Miramar Resources Identifies Multiple New IOCG Targets at Whaleshark

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has identified multiple new targets it considers prospective for iron oxide copper-gold (IOCG) mineralisation at the company’s 100 per cent-owned Whaleshark project in Western Australia.

Miramar Resources carried out remodelling of geophysical data at the Whaleshark project of aircore drilling conducted in 2022 that intersected geochemical anomalism and alteration suggestive of IOCG mineralisation.

Further EIS co-funded diamond drilling completed in 2023 intersected chalcopyrite in two holes, including within an iron-rich NW-trending structure cross-cutting the granodiorite.

The company explained the new modelling had identified several new targets with overlapping gravity and magnetic anomalies, which it said was a key signature of many large IOCG deposits.

“At Whaleshark, we have strongly anomalous copper, gold and other IOCG pathfinders, IOCG-style alteration and copper sulphide mineralisation associated with iron-rich rocks,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“A key advantage of exploration at Whaleshark is that the prospective basement rocks are much shallower than in other IOCG provinces, such as the Stuart Shelf in South Australia.”

Miramar is examining methods to refine and prioritise various the bedrock IOCG targets at Whaleshark before further drilling, including completion of infill gravity surveys and conducting ground and/or airborne magnetotelluric (MT) surveys.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE