Miramar Resources Upgrades Glandore Gold Footprint

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) took time out from setting up the company booth on day one of the 2022 RIU Explorers Conference to announce further aircore results from its 100 per cent-owned Glandore project, in the Eastern Goldfields region of Western Australia.

Miramar resources explained the latest new results, from resplits of holes from the Phase 1 aircore drilling campaigns, have upgraded the large gold footprint previously outlined by the company, with multiple holes ending in >0.25g/t gold including:

GDAC007
9 metres at 0.56 grams per tonne gold from 46m, including 2m at 1.4g/t gold;

GDAC037
6m at 0.78g/t gold from 12m, including 3m at 1.35g/t gold; and

GDAC157
9m at 0.78g/t gold from 48m, including 2m at 2.94g/t gold.

The company believes the drilling has demonstrated the existence of a substantial gold system under the lake at Glandore, which had not previously been recognised.

“Historical drilling focussed on the eastern margin of the granodiorite intrusion, where the high-grade diamond drill hole results are seen, but did not test the intrusion itself,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Gold mineralisation at the nearby Majestic and Trojan deposits is hosted in NE-striking structures within small granitic intrusions similar to the geological setting at Glandore.”

“We believe the results to date indicate the presence of at least one of these NE-trending mineralised structures within the granodiorite pluton extending over a significant strike length.”

Miramar is now preparing a diamond drilling program at the Glandore East prospect, where historical diamond drilling intersected numerous high-grade veins.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au