Kalkine: Golden Mile’s Copper Breakthrough in Arizona Ignites Investor Buzz in ASX200 Space

June 06, 2025 06:04 PM AEST | By Team Kalkine Media

Kalkine: Golden Mile’s Copper Breakthrough in Arizona Ignites Investor Buzz in ASX200 Space — Image source: Shutterstock

Copper Discovery at High-Potential Prospects

The campaign involved ten reverse circulation (RC) drill holes, totaling 1,186 metres, and targeted two historic and high-priority prospects — Odyssey and Ford. Encouragingly, visible copper carbonate mineralisation, including malachite and azurite, was intersected in five of the seven holes drilled at Odyssey and in two of the three holes at Ford.

This development is especially notable as it represents the first drilling activity in the area since mining operations ceased in 1942. The intersection of copper mineralisation indicates untapped potential, reinforced by historical high-grade rock chip data. These results point to a broader opportunity for multi-element mineralisation, which could hold long-term significance for Golden Mile’s asset base and strategic growth.

Forward Exploration Plans

Golden Mile has already set the stage for the next phase of exploration. With assay results expected in the coming weeks, the company is planning further work, including geophysical surveys and additional drilling to build on these early successes. This momentum aligns with rising interest in resource-sector explorers, especially those with exposure to battery metals and copper, amid broader market dynamics tied to electrification and decarbonisation trends.

The company’s latest activity adds to the diversity within the resource-rich segment of the ASX200 index, which includes a wide range of exploration and production companies with growth potential.

Broader Market Relevance

Golden Mile’s ongoing developments not only highlight its individual progress but also echo broader investor interest in emerging copper plays. For income-focused investors, it’s worth noting how exploration-stage stories like this fit within a portfolio that may also include more established ASX dividend stocks, offering a blend of growth and yield.

The successful execution of this drilling campaign — carried out within budget and after a detailed permitting process — signals the company’s operational discipline and potential for long-term exploration value. As results from the assays come in, the market will be watching closely to see whether the visible mineralisation can translate into robust grades and resource definition.

Golden Mile Resources (G88) appears to be carving a new pathway into the US copper space, adding another layer to its growth story within the competitive landscape of ASX-listed resource explorers.

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