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Miramar Resources Drills Upgrade to Gidji Project

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) reported results from recently completed aircore drilling at the company’s 80 per cent-owned Gidji JV project near Kalgoorlie in Western Australia.

Miramar Resources said the new assay results, from 1 metre re-splits of the Phase 2 aircore drilling campaign, have upgraded the prospectivity of the Gidji project, with all four targets now containing multiple aircore holes with results over one gram per tonne gold.

At the Marylebone target, three consecutive aircore holes on one drill section have now returned results greater than 1.5g/t gold, including a high-grade result of:

GJAC096
2 metres at 7.7g/t gold, including 1m at 13.57g/t gold.

At the Piccadilly target, hole GJAC251 returned a thick zone of supergene gold and arsenic anomalism immediately adjacent to hole GJAC058, which ended in 4.53g/t gold.

Other results included:

Railway

GJAC120
3m at 1.94g/t gold from 44-47m, including 1m at 5.21g/t gold;

8-Mile

GJAC092
1m at 1.17g/t gold from 46-47m;

GJAC097
3m at 1.22g/t gold from 54-57m, including 1m at 2.82g/t gold; and

GJAC099
1m at 1.78g/t gold from 49-50m.

“After two phases of relatively wide-spaced aircore drilling across the granted tenements, all four targets have developed into coherent gold anomalies with associated pathfinder anomalism indicating a potential relationship to primary mineralisation,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Notably, most significant gold results to date have come from sample intervals at depths of greater than 50 metres vertically below surface, whilst the average depth of historic drilling across the Gidji project is only about 40 metres.”

Miramar’s next stage in exploration at Gidji will involve systematic deeper drill testing of the targets with the aim of outlining bedrock gold mineralisation.

The company is currently waiting on assay results from RC and Phase 3 aircore programs recently completed at Gidji.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Miramar Resources Commences RC and Aircore Drilling at Gidji Project

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has commenced RC and aircore drilling at the company’s 80 per cent-owned Gidji JV project north of Kalgoorlie-Boulder in the Eastern Goldfields region of Western Australia.

Miramar Resources commenced the initial program of six RC holes that will test several targets at Gidji, including the Marylebone target that had been outlined by multiple aircore drill results of over 0.5 grams per tonne gold.

Marylebone extends for approximately 1.2 kilometres and remains open along strike to the northwest and southeast within the Boorara Shear Zone.

Unsurprisingly, the Phase 3 drilling follows a Phase 2 campaign, from which Miramar has received all assays showing it has been able to extend and upgrade each of the targets originally identified by Phase 1 drilling.

One to stand out outside Marylebone came from the Piccadilly target where GJAC251 returned a 36m thick layer of regolith gold anomalism between GJAC058 (1m at 4.53g/t gold EOH) and GJAC059 (1m at 0.83g/t gold EOH).

Miramar explained the drilling results at Piccadilly outline a target that is approximately 600m long and up to 250m wide with no bedrock drill testing at this stage.

The target will be tested as part of the current RC drilling campaign.

“The geology, structure and scale of the Marylebone target are remarkably similar to the 10 million ounce Paddington deposit, but Marylebone has seen no effective bedrock drill testing to date,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“We intersected high-grade gold in a quartz vein at Marylebone with our first aircore program and the second phase aircore drilling grew the target footprint and upgraded the results.

“The magnetic data we have collected appears to show magnetite destruction that may be a result of gold mineralisation, so we are very excited about testing this target at depth for the first time.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Miramar Resources at RIU Sydney Resources Roundup

THE CONFERENCE CALLER: The Resources Roadhouse spoke with Miramar Resources (ASX: M2r) executive chairman Allan Kelly at the recent RIU Sydney Resources Roundup.

Miramar Resources Extends Runway deposit at Gidji

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) informed the market of some interesting drilling results achieved at the company’s 80 per cent owned Gidji Joint Venture project north of Kalgoorlie, Western Australia.

Miramar Resources recently carried out diamond drilling at 8-Mile target, which it claims has confirmed the presence of the Runway Porphyry 60 metres north of the nearest diamond hole while intersecting visible gold in a quartz vein within the hanging wall sediments.

Drill holes GJDD001 and GJDD002 both intersected an intrusive unit which the company has interpreted to represent an extension of the unit that hosts the 314,000 ounces Runway deposit, located immediately south of the Gidji project boundary.

Both holes also intersected numerous quartz/sulphide veins in the hanging wall sandstone unit with several specks of visible gold observed in hole GJDD002 at 124.7m downhole.

Miramar Resources executive chairman Allan Kelly said the first two holes intersected the same geological sequence seen at Runway, to the south.

“Importantly, both holes intersected the Runway porphyry at a shallower depth to that seen to the south, lending weight to the idea of a southerly plunge,” Kelly said in the company’s ASX announcement.

“The fact that we are seeing visible gold and widespread alteration and sulphide mineralisation in our first two diamond holes has us very excited about the potential of this target.”

Miramar’s phase 2 aircore drilling program is progressing, with over 50 per cent of holes completed to date.

Results from EOH samples for phase 1 have recently been received and have upgraded the newly named Piccadilly target, which has a strike length of approximately 850m and remains open along strike.

The company is currently infilling the first phase aircore drilling over this target.

“We look forward to completing these two drill programs and reporting results from both the diamond and aircore drilling across the various targets,” Kelly said.

“We still have about 50 per cent of the project tenements yet to be granted, and these areas hold additional highly prospective targets.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

 

Allan Kelly Miramar Resources (ASX: M2R) February 2021

Miramar Resources (ASX: M2R) followed up a recent successful aircore drilling campaign at the company’s Gidji Gold Project near Kalgoorlie by announcing the grant of an Exploration License for its Whaleshark Project in the Gascoyne Region of WA. Executive chairman Allan Kelly zoomed into The Resources Roadhouse to supply details.

Miramar Resources Adds Whaleshark EL to WA Portfolio

THE BOURSE WHISPER: Miramar Resources (ASX: M2R) has been granted Exploration Licence E08/3166, located 40 kilometres east of Onslow in Western Australia.

The EL contains the Whaleshark gold project that is characterised by a large folded Banded Iron Formation (BIF) complex intruded by granite and buried under approximately 100m of sediments of the northern Carnarvon Basin.

Previous exploration of the project area has been limited with a number of companies having undertaken previous exploration, providing Miramar with the belief the project may possess unrealised potential for the discovery of BIF-hosted gold and/or IOCG mineralisation.

Miramar has identified a number of key targets including a ‘pressure shadow’ to the southwest of the granite intrusion.

The company plans to conduct grid surface geochemical sampling using partial and/or selective leach analysis and, given the apparent relationship between the gold mineralisation and sulphides, examine possible options for further ground EM surveys.

Miramar will also look at the potential to conduct further gravity surveys to assist in the identification of potential IOCG targets.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Miramar Resources Outlines 4km Mineralised Structure

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has completed the first round of aircore drilling at the company’s 80 per cent-owned Gidji JV project intersecting regolith gold anomalism within a structure over approximately four kilometres of strike.

Miramar Resources reported the drilling outlined regolith gold anomalism within a mineralised structure, intersected visible gold in a quartz vein and highlighted multiple targets including one it considers to hold apparent similarities to the 10 million ounces Paddington deposit.

The structure extends from the northern projection of the neighbouring 314,000 ounce Runway deposit to the regionally important Boorara Shear Zone where a series of shallow historical RC drill holes previously intersected gold mineralisation.

Results from the recent program include:

GJAC096
8m at 495ppb gold from 56m, including 4m at 925ppb gold from 56m;

GJAC058
2m at 779ppb gold from 68m to EOH;

GJAC085
8m at 351ppb gold from 48m to EOH;

GJAC084
8m at 194ppb gold from 52m; and

GJAC092
8m at 184ppb gold from 44m to EOH.

Miramar Resources aid the results confirmed the company’s view that the Gidji JV project was highly prospective but greatly underexplored.

“Our maiden aircore program, the first drilling at Gidji since 2013, has defined a mineralised structure over several kilometres and highlighted several new targets, including one with apparent similarities to the 10 million ounce Paddington deposit, located 10km further north within the same structure,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Despite its prime location, the previous drilling within the Gidji project has mostly been shallow with only a handful of RC drill holes across the entire project area.

“We effectively need to disregard much of the previous drilling and treat the project like a new greenfields exploration opportunity.

“In addition to the potential for a northern extension to the existing Runway deposit, we believe there are multiple drill targets that may present similar, if not better, opportunities for discovery of an economic deposit at Gidji.”

On the back of the results, Miramar will immediately follow up the recent aircore drilling at Gidji with a second campaign of approximately 10,000m which will infill the drill spacing to approximately 200m by 50m.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Miramar Resources Commences Gidji Drill Campaign

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has kicked off its exploration aspirations with commencement of its first drilling campaign at the company’s 80 per cent-owned Gidji JV project north of Kalgoorlie.

Miramar Resources has commenced aircore drilling on the Gidji JV, the initial focus of which will be on testing the potential for extensions to the 314,000-ounce Runway gold deposit located immediately south of the project’s southern tenement boundary.

Miramar cited historic KCGM reports, it said shows the Runway deposit to include a higher-grade oxide component above the deeper primary mineralisation.

The initial aircore drilling program aims to test the potential for the oxide mineralisation to continue onto Miramar’s tenements, and, by inference, the potential existence of the deeper primary mineralisation.

The initial program will be followed up with further aircore, along with deeper RC/diamond drilling.

“We believe the Runway deposit only stops at our tenement boundary due to a lack of effective drilling,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“The strike length of the existing Runway deposit is only about 400 metres and we currently have a similar gap between the tenement boundary and the first line of effective drilling on our ground.

“If we can replicate what KCGM discovered at Runway, we could be well on our way to our first development opportunity.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Allan Kelly Miramar Resources (ASX: M2R) November 2020

Miramar Resources (ASX: M2R) recently listed on the boards of the ASX. Executive Chair Allan Kelly ZOOMed into The Resources Roadhouse to tell us about the company’s portfolio of Western Australia gold and nickel prospects.

 

Miramar Resources IPO Makes Big Opening Day Splash

THE BOURSE WHISPERER: A new exploration company with a familiar face at the helm has set up residence on the boards of the Australian Securities Exchange.

The newest gold exploration play to hit the bourse is Miramar Resources (ASX:M2R) on the back of a heavily oversubscribed Initial Public Offering (IPO) that raised $8 million at an issue price of 20 cents per share.

The company has former Doray Minerals and Riversgold head, Allan Kelly sitting at the head of the Boardroom table in the executive chairman role.

Miramar Resources enjoyed a satisfying first day trading, opening at a healthy 56 cents before settling down to an impressive 41.5 cents.

The company is eager to get out on its highly prospective exploration projects within the Eastern Goldfields and Murchison regions of Western Australia.

Miramar’s immediate focus will be on the Gidji Joint Venture project (Miramar 80%) located north of Kalgoorlie.

The first drilling campaigns at Gidji will test several targets including the potential for extensions to the Runway gold deposit located immediately south of the project’s southern tenement boundary where KCGM outlined a Mineral Inventory of 314,000 ounces in 2017.

The company considers there to be potential for the oxide and primary gold mineralisation seen at Runway to continue to the north, onto Miramar’s tenements.

There is a lack of deep drilling across the Gidji JV project however limited wide-spaced aircore drilling has demonstrated anomalous gold extending for at least a further two kilometres north of the Runway deposit.

Miramar has planned initial aircore and RC drilling programs at Gidji and has recently received approval from the Department of Mines, Industry Regulation and Safety (DMIRS) for these programs.

The company has received statutory approvals from DMIRS for initial drilling campaigns at the Lang Well and Glandore projects and is working towards heritage approval for the Glandore project.

Miramar’s Executive Chairman, Allan Kelly, said the Company was overwhelmed by the level of interest in the IPO and welcomed the Company’s new shareholders.

“It is a great time to be a West Australian focused gold exploration company,” Kelly said in the company’s opening day announcement to the ASX.

“We have compiled a portfolio of under-explored but highly prospective exploration projects in two world class gold provinces and within close proximity to a number of existing gold mining and processing facilities.

“It’s fantastic to see that investors have enthusiastically embraced our strategy.”

 

 

Email: info@miramarresources.com.au

 

Web: www.miramarreources.com.au