Miramar Resources Hits Multiple High-Grades at Gidji JV

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) reported high-grade gold results from drilling completed in 2021 at the company’s 80 per cent-owned Gidji JV project in the Eastern Goldfields of Western Australia.

The drilling returned gold results from the Marylebone target that include four consecutive 50 metres-spaced holes across the centre of the eastern Marylebone trend:

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2 metres at 5.28 grams per tonne gold (52-54m);

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1m at 8.55g/t gold (55-56m);

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1m at 11g/t gold (55-56m); and

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12m at 0.3g/t gold (48-60m EOH), including 1m at 1.21g/t gold.

Miramar explained the new high-grade results are located between two earlier 200m-spaced lines with single holes that returned intersections of 1m at 3.62g/t gold and 1m at 2.65g/t gold.

The company maintains its belief in Gidji having potential for the discovery of multiple new gold deposits within its strategic 60 square kilometre land package located 15km north of Kalgoorlie.

“Gidji is in a fantastic location, with the right geology and structures, and a growing supergene gold footprint that indicates the potential for a significant bedrock gold source nearby,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Each aircore program we have completed at Gidji since listing has improved on the previous results and provided a better understanding of the project, and this program is no exception with multiple new high-grade gold results from Marylebone and our new Blackfriars target.

“The Gidji project provides Miramar with a unique greenfields gold discovery opportunity right on the doorstep of the richest patch of ground on earth, and we therefore look forward to continuing to uncover the huge potential opportunity at Gidji with systematic and methodical exploration.”

Miramar has commenced an aircore drilling program to infill the Blackfriars target to a drill spacing of 200m x 50m and test the Highway target for the first time.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au