Miramar Resources Intersects High-Grade and Visible Gold at Glandore

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) hit shallow high-grade gold mineralisation, including coarse visible gold with the first diamond drill hole at the company’s 100 per cent-owned Glandore project east of Kalgoorlie in Western Australia.

Miramar Resources followed up historic drilling at the Glandore East target that had previously intersected high-grade gold mineralisation.

The company’s first diamond hole at Glandore intersected four zones of gold mineralisation, including coarse visible gold in a quartz vein within a felsic porphyry.

Drilling encountered difficulties at the contact between the base of lake sediments and the weathered basement resulting in some core loss in the upper part of the hole.

It was decided to terminate the hole at 78.66 metres after testing the interpreted position of the two high-grade veins seen in the historic drilling.

Results achieved included:

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2 metres at 2.45 grams per tonne gold 32m, (includes 0.46m interval of lost core);
1.3m at 3.34g/t gold from 47m (followed by 0.3m interval of lost core);
0.7m at 13.85g/t gold from 65.98m (includes coarse visible gold); and
0.8m at 3.58g/t gold from 71.2m.

Miramar said combining the historic drilling with the new results it has been able to confirm the continuity of westerly-dipping gold mineralisation for approximately 100m down-dip, with two of the mineralised structures remaining open at depth on this section, reinforcing the company’s view that Glandore East could host a swag of high-grade gold mineralisation.

“We believe there is potential for multiple NNE-trending high-grade veins at Glandore East, as well as substantial supergene mineralisation, and we are off to a good start with the first hole,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“The previous diamond drilling was sporadic, and it appears the strike and/or dip extent of these interpreted structures has not been effectively tested.”

Drilling is to continue to test the Glandore East target with multiple diamond holes over a strike length of approximately 500m.

 

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Web: www.miramarresources.com.au