Golden Mile Resources Limited announced on 03 July 2025 that its first-ever reverse circulation drilling campaign at the Pearl Copper Project in Arizona has intercepted promising mineralisation. The campaign, which consisted of ten RC holes drilled for a total of 1,186.3 meters across two key targets—the Odyssey and Ford prospects—revealed several multi-element intersections featuring copper, lead, zinc, and silver. At the Odyssey Prospect, drill hole PRC006, for example, returned 3.66 meters grading 2.42% copper, 1.25% zinc, and 94 g/t silver from a depth of 36.6 meters. Other holes such as PRC005 and PRC003 also registered significant intervals, with some intercepts highlighting high-grade copper and zinc mineralisation. Notably, these vein-type targets remain open down dip, suggesting the potential for further discoveries. At the Ford Prospect, a series of broad intercepts were reported, including a 19.51-meter segment in PRC008 showing 0.29% lead and 0.48% zinc from 56.1 meters, and a 59.74-meter interval in PRC010 reporting lower copper grades alongside higher lead values—with discrete segments registering concentrations up to 6.1% lead. The drilling here encountered extensive limonitic alteration zones and varying weathering profiles, with copper carbonate minerals such as malachite and azurite being observed. These findings indicate widespread base metal mineralisation within a geologically complex setting that aligns with historical mining areas previously active between 1915 and 1942. The announcement also outlined that the maiden drilling was completed on time and within budget, and that Golden Mile Resources Limited is planning further exploration activity over the next six months. Additional geochemical and geophysical surveys, as well as targeted mapping and sampling, are anticipated to better define both surficial and subsurface mineralisation. Furthermore, the Pearl Copper Project’s strategic location—only 80 kilometers south of major copper operations and adjacent to world-class historical mines—adds considerable promise to its future potential. The news evokes both bullish and bearish sentiments. On the bullish side, strong initial assay results, significant intercepts of multiple base metals, and a robust exploration plan provide considerable upside in supporting the prospect of a substantial mineralised system. However, caution is warranted given that some assays are pending re-analysis due to anomalously high readings attributed to visible copper carbonate minerals, and as with any early-stage project, technical and operational risks remain inherent. Overall, the announcement reinforces the positive exploration narrative while reminding investors of the typical uncertainties tied to junior mining ventures.