYARC0204 873941 33.00 34.00 0.41
MYARC0204 873942 34.00 35.00 0.06
MYARC0204 873943 35.00 36.00 0.02
MYARC0204 873944 36.00 37.00 0.04
MYARC0204 873945 37.00 38.00 0.05
MYARC0204 873946 38.00 39.00 0.03
MYARC0204 873947 39.00 40.00 0.1
MYARC0204 873948 40.00 41.00 0.03
MYARC0204 873949 41.00 42.00 -0.01
MYARC0204 873950 42.00 43.00 0.02
MYARC0204 873951 43.00 44.00 0.01
MYARC0204 873952 44.00 45.00 0.01
MYARC0204 873953 45.00 46.00 0.01
MYARC0204 873954 46.00 47.00 0.01
MYARC0204 873955 47.00 48.00 0.02
MYARC0204 873956 48.00 49.00 0.03
MYARC0204 873957 49.00 50.00 0.03
MYARC0204 873958 50.00 51.00 0.04
MYARC0204 873959 51.00 52.00 0.05
MYARC0204 873961 52.00 53.00 0.02
MYARC0204 873962 53.00 54.00 0.02
MYARC0204 873963 54.00 55.00 0.01
MYARC0204 873964 55.00 56.00 0.01
MYARC0204 873965 56.00 57.00 0.01
MYARC0204 873966 57.00 58.00 0.02
MYARC0204 873967 58.00 59.00 0.02
MYARC0204 873968 59.00 60.00 0.02
MYARC0204 873969 60.00 61.00 0.02
MYARC0204 873970 61.00 62.00 0.03
MYARC0204 873971 62.00 63.00 0.02
MYARC0204 873972 63.00 64.00 0.03
MYARC0204 873973 64.00 65.00 0.01
MYARC0204 873974 65.00 66.00 0.02
MYARC0204 873975 66.00 67.00 0.01
MYARC0204 873976 67.00 68.00 0.01
MYARC0204 873977 68.00 69.00 0.01
MYARC0204 873978 69.00 70.00 0.02
MYARC0204 873979 70.00 71.00 0.02
MYARC0204 873980 71.00 72.00 0.01
DRILLHOLE_ID SAMPLE ID FROM-m TO-m Au ppm WIDTH-m @ GRADE Au g/t Including
MYARC0204 873981 72.00 73.00 -0.01
MYARC0204 873982 73.00 74.00 0.01
MYARC0204 873983 74.00 75.00 0.01
MYARC0204 873984 75.00 76.00 0.02
MYARC0204 873985 76.00 77.00 0.02
MYARC0204 873986 77.00 78.00 0.02
MYARC0204 873987 78.00 79.00 0.01
MYARC0204 873988 79.00 80.00 0.01
MYARC0204 873989 80.00 81.00 0.01
MYARC0204 873991 81.00 82.00 0.03
MYARC0204 873992 82.00 83.00 0.03
MYARC0204 873993 83.00 84.00 0.01
MYARC0204 873994 84.00 85.00 0.12
MYARC0204 873995 85.00 86.00 0.01
MYARC0204 873996 86.00 87.00 -0.01
MYARC0204 873997 87.00 88.00 0.01
MYARC0204 873998 88.00 89.00 0.02
MYARC0204 873999 89.00 90.00 0.07
MYARC0204 874000 90.00 91.00 0.02
MYARC0204 874001 91.00 92.00 0.03
MYARC0204 874002 92.00 93.00 0.17
MYARC0204 874003 93.00 94.00 0.03
MYARC0204 874004 94.00 95.00 0.01
MYARC0204 874005 95.00 96.00 0.01
MYARC0204 874006 96.00 97.00 0.01
MYARC0204 874007 97.00 98.00 0.15
MYARC0204 874008 98.00 99.00 0.06
MYARC0204 874009 99.00 100.00 0.23
MYARC0204 874010 100.00 101.00 0.21
MYARC0204 874011 101.00 102.00 0.95 15.00 @ 1.76
MYARC0204 874012 102.00 103.00 1.71
MYARC0204 874013 103.00 104.00 0.71
MYARC0204 874014 104.00 105.00 0.33
MYARC0204 874015 105.00 106.00 0.28
MYARC0204 874016 106.00 107.00 0.36
MYARC0204 874017 107.00 108.00 0.25
MYARC0204 874018 108.00 109.00 0.38
MYARC0204 874019 109.00 110.00 16.05 1.00 @ 16.05 incl
MYARC0204 874021 110.00 111.00 1.52
MYARC0204 874022 111.00 112.00 0.33
MYARC0204 874023 112.00 113.00 0.23
MYARC0204 874024 113.00 114.00 1.45
MYARC0204 874025 114.00 115.00 0.66
MYARC0204 874026 115.00 116.00 1.19
MYARC0204 874027 116.00 117.00 0.28
MYARC0204 874028 117.00 118.00 0.19
MYARC0204 874029 118.00 119.00 0.22
MYARC0204 874030 119.00 120.00 1.1 4.00 @ 0.66
MYARC0204 874031 120.00 121.00 0.48
MYARC0204 874032 121.00 122.00 0.12
MYARC0204 874033 122.00 123.00 0.94
MYARC0204 874034 123.00 124.00 0.14
MYARC0204 874035 124.00 125.00 0.29
MYARC0204 874036 125.00 126.00 0.03
MYARC0204 874037 126.00 127.00 0.05
MYARC0204 874038 127.00 128.00 0.04
MYARC0204 874039 128.00 129.00 0.02
MYARC0204 874040 129.00 130.00 0.03
MYARC0204 874041 130.00 131.00 0.02
MYARC0204 874042 131.00 132.00 0.01
DRILLHOLE_ID SAMPLE ID FROM-m TO-m Au ppm WIDTH-m @ GRADE Au g/t Including
MYARC0204 874043 132.00 133.00 0.2 4 @ 3.54
MYARC0204 874044 133.00 134.00 13.05 1 @ 13.05 incl
MYARC0204 874045 134.00 135.00 0.38
MYARC0204 874046 135.00 136.00 0.27
MYARC0204 874047 136.00 137.00 0.47
MYARC0204 874048 137.00 138.00 0.1
MYARC0204 874049 138.00 139.00 0.13
MYARC0204 874051 139.00 140.00 0.07
MYARC0204 874052 140.00 141.00 0.03
MYARC0204 874053 141.00 142.00 0.11
MYARC0204 874054 142.00 143.00 0.09
MYARC0204 874055 143.00 144.00 0.04
MYARC0204 874056 144.00 145.00 0.04
MYARC0204 874057 145.00 146.00 0.07
MYARC0204 874058 146.00 147.00 0.03
MYARC0204 874059 147.00 148.00 0.05
MYARC0204 874060 148.00 149.00 0.16
MYARC0204 874061 149.00 150.00 0.03
MYARC0204 874062 150.00 151.00 0.02
MYARC0204 874063 151.00 152.00 0.05
MYARC0204 874064 152.00 153.00 1.20 6 @ 1.19
MYARC0204 874065 153.00 154.00 1.23
MYARC0204 874066 154.00 155.00 0.82
MYARC0204 874067 155.00 156.00 0.90
MYARC0204 874068 156.00 157.00 0.97
MYARC0204 874069 157.00 158.00 2.01
MYARC0204 874070 158.00 159.00 0.12
MYARC0204 874071 159.00 160.00 0.18
MYARC0204 874072 160.00 161.00 0.08
MYARC0204 874073 161.00 162.00 0.01
MYARC0204 874074 162.00 163.00 0.26
MYARC0204 874075 163.00 164.00 0.04
MYARC0204 874076 164.00 165.00 0.01
MYARC0204 874077 165.00 166.00 0.02
MYARC0204 874078 166.00 167.00 0.02
MYARC0204 874079 167.00 168.00 0.02
MYARC0204 EXP539665 168.00 170.00 0.02
MYARC0204 EXP539666 170.00 172.00 0.02
MYARC0204 EXP539667 172.00 174.00 0.01
MYARC0204 EXP539668 174.00 176.00 0.48
MYARC0204 EXP539669 176.00 178.00 0.19
MYARC0204 EXP539670 178.00 180.00 0.02
MYARC0204 EXP539671 180.00 182.00 0.02
MYARC0204 EXP539672 182.00 184.00 0.02
MYARC0204 EXP539673 184.00 186.00 0.01
MYARC0204 EXP539674 186.00 188.00 0.23
MYARC0204 EXP539675 188.00 190.00 0.02
MYARC0204 EXP539676 190.00 192.00 0.14
MYARC0204 EXP539677 192.00 194.00 0.32
MYARC0204 EXP539678 194.00 196.00 0.16
MYARC0204 EXP539679 196.00 198.00 0.01
MYARC0204 EXP539680 198.00 200.00 0.03
MYARC0204 EXP539681 200.00 202.00 0.04
MYARC0204 EXP539682 202.00 204.00 0.02
MYARC0204 EXP539683 204.00 206.00 0.18
MYARC0204 EXP539684 206.00 208.00 0.03
MYARC0204 EXP539685 208.00 210.00 0.01
MYARC0204 EXP539686 210.00 212.00 0.02
MYARC0204 EXP539687 212.00 214.00 0.03
MYARC0204 EXP539688 214.00 216.00 0.01
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