Miramar Resources Anticipates High-Grade Copper, Lead, and Silver from Gascoyne Project

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) returned home from an initial reconnaissance field trip to the company’s new Chain Pool project, in the Gascoyne region of Western Australia.

Miramar Resources was keen to announce it had achieved high-grade copper, lead and silver results from Joy Helen prospect from sampling completed during the reconnaissance field trip.

Samples collected by the company from around the Joy Helen prospect returned results including:

CP003
5.49 per cent copper, 42.0 per cent lead and 73.48 grams per tonne silver; and

CP002
5.43 per cent copper, 36.7 per cent lead, 36g/t silver and 0.27 per cent zinc.

The Joy Helen occurrence is located approximately 275km northeast of Carnarvon in the Gascoyne region of Western Australia and contains historic workings and costeans over a strike length of approximately 400 metres.

There has been no modern and/or systematic exploration of this prospect apart from historic drilling completed in the 1960s that intersected lead and copper mineralisation, including 1.5m at 13.7 per cent lead and 1.6 per cent copper, however the locations of the drill holes were not recorded.

Miramar considers there to be potential for various commodities and deposit types within the company’s Gascoyne region projects despite them having been under-explored previously.

“For example, there has not been any modern and/or systematic exploration or drilling at the Joy Helen prospect despite the presence of high-grade base metal mineralisation,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“We look forward to getting this tenement granted and uncovering the potential of the project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE