Mila Resources (LSE:MILA), a gold and copper exploration company focused on Australia, has begun its first induced polarisation (IP) geophysical survey at the Monal Gold-Copper Project in Queensland.
The survey is designed to detect geophysical signatures associated with porphyry-style mineralisation, including so-called "porphyry finger" targets, and builds on geological mapping, grab sampling and soil geochemistry work already completed at the site.
Initial work is focused on the Child's target in the eastern portion of Monal, situated directly along strike from the historic Boggy Creek resource area.
Further IP coverage is planned across the broader Monal West target corridor, encompassing the Rough Gully, Jazza and Basilica prospects.
The company said integrating the new geophysical data with existing geological and geochemical datasets is expected to sharpen target definition ahead of future drilling campaigns.
"This IP survey will provide a critical layer of information that will allow us to refine our geological model and prioritise the most prospective targets for drilling," said Executive Chairman Mark Stephenson.
Monal is at an earlier stage than Mila's Yarrol Gold Project, which Stephenson described as the company's primary focus to date, though he said Monal has "the prospect of becoming another standalone project" as exploration risk is reduced.
Results from the IP survey are expected to be reported in due course.
