Miramar Resources Gets EIS Co-Funded Drilling Underway at Bangemall

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has kicked off its first drilling campaign within the company’s 100 per cent-owned Bangemall project in the Gascoyne region of Western Australia.

Miramar Resources explained the initial RC drilling campaign is co-funded through the WA government’s Exploration Incentive Scheme (EIS) and will test several airborne +/- ground EM anomalies identified at Mount Vernon and Trouble Bore via the company’s earlier exploration efforts.

Miramar declared itself as being the first explorer to specifically target Norilsk-style mafic intrusion-hosted nickel, copper, cobalt and platinum group element (PGE) mineralisation within WA’s Capricorn Orogen.

“Mafic intrusion-hosted magmatic nickel-copper-cobalt-PGE deposits are some of the largest and most valuable metal deposits in the world, remaining profitable at low nickel prices and therefore worth exploring for, even in the current depressed nickel market,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“The Edmund and Collier Basins are recognised by the GSWA, Geoscience Australia and the CSIRO as displaying all the key ingredients for Norilsk-style mineralisation: major deep crustal-scale structures, Warakurna-age dolerite sills and extensive sulphide and/or sulphate-rich sedimentary units.

“In addition to providing financial assistance, the EIS funding is further endorsement of the merits of Miramar’s geological model and targeting to date.

“We’ve spent the last three years gathering data and developing these targets, so we’re excited to be commencing our maiden drill campaign and testing our concepts.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE