Golden Mile Resources Limited announced that drilling has commenced at the Company's 100% owned Yuinmery Project. The Yuinmery Project is situated in the Youanmi Gold Mining District, approximately 10km east of the Youanmi Gold Mine, in the Murchison region of Western Australia. Recently there has been several significant gold discoveries within the Youanmi district which include Rox Resources Ltd.'s Youanmi Gold project and Ramelius Resources Ltd.'s high grade Penny West project.

These deposits occur within secondary structures that originate from the primary Youanmi fault zone, a large mantle tapping structure which marks the boundary between the Murchison and Southern Cross domains. The Company believes the Youanmi fault zone is a major gold fluid pathway, and that gold mineralisation is formed when these gold fluids make it into favourable structural and lithological trap sites created by the interplay of the Youanmi fault zone and the secondary structures that splay off it ("splay faults"). The Company's Yuinmery Project contains approximately 9km strike length of the Yuinmery fault, a major northwest trending structure that is interconnected to the Youanmi fault and may also be a major gold fluid pathway.

Within the project area the Yuinmery fault and its associated secondary faults are also located within lithologies that have the potential to form favourable structural and lithological trap sites for gold mineralisation similar to what is observed at Youanmi and Penny West gold projects. Limited historical RAB drilling further highlights the prospectivity of the primary Yuinmery fault with intersections including 5m @ 1.49g/t Au from 0m and 5m @ 0.28 g/t Au from 5m (94YMR078), 3m @ 1.33g/t Au from 0m (94YMR077), 3m @ 1.03g/t Au from 3m (94YMR161), 5m @ 1.02g/t Au from 2m (93YMR026). The historical RAB drilling is generally shallow with average hole depths 20m (maximum 59m) with no follow up RC or diamond drilling reported.

Interpretation of historical and Golden Mile's soil sampling by the Company's geochemical consultant identified 15 gold-in-soil geochemical targets for further work2. The Company is going to test three of these areas in the proposed drilling; Ladies Patch, Elephant Reef, and Hammerhead. Ladies Patch gold target is an 2km gold-in-soil anomaly associated within greenstone stratigraphy associated with an aeromagnetic structural target.

Results from historical shallow (average 20m) RAB that partly tested the target in the early 1990's (on traverses 200m apart) confirmed gold mineralisation within the structural setting. Results included 5m @ 1.49g/t Au from 0m & 5m @ 0.28 g/t Au from 5m (94YMR078), 3m @ 1.33g/t Au from 0m (94YMR077), 3m @ 1.03g/t Au from 3m (94YMR161) and 5m @ 1.02g/t Au from 2m (93YMR026). Elephant Reef target is a north-trending gold in soils anomaly 800 m x 600 m associated with an aeromantic structural target adjacent to the Yuinmery fault zone.

There is no historical drilling and the vendor prospector reported 115 oz gold recovered from quartz vein and 94 oz alluvial gold recovered from adjacent drainage channels. Hammerhead gold target is a large (1.5km x 800m) gold-in-soil anomaly associated with granite intrusion into mafic and ultramafic rocks. Results from historical shallow RAB that partly tested the target in the early 1990's confirms the setting is prospective for gold with the best result of 3m @ 1.03 g/t gold from 3m (hole ended in mineralisation).

The Company has planned an initial 139-hole aircore drill programme to test these gold targets. The holes will be mostly to blade refusal to test the in-situ oxide and bottom of oxidation. Testing the remaining gold-in-soil geochemical targets will be planned once the assay results of this drilling are received so that any follow-up is incorporated into the next drilling programme.