Miramar Resources Reports Solid Gold Results from Highway Target
THE DRILL SERGEANT: Miramar Resources (ASX: M2R) reported drill results from the company’s 80 per cent-owned Gidji JV project, located north of Kalgoorlie in the Eastern Goldfields of Western Australia.
Miramar Resources’ latest Gidji drilling results come from the Highway target, the fourth large aircore gold footprint the company has outlined at the project since listing in 2020.
Results from the Highway target include:
GJAC717
5m at 0.87 grams per tonne gold from 48m, including 1m at 1.87g/t gold;
GJAC718
1m at 2.9g/t gold from 52m;
GJAC721
4m at 2.95g/t gold from 48m, including 3m at 3.78g/t gold;
GJAC725
8m at 0.77g/t gold from 48m, 4m at 1.13g/t gold; and
GJAC727
1m at 2.53g/t gold from 51m.
“The new results from the Highway target emphasise the significant gold potential at Gidji being realised by Miramar through systematic exploration,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.
“Over the last 18 months, we have outlined four large new gold targets at Gidji, each at least one kilometre long, and with multiple bedrock aircore intersections including several high-grade gold results.
“Despite straddling the Goldfields Highway and being located less than a 10-minute drive from Kalgoorlie, the Gidji project has clearly not been effectively explored until now.
“With only a handful of deeper holes completed to date, and many more planned, we look forward to continuing to uncover the full potential of the Gidji JV project.”
Miramar is set to commence a 12,000m aircore drilling campaign over the Boorara North target, which includes a further 4km long underexplored segment of the Boorara Shear Zone.
The company has interpreted th local geology of the Boorara North target to match that of the Paddington and Panglo deposits, and the Marylebone-Blackfriars-Highway area, and believes it has potential for gold and/or nickel sulphide mineralisation.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@miramarresources.com.au
Web: www.miramarresources.com.au
