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:

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:

2m @ 0.63g/t Au from 32m

15m @ 1.76g/t Au from 101m

§ Including 1m @ 16.05g/t Au

4m @ 3.54g/t Au from 133m

§ Including 1m @ 13.05g/t Au

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



A map of a gold project AI-generated content may be incorrect.


Figure 1: Drillhole location plan with simplified geological interpretation.

A map of a gold project AI-generated content may be incorrect.

Figure 2: Cross-Section through MYARC0196

A map of a gold project AI-generated content may be incorrect.

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

Mila Resources Plc

 

info@milaresources.com

Jonathan Evans

Tavira Financial Limited

 

+44 (0) 20 7100 5100

Nick Emerson

SI Capital

 

+44 (0) 20 3143 0600

Damon Heath

Shard Capital Partners LLP

 

+44 (0) 20 3971 7000

Susie Geliher / Charlotte Page

St Brides Partners Limited

+44 (0) 20 7236 1177

 



 

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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