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Miramar Resources Reports Strong Gold Hits at Gidji

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) reported new aircore drilling results from the company’s 80 per cent-owned Gidji JV project in the Eastern Goldfields region of Western Australia.

Miramar Resources said the new results had resulted from aircore holes drilled at the Marylebone, Railway, Piccadilly and 8-Mile targets and have continued to reinforce the potential for one or more new gold discoveries at Gidji.

The company has determined the Marylebone target comprises at least four parallel zones of coherent aircore gold mineralisation, stretching over almost two kilometres of strike, which are related to contacts between mafic and ultramafic rocks like the Paddington and Panglo deposits along strike to the northwest.

The recent drilling outlined a new zone of gold anomalism greater than 0.25 grams per tonne gold, west of previous drilling, which is at least 1km long returning a result at its northern end of:

GJAC426
6 metres at 1.23 grams per tonne gold.

New drilling within the central target zone included two holes drilled either side of earlier holes that did not reach basement.

The new holes encountered:

GJAC428
1m at 2.63g/t gold; and

GJAC429
5m at 1.21g/t gold.

Both new holes encountered high-grade gold in weathered basement directly beneath the unconformity with the transported material.

“Marylebone continues to deliver significant aircore results from each program, which increases our confidence that there could be a significant new gold discovery to be outlined,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“After four aircore programs of relatively wide-spaced holes, we still have not yet determined the full extent of the Marylebone footprint, which is currently about two kilometres long, and still growing.

“In addition, even though our focus has been mostly on defining the extents of the Marylebone target, we have also continued to test other targets that add to the developing opportunity at Gidji.”

Miramar has interpreted the recent results to show the Marylebone target now apparently closed off at the south-eastern end but remains open along strike to the northwest onto the company’s recently granted tenement applications.

Miramar plans to extend its aircore drill coverage to the northwest, as well as conducting selected infill holes, with plans to complete this drilling by the end of 2021.

The aim of the next aircore drilling campaign will be to refine targets for RC drill testing in early 2022.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

 

Allan Kelly Miramar Resources (ASX: M2R) September 2021

Miramar Resources (ASX: M2R) reported drill results it claims to confirm the potential for Paddington and/or Panglo-style gold mineralisation at the Marylebone target within the company’s Gidji gold project in WA. Executive chairman Allan Kelly zoomed into The Resources Roadhouse to provide Wally Graham with an update on proceedings.

Miramar Resources Increases Potential for Large Marylebone Gold Discovery

THE BOURSE WHISPERER: Miramar Resources (ASX: M2R) caused a market stir when it announced having received multiple high-grade gold results from the Marylebone target within the company’s 80 per cent-owned Gidji JV project in the Eastern Goldfields region of Western Australia.

Miramar Resources declared the new results from 1m resplits of a Phase 3 aircore drilling program carried out earlier this year confirm the potential for Paddington and/or Panglo-style gold mineralisation at Marylebone.

Results include:

GJAC306
1 metres at 6.92 grams per tonne gold (48-49m);

GJAC315
3m at 2.61g/t gold (45-48m), including 1m at 6.16g/t gold;

GJAC318
1m at 3.54g/t gold (53-54m);

GJAC325
4m at 1.11g/t gold (46-50m), including 1m at 3.55g/t gold; and

GJAC328
1m at 5.15g/t gold (52-53m).

Miramar explained that holes GJAC306 and GJAC315, which both intersected +6g/t gold, are located approximately 300m apart along the “Paddington contact”, whilst the +3g/t gold intersections in GJAC318 and GJAC325 are located 200m apart and appear equivalent to the position of the Panglo deposit.

The northwest trending contacts are crosscut by later north-south trending faults, like that seen at Paddington.

The footprint of the Marylebone target now extends for over 1.9 kilometres and remains open to the northwest on the recently granted Gidji JV tenements.

Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement that the new results continued to reinforce the significance of the Marylebone target and the potential for a large new gold discovery close to Kalgoorlie.

“The new results include the most significant gold numbers received from Gidji to date and have also helped us identify the structures with the closest similarities to the Paddington and Panglo gold deposits along strike to the northwest,” Kelly said.

“Our aircore drilling is still relatively wide spaced, given the stripped weathering profile present beneath the transported material, and the average hole depth to date at Marylebone is only about 60 metres, whereas the primary mineralisation at Paddington reportedly starts at about 70 metres, just below the supergene enriched gold zone.

“We are very excited about the opportunity for a new discovery at Marylebone and also look forward to testing the newly granted tenements along strike to the northwest, where the same geology seen at Marylebone continues for at least another 1.4 kilometres but is virtually undrilled.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@mirmarresources.com.au

 

Web: www.mirmarresources.com.au

 

Miramar Resources Hits High-Grade Gold at Glandore

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) reported results from the first drilling campaign at the company’s 100 per cent-owned Glandore project in the Eastern Goldfields region of Western Australia.

The Glandore project is located approximately 40 kilometres east of Kalgoorlie in proximity to a number of existing and/or proposed gold mining and/or processing operations.

Miramar Resources declared its first aircore drilling campaign completed at Glandore has outlined a 600 metres long zone of regolith gold anomalism south of Lake Yindarlgooda, with results up to:

GDAC015
2 metres at 4.78 grams per tonne gold.

Drilling has demonstrated a northeast trending zone, defined by results of greater than 0.25g/t gold, remains open onto Lake Yindarlgooda towards the East Target, where historic drilling intersected high-grade supergene and primary gold mineralisation.

The company plans to infill the recent results with further aircore drilling and test the interpreted north-eastern strike extension with the lake aircore drilling campaign.

“The Glandore project provides another fantastic opportunity for our company to make a significant gold discovery close to Kalgoorlie,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Like Gidji, Glandore is very underexplored despite some significant high-grade gold results.

“We are therefore looking forward to systematically testing the project given our first aircore campaign has already turned up results worthy of follow up.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Miramar Resources Identifies New EM Targets

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) informed the market of a review of historical data, from which it has identified multiple electro-magnetic (EM) conductors.

Miramar Resources has identified the EM conductors within the Dooley Downs tenement application (aka E09/2484) within the company’s Bangemall nickel-copper-PGE project in the Gascoyne region of Western Australia.

E09/2484 is one of seven 100 per cent-owned granted Exploration Licences and/or Applications held by Miramar in the Bangemall region.

The company believes the Bangemall project to be prospective for craton-margin nickel-copper-PGE mineralisation, such as that discovered at Nova-Bollinger and Nebo-Babel, and the giant Norilsk and Voisey Bay deposits.

Miramar plans to model the EM data and will field-check the anomalies once the tenement is granted.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Miramar Resources Drills Growth at Marylebone Target

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) greeted day one of the Diggers 7 Dealer forum in Kalgoorlie with an announcement of recent aircore drilling results have substantially increased the footprint of the Marylebone prospect at the company’s 80 per cent-owned Gidji JV project in the Eastern Goldfields region of Western Australia.

Miramar Resources released the new results from Marylebone, which included multiple holes with 4m composite samples over one gram per tonne gold that have extended the Marylebone target by approximately 800 metres to the northwest.

The new results have taken the total strike length of the Marylebone prospect to almost two kilometres, however the prospect remains open along strike to the northwest and southeast within Miramar’s existing tenement applications and is virtually untested at depth below about 60m.

New aircore results include:

GJAC303
3m at 1 grams per tonne gold from 52m to EOH;

GJAC304
4m at 1.22g/t gold from 48m;

GJAC310
4m at 1.46g/t gold from 40m;

GJAC315
4m at 1.47g/t gold from 44m;

GJAC318
4m at 1.02g/t gold from 52m;

GJAC328
4m at 1.4g/t gold from 52m; and

GJAC341
4m at 1.33g/t gold from 52m.

“Our systematic aircore drilling continues to grow Marylebone, with the footprint now stretching over almost two kilometres and the tenor of the results apparently increasing towards the northwest,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“The new results are associated with NW trending mafic and/or ultramafic units within the Boorara Shear Zone crosscut by N-S trending structures which is similar to that seen at Paddington.

“The significant gold results occur at the top of weathered mafic/ultramafic basement rocks and are associated with anomalous Ag indicating a probable association with bedrock gold mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

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