THE DRILL SERGENAT: Miramar Resources (ASX: M2R) reported receipt of new results, including several high-grade gold assays, from aircore drilling at the company’s 80 per cent-owned Gidji JV project in the Eastern Goldfields of Western Australia.
Miramar Resources explained the new results stem from resplits of aircore drill holes drilled in December 2021, mostly in and around the project’s Marylebone West and Marylebone East targets.
New high-grade gold results include:
1 metre at 5.18 grams per tonne gold;
2m at 2.03g/t gold;
1m at 9.55g/t gold; and
2m at 4.61g/t gold, including 1m at 7.76g/t gold.
High-grade gold results come from holes within the high priority Marylebone East target, where Miramar recently announced RC drilling intersected a highly altered and sulphidised dolerite, and where follow-up RC and diamond drilling is currently underway.
The best of the recent results was achieved from the far northern end of the Marylebone East target:
5m at 2.51g/t gold and 5m at 12.29g/t silver, including 1m at 28.91g/t silver, 0.1 per cent copper, 45ppm molybdenum and 8.42 per cent sulphur.
The mineralisation intersected in GJAC562 remains open for at least 200m and follow-up aircore and/or RC drilling is planned following receipt of all relevant approvals.
“The new results continue to reinforce the company’s belief that the Gidji JV project has the potential to host multiple new gold deposits,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.
“With each aircore drilling program we complete at Gidji, we continue to receive multiple significant and/or high-grade gold results across several of our targets.
“Almost without exception, these results are now coming from weathered basement beneath transported material and are supported by pathfinders, with GJAC562 a good example of this.
“So far, we have outlined multiple very large aircore gold footprints.
“Our next challenge is to cost effectively locate the primary source of these footprints with deeper RC and/or diamond drilling.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE