G88 – Golden Mile Resources

After bottoming out at 45c just before Christmas, Golden Mile Resources is now recovering with most of the gains having been achieved this week.

This morning the company announced that Moving Loop Electro-Magnetic survey at the Quicksilver nickel-cobalt project has highlighted four anomalies that warrant further testing. One of the anomalies in particular is considered to be “category one” and is recommended for immediate drill testing due to the strong and consistent nature of the geophysical response.

G88 is up 11c so far today to 78.5c, a gain of 16.30%. With about 2.4 million shares having changed hands today, volume is higher than it has been since early December. There’s quite a bit of optimism surrounding Golden Mile Resources at the moment due to the potential for a sizeable nickel and cobalt deposit to be defined by upcoming drilling.


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