Golden Mile Resources (ASX:G88) said visible copper carbonate mineralization was intersected in multiple holes across two prospects in its Pearl Copper project in Arizona, US, according to a Friday Australian bourse filing.
Five of the seven holes drilled at the Odyssey Prospect and two of the three holes drilled at the Ford Prospect intersected visual copper mineralisation, the filing added.
The company expects assay results in the coming weeks.
The company's shares plunged 22% in recent Friday trade.