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Mila Resources PLC on Tuesday confirmed that its stage two drilling programme has begun at the Kathleen Valley gold project.
Mila is a London-based gold company focused on Australia.
Diamond core drilling started at the flagship Coffey deposit on 6th September after a three-week delay due to earthmoving contractor availability.
The first stage of drilling defined mineralisation over a zone 200 metres long, 220 metres down dip and ranging from two metres to ten metres in true thickness.
The new phase of drilling will include an initial 2,000 metres and will see the company attempt to build a significant commercial resource.
The project is located in a region that hosts some of the largest gold projects in Australia, including the high-grade Bellevue gold project.
Executive Chair Mark Stephenson commented: ‘Coffey has revealed some truly exceptional results from previous drilling so we are moving forward now with high hopes, and a decent degree of confidence, of some more interesting commercial widths and grades from this priority target at our Kathleen Valley project.’
Shares in Mila were trading 6.4% higher at 3.24 pence each in London on Tuesday afternoon.
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