REG - Mila Resources Plc - Drilling Campaign Update at Yarrol Gold Project

Mila ResourcesAnnouncement

Mon 07:00

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RNS Number : 3104G  Mila Resources PLC  28 April 2025

Mila Resources Plc / Index: LSE / Epic: MILA / Sector: Natural Resources

 

28 April 2025

 

Mila Resources Plc

('Mila' or the 'Company')

 

Drilling Campaign Update at Yarrol Gold Project

 

Mila Resources Plc (LSE: MILA), the gold and copper exploration company, is
pleased to announce that its drilling programme is progressing encouragingly
at the Yarrol Gold Project in Queensland, Australia.

 

As of 24 April 2025, three drillholes have been drilled in the southern area
of the licence targeting potential mineralised extensions beyond the historic
resource envelope. The Reverse Circulation ("RC") drill programme is designed
to test extensions to depth and along strike.  The use of RC drilling allows
for cost-efficient operations whilst delivering large sample volumes, critical
for accurately characterising the nuggety nature of gold mineralisation at
Yarrol.

 

The rig has now moved north to complete additional holes to test below the
known mineralisation and step out into previously untested parallel zones to
the historic resource envelope.

 

The Company has sent samples from the initial three holes to the independent
laboratory and now awaits the assay results which shall be reported in due
course.

 

The Company will update further as the drilling campaign progresses.

 

Mark Stephenson, Director of Mila Resources: "This initial campaign is the
start of a systematic approach to unlocking the Yarrol district. We believe
the historic work significantly underestimates the scale of the opportunity
here, not only in the high-grade veins, but in the broader halo of
mineralisation that could support commercial tonnage. The Yarrol deposit is
just the start of a much larger trend that we are only just starting to
evaluate. We expect to receive assay results in the coming weeks and progress
drilling, and I look forward to reporting these when appropriate."

 

**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

 

 

Figure 1. Image of drill rigs and team setting up at the first drill pad of
the campaign.

 

 

 

 

 

 

 

 

 

Figure 2. RC Chips in 1m composite, laid out on sheet for logging and not for
sampling. Brown representing oxidised upper meters, transitioning into fresh,
grey material. Samples in image are representative of the 1m composite used
for physical observations being the presents of sulphides, quartz or general
changes in rock type.

 

Figure 3. Quartz chips containing fine and disseminated sulphides of
Chalcopyrite and Pyrite.

 

 

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