The latest update is out from Mila Resources ( (GB:MILA) ).
Mila Resources Plc has announced the commencement of a drilling program at its Yarrol Gold Project in Southeast Queensland, following the acquisition of all necessary permits. The company plans to drill approximately 2,000 meters focusing on a 2km stretch of the Yarrol Fault, with the aim of expanding existing gold mineralization and refining geological models to enhance exploration efficiency. The drilling is set to begin in early April, with assay results expected by mid-Q2 2025. This initiative is expected to significantly impact the company’s operations by potentially increasing the known gold resource and improving exploration strategies, thus positioning Mila Resources more favorably in the natural resources sector.
More about Mila Resources
Mila Resources Plc operates in the natural resources sector, focusing on gold exploration and development. The company is primarily engaged in advancing its Yarrol Gold Project in Southeast Queensland, Australia, which is a significant gold-prospective site.
YTD Price Performance: -28.57%
Average Trading Volume: 7,560,837
Technical Sentiment Signal: Buy
Current Market Cap: £1.35M
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