Miramar Resources Reports Strong Gold Hits at Gidji

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) reported new aircore drilling results from the company’s 80 per cent-owned Gidji JV project in the Eastern Goldfields region of Western Australia.

Miramar Resources said the new results had resulted from aircore holes drilled at the Marylebone, Railway, Piccadilly and 8-Mile targets and have continued to reinforce the potential for one or more new gold discoveries at Gidji.

The company has determined the Marylebone target comprises at least four parallel zones of coherent aircore gold mineralisation, stretching over almost two kilometres of strike, which are related to contacts between mafic and ultramafic rocks like the Paddington and Panglo deposits along strike to the northwest.

The recent drilling outlined a new zone of gold anomalism greater than 0.25 grams per tonne gold, west of previous drilling, which is at least 1km long returning a result at its northern end of:

GJAC426
6 metres at 1.23 grams per tonne gold.

New drilling within the central target zone included two holes drilled either side of earlier holes that did not reach basement.

The new holes encountered:

GJAC428
1m at 2.63g/t gold; and

GJAC429
5m at 1.21g/t gold.

Both new holes encountered high-grade gold in weathered basement directly beneath the unconformity with the transported material.

“Marylebone continues to deliver significant aircore results from each program, which increases our confidence that there could be a significant new gold discovery to be outlined,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“After four aircore programs of relatively wide-spaced holes, we still have not yet determined the full extent of the Marylebone footprint, which is currently about two kilometres long, and still growing.

“In addition, even though our focus has been mostly on defining the extents of the Marylebone target, we have also continued to test other targets that add to the developing opportunity at Gidji.”

Miramar has interpreted the recent results to show the Marylebone target now apparently closed off at the south-eastern end but remains open along strike to the northwest onto the company’s recently granted tenement applications.

Miramar plans to extend its aircore drill coverage to the northwest, as well as conducting selected infill holes, with plans to complete this drilling by the end of 2021.

The aim of the next aircore drilling campaign will be to refine targets for RC drill testing in early 2022.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au