Golden Mile Resources Limited advised that a gold exploration program has commenced on the prospective Monarch Gold Trend within the Leonora East Project, located in the North-Eastern Goldfields of Western Australia. The company holds a number of prospective gold exploration projects in the Leonora area including Ironstone Well and Leonora East (Monarch and Benalla Gold Trends). G88 also holds the Minara Project which is prospective for nickel-cobalt mineralisation. The Monarch Gold Trend (`MGT') is located approximately 40 km to the northeast of Leonora. The MGT covers the eastern part of the Mertondale Shear Zone along a granite-greenstone contact that is interpreted to represents a poorly tested but extensive gold bearing structure extending over more than 15 km of strike. The MGT is adjacent to the Mertondale Project, where Kin Mining Limited have defined a total Indicated and Inferred gold resource of 11.6 Mt @ 1.4 g/t Au, for a contained 521,000 oz gold. The northern part of the MGT lies immediately to the east of the Redcliffe Project where NTM Gold Limited have recently identified new zones of gold mineralisation. Previous work by the Company has included mapping and prospecting which identified an extensive gold mineralised trend characterised by shearing and faulting and featuring high-grade gold and a large number of historical gold workings, most of which have not previously been recorded, surveyed or explored utilising modern exploration techniques. An evaluation of both the geophysical and geochemical data for the tenement area shows an extensive geological and geophysical target along the projected Monarch Gold Trend. The target is defined by a contact between greenstone rocks and granites. These contacts are known to be a highly prospective target through the region, with many of the gold deposits around Leonora and Laverton associated with this rheological contrast. Furthermore, an evaluation of the regional magnetic data shows a significant magnetic low associated with the granite-greenstone contact along the MGT. This may be indicative of a broad zone of alteration that might be found associated with a mineralized shear zone. These two inter- related features make the MGT a compelling target for further exploration by the Company. Historical exploration over parts of the MGT on the Company's ground includes prospecting, surface sampling, rock chip sampling and auger drilling, with limited RAB/RC drilling follow up on selected prospect areas. This work has identified numerous occurrences of gold mineralisation along the trend, emphasising its prospectivity. However, a significant part of the trend is either untested by modern exploration or has been affected by shallow transported cover. The Monarch Gold Trend has the potential to contain both shear hosted and lode style (quartz vein) gold deposits that are common in the Leonora region. Shear hosted golds tend to be higher tonnage ­ low to medium grade gold deposits similar to the deposits in the Mertondale Shear (e.g. the Mertondale 1,3, 4 and 5 open pits mined in the 1990's). Lode style or quartz vein hosted deposits typically contain high-grade gold mineralisation associated with discrete quartz veins. This style of mineralisation is clearly in evidence throughout the MGT with numerous artisanal historical workings including shafts, pits and costeans that date back to the 1900's through to the present day. Based on the known mineralisation within the MGT, the Company believes that there is potential for the discovery of a gold deposit with the size and grade required to support further development. An exploration program to test the trend has been prepared accordingly.