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Miramar Resources Encounters Multiple High-Grade Gold Results at Gidji JV

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:

GJAC478
1 metre at 5.18 grams per tonne gold;

GJAC480
2m at 2.03g/t gold;

GJAC490
1m at 9.55g/t gold; and

GJAC559
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:

GJAC562
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

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Miramar Resources Expands Glandore Project

THE BOURSE WHISPERER: Miramar Resources (ASX: M2R) has expanded the land position of the company’s 100 per cent-owned Glandore project in the Eastern Goldfields region of Western Australia.

Miramar Resources applied for a new Exploration Licence, E25/611, immediately adjacent to its existing Glandore project tenements that is located along strike to the northeast from the Glandore West and Glandore East targets, where high-grade mineralisation up to 4m at 44.3 grams per tonne gold was intersected by historic diamond drilling.

“Our drilling to date has highlighted northeast trending gold mineralisation over about two kilometres of strike, similar to that seen at the nearby Majestic and Trojan gold deposits,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“The new tenement application covers similar geology along strike from the historic high-grade diamond drilling results at Glandore East, so was an obvious piece of ground for us to pursue.”

Miramar explained it is planning to complete a diamond drilling program at the Glandore East target and is currently waiting on availability of a suitable drill rig to do so.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Miramar Resources Kicks Off Detailed Magnetic Survey at Lang Well

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has a detailed UAV magnetic survey underway over the company’s 100 per cent-owned Lang Well project in the Murchison region of Western Australia, which it considers prospective for gold and/or rare earth element (REE) mineralisation.

The survey follows a review of historical information that identified some 50 outcropping pegmatite occurrences within the project, including a swarm of pegmatites over seven kilometres of strike in the northern half of the project.

None of the pegmatite occurrences have been assayed for lithium or REEs.

The magnetic survey is expected to assist Miramar in planning a first aircore drilling program testing both the auger gold anomalism and REE potential.

“Lang Well covers a very large area with widespread surficial material covering prospective geology and structures,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Based on the limited historic exploration results, the southeastern part of the project is prospective for gold mineralisation, and also has significant potential for REE mineralisation as indicated by the very limited historic drilling which intersected strongly anomalous REEs.

“Given the widespread occurrence of pegmatites in the outcropping areas of the project, we think there is potential for a significant number of additional pegmatite occurrences, potentially prospective for Lithium or REEs, elsewhere within the project, either outcropping or beneath shallow cover.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Allan Kelly Miramar Resources (ASX: M2R) April 2022

Miramar Resources (ASX: M2R) keeps drilling promising results at the company’s 80 per cent-owned Gidji Joint Venture in Western Australia. Despite the long delay for assays, executive chairman Allan Kelly told Wally Graham of The Resources Roadhouse the results make the wait worthwhile.

Miramar Resources Hits Multiple High-Grades at Gidji JV

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) reported high-grade gold results from drilling completed in 2021 at the company’s 80 per cent-owned Gidji JV project in the Eastern Goldfields of Western Australia.

The drilling returned gold results from the Marylebone target that include four consecutive 50 metres-spaced holes across the centre of the eastern Marylebone trend:

GJAC490
2 metres at 5.28 grams per tonne gold (52-54m);

GJAC491
1m at 8.55g/t gold (55-56m);

GJAC492
1m at 11g/t gold (55-56m); and

GJAC493
12m at 0.3g/t gold (48-60m EOH), including 1m at 1.21g/t gold.

Miramar explained the new high-grade results are located between two earlier 200m-spaced lines with single holes that returned intersections of 1m at 3.62g/t gold and 1m at 2.65g/t gold.

The company maintains its belief in Gidji having potential for the discovery of multiple new gold deposits within its strategic 60 square kilometre land package located 15km north of Kalgoorlie.

“Gidji is in a fantastic location, with the right geology and structures, and a growing supergene gold footprint that indicates the potential for a significant bedrock gold source nearby,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Each aircore program we have completed at Gidji since listing has improved on the previous results and provided a better understanding of the project, and this program is no exception with multiple new high-grade gold results from Marylebone and our new Blackfriars target.

“The Gidji project provides Miramar with a unique greenfields gold discovery opportunity right on the doorstep of the richest patch of ground on earth, and we therefore look forward to continuing to uncover the huge potential opportunity at Gidji with systematic and methodical exploration.”

Miramar has commenced an aircore drilling program to infill the Blackfriars target to a drill spacing of 200m x 50m and test the Highway target for the first time.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Miramar Resources Spots Lang Well lithium and REE Potential

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) completed a review of historic and government open file data for the company’s 100 per cent-owned Lang Well project in the Murchison region of Western Australia.

Miramar Resources reported the review has highlighted multiple pegmatite occurrences indicating the potential for rare earth element (REE) and/or lithium mineralisation at the project.

Information extracted by the company from Geological Survey of Western Australia datasets revealed at least 50 mapped pegmatite occurrences within the Lang Well project, including outcropping pegmatites hitting over at least seven kilometres of strike in the northern half of the project.

The pegmatites occur in a sequence of granitic gneiss and mafic amphibolite that has been intruded by later Proterozoic dolerite dykes.

Lang Well has seen little exploration, with the only activity of note comprising an auger sampling program in 2009, samples from which were only analysed for a limited suite of elements.

Given the dates associated, there is little surprise there has been no recorded analysis of REEs or lithium for any of the pegmatite occurrences or the auger sampling.

Interestingly enough, the auger sampling was followed up by a 35 hole aircore program in 2010 across three lines, two of which are outside the current project tenement.

Inside the project, hole BADAC33 intersected anomalous REEs, including 4m at 0.15 per cent Total Rare Earth Oxides (TREO).

Holes 50m either side also encountered anomalous REEs.

“The Lang Well project covers a very large area with only about 20 per cent outcrop,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Most of the 50 recorded pegmatite occurrences occur in the outcropping area in the north whereas the single historical aircore traverse intersected anomalous REEs in an area of transported cover in the south east.

“We think it is highly likely therefore, that there is potential for a significant number of other pegmatite occurrences either outcropping or below shallow cover.”

Miramar signalled it would complete soil and rock chip sampling across the northern pegmatite trend and is planning a detailed drone magnetic survey over the south-eastern portion of the tenement to aid with an upcoming aircore drilling program that will test the auger gold anomalism.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

Web: www.miramarresources.com.au

 

Miramar Resources Identifies Nickel Sulphide Targets at Gidji JV

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) informed the market of it has identified what it considers potential for nickel sulphide mineralisation within the company’s 80 per cent-owned Gidji JV project in the Eastern Goldfields of Western Australia.

Miramar Resources has been actively exploring at Gidji since listing on the ASX in October 2020 as it believes potential exists for discovery of one or more large gold deposits within its strategic 60 square kilometre land package located 15km north of Kalgoorlie.

The company has conducted a review of new and historic data over the Gidji JV project with a focus on the potential for nickel sulphide mineralisation.

This has shown the Gidji JV project contains approximately 10km of strike of various ultramafic units, including the ‘Highway Ultramafic’, which hosts the Scotia and Saints nickel sulphide deposits further to the north.

A cluster of highly anomalous nickel and copper results were identified where the magnetic signature of the Highway Ultramafic is strongest, which Miramar said may indicate the thickest part of the sequence.

The highest nickel and copper results also occur in an area of structural complexity where NE-trending faults crosscut the earlier stratigraphy.

“It’s well known that gold and nickel mineralisation occur in close proximity at many places within the Eastern Goldfields region,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Although the Highway Ultramafic hosts nickel sulphide deposits in at least two locations along the Boorara Shear/Bardoc Tectonic Zone, there has been minimal targeted nickel exploration at Gidji.

“The new nickel sulphide targets we have identified again confirm how underexplored the Gidji project is, not just for gold, but for other commodities as well.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

Web: www.miramarresources.com.au

 

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

 

Miramar Resources Identifies Multiple Large EM Anomalies at Mt Vernon

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) reported identification of multiple large late-time EM anomalies that may indicate the presence of nickel-copper-PGE mineralisation within the company’s Bangemall project, in the Gascoyne region of Western Australia.

Miramar Resources recently completed an airborne EM survey at its 100 per cent-owned Mt Vernon target to identify the targets.

Mt Vernon is one of several Exploration Licences and/or Applications which make up the Bangemall project.

Preliminary data has been received and has highlighted at least 13 late-time EM anomalies that may indicate the presence of bedrock nickel-copper-PGE sulphides associated with dolerite sills.

In the northeast corner of the tenement, several large late-time EM anomalies are seen associated with a dolerite sill that range in strike length from 500m to over 1.2km.

“We’ve outlined a number of large late-time EM anomalies, apparently associated with nickel, copper and PGE anomalism, in a virtually unexplored area,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“These results are exactly what we would have hoped to see from this survey, validate our views on the prospectivity of this project and give us numerous targets for follow-up work.”

Miramar is waiting on the final data, from which it will model the most prospective anomalies once this data is received.

Future work will include field checking of the anomalies, along with surface geochemical sampling and prospecting, with a view to conducting ground EM surveys in order to define potential drill targets.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Miramar Resources Identifies New Gidji Target to Increase Camp-Scale Potential

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) announced identification of a new ‘Highway’ target parallel to the Blackfriars and Marylebone targets at the company’s 80 per cent-owned Gidji JV project north of Kalgoorlie in the Eastern Goldfields region of Western Australia.

Miramar Resources carried out a re-examination of historical data, in particular historical auger data, that identified a one-kilometre long auger gold anomaly parallel to the Marylebone target and the newly outlined Blackfriars target.

The main part of the newly identified ‘Highway’ target has not been tested by historical or recent drilling however two historic aircore holes at the western and northern edges of the target (PKAC527 and PKAC034 respectively) both intersected 4 metres at greater than 0.5 grams per tonne gold.

In addition, several aircore holes completed by Miramar at the southern end of the target, testing the Piccadilly target, increase in grade in a north westerly direction towards the main part of the auger anomaly.

Miramar considers the identification of another new target at Gidji reinforces the potential for a substantial new gold camp, with multiple new gold deposits, to be discovered.

“The Gidji JV project is located in a prime geological position within a major mineralised structure and along strike from several large gold deposits,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Outcrop is minimal with the most prospective geology and structures obscured by transported material and the northern 50 per cent of the project also covered by recent lake sediments.

“Over the last 12 months, we have shown how underexplored this project is with significant new results coming from every drill program and the identification of several new targets beneath shallow cover, each capable of hosting a significant new gold deposit.

“The identification of a large new target straddling a major highway is further evidence of how underexplored the Gidji project is and the significant opportunity we are uncovering.”

Miramar is currently awaiting results from a Phase 5 aircore drilling program completed in late 2021 and is planning a substantial exploration program at Gidji during 2022.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au