Miramar Resources Focusing on Gascoyne Exploration
THE DRILL SERGEANT: Miramar Resources (ASX: M2R) signalled its exploration focus for 2023 will centre on the company’s portfolio of projects located in Gascoyne region of Western Australia.
Miramar Resources has a number of 100 per cent-owned projects in the Gascoyne Mineral Province, which it considers prospective for a range of commodities including: iron oxide copper-gold (IOCG), REEs hosted in carbonatites and nickel-copper-PGEs associated with Proterozoic dolerite sills.
The company is eager to get out on its Whaleshark project where modelling and inversion of detailed gravity data collected during 2022 identified a discrete gravity anomaly within the neck of the Whaleshark granite which is cross-cut by a NW-trending structure interpreted from aeromagnetic data.
Miramar has received Program of Work approval for a drill program to test the gravity anomaly with 1-2 diamond holes and has also submitted an application to be considered for the current round of co-funded drilling under the WA government’s Exploration Incentive Scheme (EIS).
Drilling will commence following completion of a heritage survey over the proposed drill sites.
On the back of discoveries of several REE-bearing carbonatite intrusions by neighbouring companies, Miramar flew a detailed magnetic and radiometric survey over the Dooley Downs target in late 2022 that highlighted several radiometric anomalies.
Of these, the Eden Bore target stood out as a large circular magnetic anomaly at the contact between Edmund and Collier Basin rocks.
Miramar plans to test this target with systematic soil and/or auger sampling, followed by drilling.
“We have a number of fantastic discovery opportunities right across our project portfolio but the Gascoyne region has really heated up over the last 12-18 months,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.
“Now that we have completed regional-scale targeting on our granted projects, we are looking forward to focussing in on our more advanced targets this year.
“We’re excited about the potential at Whaleshark and/or Bangemall with a new IOCG, REE or nickle-copper-PGE discovery a real possibility at these project sites.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
