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Miramar Resources Gets Exploration Underway at Chain Pool Project

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has kicked off exploration activities at the company’s Chain Pool project in the Gascoyne region of Western Australia.

Miramar Resources has mobilised a field crew to the Chain Pool project to:
• determine the potential strike length of the Joy Helen Cu-Pb-Zn-Ag occurrence; and
• carry out reconnaissance rock chip sampling of Mundine Well Dolerite dykes for nickel-copper-cobalt-PGEs.

The Chain Pool project is located approximately 275 kilometres northeast of Carnarvon and straddles the boundary between a Durlacher Supersuite granite, which hosts the Yangibana and YIN REE deposits, and sedimentary rocks and dolerite sills of the Edmund Basin, including the high-grade Joy Helen copper lead-silver-zinc occurrence.

“The company is looking forward to determining the potential scale of the opportunity at Chain Pool,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“There has not been any systematic exploration at Chain Pool despite the historic high-grade results at Joy Helen, so the potential upside with modern exploration techniques is significant.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Miramar Resources Identifies High Priority Bedrock Gold Target at Gidji JV

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has upgraded the 8-Mile target within the company’s Gidji JV project outside of Kalgoorlie in Western Australia.

Miramar Resources achievd the upgrade via reprocessing of geophysical data of the 8-Mile target that is located at the southern boundary of the Gidji JV project and abuts Northern Star Resources’ 8 Mile Dam gold deposit.

The company has interpreted the reprocessed data to demonstrate a well-defined gravity and Induced Polarisation (IP) anomaly north of the 8 Mile Dam Resource, which appears to have been offset by a SW-NE trending fault and underlies numerous aircore end of hole (EOH) results.

Miramar believes the combination of the multiple coincident datasets increases the potential for an extension to the 8 Mile Dam deposit within the Gidji JV project.

“We have multiple high-grade end of hole aircore gold results overlying an IP and gravity anomaly which looks very similar to the 8 Mile Dam gold deposit immediately south of our tenement boundary,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“The geophysical data suggests that the deposit may extend into our ground but has been offset approximately 400 metres to the northeast by a fault.

“The 8-Mile offset target is within reach of RC drilling and, unlike the targets further north, there is no paleochannel covering the basement geology.”

Miramar is reviewing options for testing the offset 8-Mile target including aircore drilling and/or RC drilling.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Miramar Resources Scores EIS funding for Bangemall Drilling

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has picked up funding via Western Australia Government’s Exploration Incentive Scheme (EIS) to drill at the company’s 100 per cent-owned Bangemall projects in the state’s Gascoyne region.

Miramar Resources has been awarded up to $180,000 by the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) to be put towards the drilling campaign, which will target Norilsk-style nickel, copper, cobalt and platinum group element mineralisation at the Mount Vernon and Trouble Bore projects.

“Over the last 24 months, the company has advanced the Bangemall projects from an exploration concept to regional-scale area selection followed by collection of project-scale datasets and, more recently, to delineation of individual drill targets through ground EM surveys,” Miramar Resources executive chairman Allan Kelly said in th company’s ASX announcement.

“We have the opportunity to make a discovery of a new style of mineralisation in an underexplored geological province where we are the dominant landholder.”

Upcoming work will focus on Miramar’s initial aim, which is to demonstrate ‘proof of concept’ of its Norilsk-style deposit model by discovering nickel, copper, cobalt and platinum group element sulphide mineralisation.

Upcoming work is to involve completion of heritage surveys where required, systematic rock chip sampling, RC drilling, and working towards grant of various tenement applications.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Miramar Resources Ground EM Surveys Outline Multiple Bangemall Drill Targets

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has identified multiple drill targets at the company’s 100 per cent-owned Mount Vernon and Trouble Bore projects in the Gascoyne region of Western Australia.

Miramar Resources made the identification via ground electromagnetic (EM) surveys comprising a mixture of Fixed Loop (FLTEM) and Moving Loop (MLEM) methods that tested five airborne EM anomalies within the Mount Vernon and Trouble Bore projects.

The company said the survey confirmed and refined each of the airborne EM anomalies and outlined large shallow conductive drill targets consistent with its Norilsk-style nickel-copper-cobalt-PGE deposit model.

“The company is excited about the district-scale opportunity evolving within the Bangemall projects and we look forward to the maiden drilling campaign,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Whilst many nickel producers are under pressure at the moment, mafic intrusion-hosted deposits such as Nova and Nebo Babel can be large and very valuable, due to the mix of metals present, which makes them immune to short-term fluctuations in the nickel price.

“At Mount Vernon and Trouble Bore, we are seeing all the ingredients needed for the formation of this type of deposit.

“We have nickel and copper-bearing dolerite sills intruding into sulphidic sediments, evidence of differentiation, including mafic cumulate rocks, and indications of accumulations of conductive sulphides within and/or beneath the sills.”

Miramar explained its initial aim is to show ‘proof of concept’ of its Norilsk-style deposit model by discovering nickel-copper-cobalt-PGE sulphide mineralisation.

This has been its objective over the past 24 months as it has progressed from regional-scale area selection to collection of project-scale datasets and, more recently, to delineation of individual drill targets.

Upcoming work is to include systematic rock chip sampling and preparation for the initial drilling campaign.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Miramar Resources Identifies Uranium Targets at Bangemall

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THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has added uranium to the suite of commodities it is chasing within the company’s 100 per cent-owned Bangemall projects, in the Gascoyne region of Western Australia.

Miramar Resources reported identification of numerous large uranium targets within the Bangemall project area.

The targets emerged via regional radiometric data the company said to show multiple large and high-amplitude uranium anomalies that stretch over at least 100 kilometres of strike and across several of Miramar’s tenements.

Miramar has defined a 60-kilometre-long uranium anomaly within the Cheyne Springs target towards the northern edge of the Edmund Basin, at the contact with the older Ashburton Basin rocks.

The company explained the large radiometric anomaly has been virtually unexplored except for a few wide-spaced historic rock chip samples.

Miramar is now working towards grant of the tenement applications at Cheyne Springs, and the adjacent Blue Bar target.

“Our Bangemall landholding has potential for multiple commodities and deposit types,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“Proterozoic orogens throughout Australia and worldwide host many large base and precious metal deposits, and we believe the Capricorn Orogen should be no exception.

“Whilst our current focus is on exploring for Norilsk-style nickel, copper and platinum group elements at our Mount Vernon and Trouble Bore projects, we have a very long list of attractive exploration targets we aim to systematically explore.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE