THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has added uranium to the suite of commodities it is chasing within the company’s 100 per cent-owned Bangemall projects, in the Gascoyne region of Western Australia.
Miramar Resources reported identification of numerous large uranium targets within the Bangemall project area.
The targets emerged via regional radiometric data the company said to show multiple large and high-amplitude uranium anomalies that stretch over at least 100 kilometres of strike and across several of Miramar’s tenements.
Miramar has defined a 60-kilometre-long uranium anomaly within the Cheyne Springs target towards the northern edge of the Edmund Basin, at the contact with the older Ashburton Basin rocks.
The company explained the large radiometric anomaly has been virtually unexplored except for a few wide-spaced historic rock chip samples.
Miramar is now working towards grant of the tenement applications at Cheyne Springs, and the adjacent Blue Bar target.
“Our Bangemall landholding has potential for multiple commodities and deposit types,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.
“Proterozoic orogens throughout Australia and worldwide host many large base and precious metal deposits, and we believe the Capricorn Orogen should be no exception.
“Whilst our current focus is on exploring for Norilsk-style nickel, copper and platinum group elements at our Mount Vernon and Trouble Bore projects, we have a very long list of attractive exploration targets we aim to systematically explore.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE