I've invested a few quid today in UK traded Mila Resources …

I've invested a few quid today in UK traded Mila Resources on the back of their RNS

Highest-grade gold intercept recorded on the project at 112g/t over 1m.

·      Drillholes confirm high grade mineralisation in southernmost positions drilled to date at Yarrol North Target.

·      The results also confirm extensions of shallow gold mineralisation further to the north and continuity of mineralisation to the west that was not included in the historic resource.

·      Further results from infill and step-out holes completed as part of the Q1 2026 programme are pending and will be reported in due course.

·      The programme is designed to build the dataset required for an initial JORC mineral resource estimate ("MRE").

·      Multi-element geochemical assays are being used to refine the Company's structural interpretation of the Yarrol system and to inform next-phase drill targeting.

·      Best intercepts from the three holes include:

·      4m @ 29.4g/t gold (Au) from 8m (MYARC0222)

o  including 1m @ 112g/t Au from 10m; and

o  1m @ 5g/t Au from 11m

·      9m @ 2.48g/t Au from 31m (MYARC0216)

o  including 1m @ 15.05g/t Au from 36m

·      7m @ 1.0g/t Au from 17m (MYARC0215)

o  including 1m @ 4.04g/t Au from 21m

 

Mark Stephenson, Executive Chairman, commented:

"We are delighted with these results with some notably high-grade results. Every intercept, no matter the size, is helping us build tonnage and tighten the geological picture.

 

"What is emerging is a pattern of repeating structures hosting high-grade shoots, suggesting a more continuous and robust mineralised system than was ever previously understood.  We are now moving beyond isolated results and toward the building a meaningful and economic gold resource in a proven gold district. Following our recent capital raise we will be continuing to fast track the development of this project."

Small MCAP, who knows they could keep finding Gold