Miramar Resources Releases Exploration Target Highlighting Gidji JV Gold Potential

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has presented an initial gold Exploration Target at the company’s 80 per cent-owned Gidji Joint Venture project in the Eastern Goldfields of Western Australia.

Miramar Resources has estimated an initial shallow gold Exploration Target of 1.3 to 3.1 million tonnes, at a grade of 1.2 – 1.5 grams per tonne gold for the project’s Marylebone target.

The company explained the Exploration Target was estimated from aircore, RC and diamond drilling Miramar has conducted since commencing exploration at Gidji in late 2020 and is currently restricted to the shallow supergene and/or alluvial gold mineralisation encountered within the Marylebone target.

Miramar believes this initial Exploration Target underscores the large gold endowment potential of the Gidji JV project.

“Our primary aim at Gidji is to discover one or more large bedrock gold deposits, similar to the large Paddington deposit, immediately north of our project,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“After our first aircore drilling campaigns at Gidji, we recognised that there could also be significant shallow supergene and/or alluvial gold mineralisation which could potentially be developed in the short term, given the proximity to the Goldfields Highway and various gold processing operations.

“The amount of shallow supergene and/or alluvial gold discovered to date, along with multiple other targets, also implies a significant bedrock source nearby which is yet to be discovered.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE