THE DRILL SERGEANT: Miramar Resources (ASX: M2R) continues to make solid exploration progress at the company’s 80 per cent-owned Gidji JV project in the Eastern Goldfields region of Western Australia.
Miramar Resources reported the commencement of a substantial 10,000 metres aircore drilling program at Gidji infilling existing drilling over the Marylebone target and testing for potential extensions on recently granted tenements to the northwest.
The aim of the current drilling is to help refine the Marylebone target before bedrock drill testing kicks off in the new year.
“Marylebone continues to grow with each drilling campaign, with the most significant results coming from the north-western end of the target which currently remains open,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.
“We therefore want to make sure we fully understand the size of the target when we commit to RC and/or diamond drilling in the new year.’
Miramar recently commissioned an extension to the previous ground magnetic survey over Marylebone, including on recently granted tenements to the northwest and southeast.
The new data received highlighted and helped refine the basement geology and structures within the Boorara Shear Zone to the northwest of the Marylebone target where the current drilling is taking place.
The survey also covered an area of subdued magnetics to the southeast of Marylebone, over The Jog target, and highlighted a surficial feature currently interpreted to represent a shallow channel filled with maghemite.
Further ground magnetic surveys will be conducted over the northern part of the Gidji JV project focussing on a four kilometres long underexplored segment of the Boorara Shear Zone.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE