Miramar Resources Scores EIS funding for Bangemall Drilling

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has picked up funding via Western Australia Government’s Exploration Incentive Scheme (EIS) to drill at the company’s 100 per cent-owned Bangemall projects in the state’s Gascoyne region.

Miramar Resources has been awarded up to $180,000 by the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) to be put towards the drilling campaign, which will target Norilsk-style nickel, copper, cobalt and platinum group element mineralisation at the Mount Vernon and Trouble Bore projects.

“Over the last 24 months, the company has advanced the Bangemall projects from an exploration concept to regional-scale area selection followed by collection of project-scale datasets and, more recently, to delineation of individual drill targets through ground EM surveys,” Miramar Resources executive chairman Allan Kelly said in th company’s ASX announcement.

“We have the opportunity to make a discovery of a new style of mineralisation in an underexplored geological province where we are the dominant landholder.”

Upcoming work will focus on Miramar’s initial aim, which is to demonstrate ‘proof of concept’ of its Norilsk-style deposit model by discovering nickel, copper, cobalt and platinum group element sulphide mineralisation.

Upcoming work is to involve completion of heritage surveys where required, systematic rock chip sampling, RC drilling, and working towards grant of various tenement applications.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE