Miramar Resources Ground EM Surveys Outline Multiple Bangemall Drill Targets
THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has identified multiple drill targets at the company’s 100 per cent-owned Mount Vernon and Trouble Bore projects in the Gascoyne region of Western Australia.
Miramar Resources made the identification via ground electromagnetic (EM) surveys comprising a mixture of Fixed Loop (FLTEM) and Moving Loop (MLEM) methods that tested five airborne EM anomalies within the Mount Vernon and Trouble Bore projects.
The company said the survey confirmed and refined each of the airborne EM anomalies and outlined large shallow conductive drill targets consistent with its Norilsk-style nickel-copper-cobalt-PGE deposit model.
“The company is excited about the district-scale opportunity evolving within the Bangemall projects and we look forward to the maiden drilling campaign,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.
“Whilst many nickel producers are under pressure at the moment, mafic intrusion-hosted deposits such as Nova and Nebo Babel can be large and very valuable, due to the mix of metals present, which makes them immune to short-term fluctuations in the nickel price.
“At Mount Vernon and Trouble Bore, we are seeing all the ingredients needed for the formation of this type of deposit.
“We have nickel and copper-bearing dolerite sills intruding into sulphidic sediments, evidence of differentiation, including mafic cumulate rocks, and indications of accumulations of conductive sulphides within and/or beneath the sills.”
Miramar explained its initial aim is to show ‘proof of concept’ of its Norilsk-style deposit model by discovering nickel-copper-cobalt-PGE sulphide mineralisation.
This has been its objective over the past 24 months as it has progressed from regional-scale area selection to collection of project-scale datasets and, more recently, to delineation of individual drill targets.
Upcoming work is to include systematic rock chip sampling and preparation for the initial drilling campaign.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE