Miramar Resources Outlines Large Gold Footprint at Glandore

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) completed lake aircore drilling at the company’s 100 per cent-owned Glandore project, in the Eastern Goldfields region of Western Australia.

Miramar Resources reported the drilling outlined coherent shallow supergene gold anomalism over almost five kilometres of strike and across multiple targets.

The company said the results from the first lake aircore drilling campaign follow on from results achieved from the first land-based aircore drilling program.

The recent drilling extended the Glandore East footprint to the south by at least one kilometre as multiple holes across the project returned and/or ended in results of greater than 0.25 grams per tonne gold, including:

6 metres at 0.62 grams per tonne gold from 12m and ended in 2m at 1.04g/t gold; and

4m at 0.46g/t gold and 4m at 0.61g/t gold.

The Glandore East footprint now extends for over three kilometres towards historic gold workings and remains open.

The company said the recent lake drilling had identified a very substantial gold system at Glandore and greatly increased the potential for the discovery of gold mineralisation including that like the nearby Majestic and Trojan deposits.

“Our first pass lake drilling has outlined coherent supergene gold anomalism within multiple targets over almost five kilometres of strike which is a considerable proportion of the entire project area,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Today’s results indicate the presence for multiple NE-trending mineralised structures within the granodiorite pluton extending over a significant strike length, along with coherent gold mineralisation across several other targets which will need to be followed up early in the new year.

“Gold mineralisation at Majestic and Trojan is also hosted in NE-striking structures within granitic intrusions, so our recent results indicate significant potential for a similar discovery at Glandore.”




Email: info@miramarresources.com.au


Web: www.miramarresources.com.au