Golden Mile Resources Ltd. (AU:G88) has released an update.
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Golden Mile Resources Ltd. has acquired the promising Pearl Copper Project in Arizona, which boasts over 50 historic copper workings, proximity to major mines, and significant potential for high-grade copper-polymetallic mineralization with minimal previous modern exploration. The project is strategically located in the Laramide Porphyry Copper Belt, the most productive copper region in the US, responsible for 70% of the nation’s copper output. The company has agreed to terms with Outcrop Silver & Gold Corporation, aiming for up to 100% ownership with a planned $A12 million investment over eight years.
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