Miramar Resources Identifies Nickel Sulphide Targets at Gidji JV

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) informed the market of it has identified what it considers potential for nickel sulphide mineralisation within the company’s 80 per cent-owned Gidji JV project in the Eastern Goldfields of Western Australia.

Miramar Resources has been actively exploring at Gidji since listing on the ASX in October 2020 as it believes potential exists for discovery of one or more large gold deposits within its strategic 60 square kilometre land package located 15km north of Kalgoorlie.

The company has conducted a review of new and historic data over the Gidji JV project with a focus on the potential for nickel sulphide mineralisation.

This has shown the Gidji JV project contains approximately 10km of strike of various ultramafic units, including the ‘Highway Ultramafic’, which hosts the Scotia and Saints nickel sulphide deposits further to the north.

A cluster of highly anomalous nickel and copper results were identified where the magnetic signature of the Highway Ultramafic is strongest, which Miramar said may indicate the thickest part of the sequence.

The highest nickel and copper results also occur in an area of structural complexity where NE-trending faults crosscut the earlier stratigraphy.

“It’s well known that gold and nickel mineralisation occur in close proximity at many places within the Eastern Goldfields region,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Although the Highway Ultramafic hosts nickel sulphide deposits in at least two locations along the Boorara Shear/Bardoc Tectonic Zone, there has been minimal targeted nickel exploration at Gidji.

“The new nickel sulphide targets we have identified again confirm how underexplored the Gidji project is, not just for gold, but for other commodities as well.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

Web: www.miramarresources.com.au