Historic Pearl Copper Project Shows Depth Potential, Assays Pending
Golden Mile Resources has completed its first drilling campaign at the Pearl Copper Project in Arizona, intersecting visible copper mineralisation at two key prospects for the first time since 1942. Assay results are pending, but early signs point to promising multi-element potential.
- Maiden drilling campaign completed at Pearl Copper Project, Arizona
- Visible copper mineralisation intersected in 7 of 10 drill holes
- First drilling at Odyssey and Ford prospects since mining ceased in 1942
- Ten reverse circulation holes drilled totaling 1,186 metres
- Assay results awaited to confirm grade and multi-element potential
Historic Ground Revisited
Golden Mile Resources Limited (ASX, G88) has marked a significant milestone with the completion of its maiden drilling program at the Pearl Copper Project in Arizona, USA. This campaign represents the first drilling at the Odyssey and Ford prospects since historic mining operations ceased over 80 years ago. The project sits within the prolific Laramide Porphyry Copper Province, a region renowned for its copper endowment and proximity to major deposits like BHP’s San Manuel-Kalamazoo mine.
Visible Copper Mineralisation Confirmed
The company drilled ten reverse circulation holes totaling 1,186 metres, with visible copper carbonate minerals such as malachite, azurite, and chrysocolla observed in seven holes across both prospects. At Odyssey, five of seven holes intersected copper mineralisation, while two of three holes at Ford showed similar results. Notably, some intersections were found beneath historic mining voids, suggesting mineralisation extends at depth beyond previously exploited zones.
Encouraging Early Signs Ahead of Assays
While visual identification of copper minerals is an encouraging indicator, Golden Mile is awaiting laboratory assay results to quantify the grade and assess the presence of other valuable elements. Previous rock chip sampling at Odyssey had returned high-grade values including copper up to 15.2%, zinc to 24.8%, and silver reaching 930 grams per tonne, underscoring the potential for multi-element mineralisation.
Strategic Location and Next Steps
Situated in a Tier 1 mining jurisdiction with excellent infrastructure and skilled workforce access, the Pearl Project offers a compelling exploration opportunity. Golden Mile plans to follow up with geophysical surveys and further drilling to delineate the extent of mineralisation and advance the project towards resource definition. The company’s Managing Director, Damon Dormer, highlighted the successful execution of the program within budget and expressed optimism about the forthcoming assay results.
A New Chapter for Pearl Copper
This maiden drilling campaign has laid the groundwork for what could be a significant copper discovery in a historically productive district. As Golden Mile awaits assay data, the market will be watching closely to see if these early visual signs translate into economically viable mineralisation that can support future development.
Bottom Line?
Golden Mile’s maiden drilling has reignited interest in the Pearl Copper Project, with assay results set to define the next phase of exploration.
Questions in the middle?
- What grades and widths will the pending assay results reveal across the Odyssey and Ford prospects?
- How extensive is the multi-element mineralisation beyond visible copper carbonates?
- What are Golden Mile’s plans and timelines for follow-up drilling and resource estimation?
