THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has kicked off its exploration aspirations with commencement of its first drilling campaign at the company’s 80 per cent-owned Gidji JV project north of Kalgoorlie.
Miramar Resources has commenced aircore drilling on the Gidji JV, the initial focus of which will be on testing the potential for extensions to the 314,000-ounce Runway gold deposit located immediately south of the project’s southern tenement boundary.
Miramar cited historic KCGM reports, it said shows the Runway deposit to include a higher-grade oxide component above the deeper primary mineralisation.
The initial aircore drilling program aims to test the potential for the oxide mineralisation to continue onto Miramar’s tenements, and, by inference, the potential existence of the deeper primary mineralisation.
The initial program will be followed up with further aircore, along with deeper RC/diamond drilling.
“We believe the Runway deposit only stops at our tenement boundary due to a lack of effective drilling,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.
“The strike length of the existing Runway deposit is only about 400 metres and we currently have a similar gap between the tenement boundary and the first line of effective drilling on our ground.
“If we can replicate what KCGM discovered at Runway, we could be well on our way to our first development opportunity.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE