---
title: "Mila Resources Defines Strong Copper-Gold Drill Targets at Monal"
publisher: "Share Talk"
author: "sharetalk"
published: "2026-08-20T09:52:31+00:00"
modified: "2026-08-20T09:52:31+00:00"
date: 2026-08-20
canonical: "https://www.share-talk.com/mila-resources-defines-strong-copper-gold-drill-targets-at-monal/"
category: "Mining"
categories: ["Mining"]
tags: ["Australia", "Mark Stephenson", "MILA", "Mila Resources", "Monal Copper-Gold Project", "Neil Hutchison", "Queensland", "south-eastern Queensland", "Yarrol Gold Project"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/08/3d45e361-b263-4483-84b7-2ef027a90272.png?fit=1725%2C912&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# Mila Resources Defines Strong Copper-Gold Drill Targets at Monal

**Published:** August 20, 2026
**Author:** sharetalk
**Categories:** Mining
**Tags:** Australia, Mark Stephenson, MILA, Mila Resources, Monal Copper-Gold Project, Neil Hutchison, Queensland, south-eastern Queensland, Yarrol Gold Project
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/08/3d45e361-b263-4483-84b7-2ef027a90272.png?fit=1725%2C912&quality=80&ssl=1)

---

**Mila Resources Plc (LON: MILA)** has reported highly encouraging induced polarisation survey results from its **100%-owned Monal Copper-Gold Project in south-eastern Queensland**, strengthening the case for future drilling.

At the **Basilica prospect**, three IP lines identified a clear target at around **200 to 300 metres depth**, where a chargeability halo surrounds a deeper resistivity low that becomes increasingly conductive with depth. Mila interprets this as a potential sulphide-bearing zone around an altered porphyry core.

Surface sampling directly above the anomaly has returned grades of up to **0.72g/t gold, 1.77% copper and 51g/t silver**, from quartz veins containing visible chalcopyrite and pyrite. Historic work in the same area reported rock-chip grades of up to 2% copper and 2.34g/t gold.

A second target at the **Childs prospect** also displayed porphyry-like characteristics, with a compact ring-shaped chargeability anomaly coinciding with a resistivity low and nearby historic copper-gold-molybdenum geochemistry.

Childs lies around **10km north-northeast of the Mount Cannindah deposit**, which hosts a JORC resource of 14.5 million tonnes grading 1.09% copper equivalent.

Executive Director **Mark Stephenson** said the combination of geophysics and surface geochemistry had significantly strengthened Mila’s view that Monal could contain **multiple previously undefined near-surface porphyry systems**.

The company now intends to advance the targets towards drilling.

---

**Original URL:** https://www.share-talk.com/mila-resources-defines-strong-copper-gold-drill-targets-at-monal/
*Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*