Miramar Resources Confirms Chain Pool Project Sedex Mineralisation

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has outlined a 700m long anomaly displaying Sedimentary Exhalative (SEDEX) characteristics at the company’s Chain Pool project in the Gascoyne region of Western Australia.

Miramar Resources identified the anomaly via soil sampling at the Joy Helen prospect within the Chain Pool project.

The company declared the anomaly exhibits similarities to known Sedimentary Exhalative lead-zinc-silver deposits such as the high-grade Lady Loretta deposit in Queensland.

Miramar explained the Chain Pool project is located close to a major global-scale geological feature which is also known to host all large SEDEX base metal deposits in Australia.

“We originally pegged the Chain Pool Project due to the presence of mapped Durlacher Supersuite granite, which is the same unit that hosts the Yangibana and YIN rare earth deposits, but we quickly realised the potential for other deposit types,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Our initial rock chip sampling confirmed the historic high-grade mineralisation at Joy Helen and now, the results of our recent soil sampling have almost doubled the potential strike length of the prospect.

“Significantly, recent data collected at Chain Pool compares favourably with published data from known SEDEX deposits.

“We look forward to systematically progressing the opportunity at Chain Pool.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE