Miramar Resources Kicks Off Detailed Magnetic Survey at Lang Well

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has a detailed UAV magnetic survey underway over the company’s 100 per cent-owned Lang Well project in the Murchison region of Western Australia, which it considers prospective for gold and/or rare earth element (REE) mineralisation.

The survey follows a review of historical information that identified some 50 outcropping pegmatite occurrences within the project, including a swarm of pegmatites over seven kilometres of strike in the northern half of the project.

None of the pegmatite occurrences have been assayed for lithium or REEs.

The magnetic survey is expected to assist Miramar in planning a first aircore drilling program testing both the auger gold anomalism and REE potential.

“Lang Well covers a very large area with widespread surficial material covering prospective geology and structures,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Based on the limited historic exploration results, the southeastern part of the project is prospective for gold mineralisation, and also has significant potential for REE mineralisation as indicated by the very limited historic drilling which intersected strongly anomalous REEs.

“Given the widespread occurrence of pegmatites in the outcropping areas of the project, we think there is potential for a significant number of additional pegmatite occurrences, potentially prospective for Lithium or REEs, elsewhere within the project, either outcropping or beneath shallow cover.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au