Golden Mile Resources Limited announced positive gold results from recently completed aircore drilling1 at its 100% owned Yuinmery Project, in the Murchison region of Western Australia. 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.

The Company previously announced the completion of an aircore drilling program comprising of 135-aircore holes for 2,271 m1. The drilling was completed to test the Elephant Reef, Ladies Patch and Hammerhead gold geochemical targets. The holes were sampled by compositing 4m intervals ("4m composites") and submitting them to the laboratory for multi-element analysis.

The Company has now received all the assay results from the submitted 4m composite samples. The results to date are positive with gold mineralization confirmed within a sequence of faulted mafic and ultramafic rocks, demonstrating a highly prospective gold setting. The best results include: YAC032: 4m @ 2.69 g/t gold from 16m.

YAC018: 4m @ 2.27 g/t gold from 4m. In addition to the above samples, there were also a number of anomalous results which require further follow. The Company considers 4m composite samples as indicative only for gold and that 1m resampling is required to determine width and grades definitively.

These latest drill results demonstrate that the Yuinmery geological setting is highly prospective for gold and that further follow up drilling is required at the Elephant Reef, Ladies Patch and Hammerhead geochemical targets. The results also provide confidence to carry out initial aircore drilling at the 9 remaining untested geochemical targets; YU001, YU002, YU004, YU005, YU006, YU008, YU009, YU011 and YU012 as well as the Poppy's Patch gold reef. Furthermore, from initial observations there appears to be correlation between gold mineralisation and structures mapped by detailed ground magnetic geophysical data, potentially providing the Company a tool for further targeting.