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Miramar Resources Confirms Chain Pool Project Sedex Mineralisation

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has outlined a 700m long anomaly displaying Sedimentary Exhalative (SEDEX) characteristics at the company’s Chain Pool project in the Gascoyne region of Western Australia.

Miramar Resources identified the anomaly via soil sampling at the Joy Helen prospect within the Chain Pool project.

The company declared the anomaly exhibits similarities to known Sedimentary Exhalative lead-zinc-silver deposits such as the high-grade Lady Loretta deposit in Queensland.

Miramar explained the Chain Pool project is located close to a major global-scale geological feature which is also known to host all large SEDEX base metal deposits in Australia.

“We originally pegged the Chain Pool Project due to the presence of mapped Durlacher Supersuite granite, which is the same unit that hosts the Yangibana and YIN rare earth deposits, but we quickly realised the potential for other deposit types,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Our initial rock chip sampling confirmed the historic high-grade mineralisation at Joy Helen and now, the results of our recent soil sampling have almost doubled the potential strike length of the prospect.

“Significantly, recent data collected at Chain Pool compares favourably with published data from known SEDEX deposits.

“We look forward to systematically progressing the opportunity at Chain Pool.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Miramar Resources Granted High-Grade Joy Helen Copper-Lead-Silver Prospect

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) expanded its tenement portfolio following granting of Exploration Licence E08/3676 over the high-grade copper, lead, and silver occurrence at the Joy Helen prospect, in the Gascoyne region of Western Australia.

Miramar Resources completed an earlier reconnaissance fieldtrip to the Joy Helen prospect before the tenement was granted, after which it released high-grade results from rock chip samples, including:

• 5.49 per cent copper, 42 per cent lead and 73.48 grams per tonne silver; and
• 5.43 per cent copper, 36.7 per cent lead, 36g/t silver and 0.27 per cent zinc.

Combined with historic sampling, the high-grade copper, lead and silver mineralisation at Joy Helen has been seen over approximately 700m of strike, including approximately 400m outside of the Barlee Nature Reserve.

Miramar Resources is of the opinion the Chain Pool project could also be prospective for multiple other styles of mineralisation alongside the copper, lead and silver seen at Joy Helen.

“The western half of the project is dominated by a Durlacher Supersuite granite, which is the same unit that hosts the Yangibana and YIN REE deposits, and there are several later dolerite dykes cross-cutting the project which are the same unit that hosts the Mangaroon nickel-copper-PGE prospect further south,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“We are looking forward to getting out on the ground and systematically exploring the project.”

Elsewhere in its Gascoyne portfolio, Miramar is completing the maiden drilling program at the Mount Vernon and Trouble Bore projects, part of the company’s 100 per cent-owned Bangemall nickel-copper-cobalt-PGE project.

The company recently completed further Induced Polarisation (IP) surveying over the 8-Mile target within the Gidji JV project, located 15 kilometres north of Kalgoorlie.

The aim of the survey is to refine a potential northern offset to Northern Star Resources’ 313,000-ounce 8 Mile Dam deposit immediately south of the Gidji JV project boundary.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Miramar Resources Gets EIS Co-Funded Drilling Underway at Bangemall

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has kicked off its first drilling campaign within the company’s 100 per cent-owned Bangemall project in the Gascoyne region of Western Australia.

Miramar Resources explained the initial RC drilling campaign is co-funded through the WA government’s Exploration Incentive Scheme (EIS) and will test several airborne +/- ground EM anomalies identified at Mount Vernon and Trouble Bore via the company’s earlier exploration efforts.

Miramar declared itself as being the first explorer to specifically target Norilsk-style mafic intrusion-hosted nickel, copper, cobalt and platinum group element (PGE) mineralisation within WA’s Capricorn Orogen.

“Mafic intrusion-hosted magmatic nickel-copper-cobalt-PGE deposits are some of the largest and most valuable metal deposits in the world, remaining profitable at low nickel prices and therefore worth exploring for, even in the current depressed nickel market,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“The Edmund and Collier Basins are recognised by the GSWA, Geoscience Australia and the CSIRO as displaying all the key ingredients for Norilsk-style mineralisation: major deep crustal-scale structures, Warakurna-age dolerite sills and extensive sulphide and/or sulphate-rich sedimentary units.

“In addition to providing financial assistance, the EIS funding is further endorsement of the merits of Miramar’s geological model and targeting to date.

“We’ve spent the last three years gathering data and developing these targets, so we’re excited to be commencing our maiden drill campaign and testing our concepts.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Miramar Resources Anticipates High-Grade Copper, Lead, and Silver from Gascoyne Project

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) returned home from an initial reconnaissance field trip to the company’s new Chain Pool project, in the Gascoyne region of Western Australia.

Miramar Resources was keen to announce it had achieved high-grade copper, lead and silver results from Joy Helen prospect from sampling completed during the reconnaissance field trip.

Samples collected by the company from around the Joy Helen prospect returned results including:

CP003
5.49 per cent copper, 42.0 per cent lead and 73.48 grams per tonne silver; and

CP002
5.43 per cent copper, 36.7 per cent lead, 36g/t silver and 0.27 per cent zinc.

The Joy Helen occurrence is located approximately 275km northeast of Carnarvon in the Gascoyne region of Western Australia and contains historic workings and costeans over a strike length of approximately 400 metres.

There has been no modern and/or systematic exploration of this prospect apart from historic drilling completed in the 1960s that intersected lead and copper mineralisation, including 1.5m at 13.7 per cent lead and 1.6 per cent copper, however the locations of the drill holes were not recorded.

Miramar considers there to be potential for various commodities and deposit types within the company’s Gascoyne region projects despite them having been under-explored previously.

“For example, there has not been any modern and/or systematic exploration or drilling at the Joy Helen prospect despite the presence of high-grade base metal mineralisation,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“We look forward to getting this tenement granted and uncovering the potential of the project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE