Drilling at Glandore off to phenomenal start after Miramar strikes visible gold first go
Miramar Resources has an embarrassment of riches with its cavalcade of gold targets around Kalgoorlie, and signs are pointing to another success at its Glandore East target near the historic gold mining town.
Miramar’s (ASX:M2R) very first diamond hole at Glandore East has struck shallow high grade gold, with coarse visible gold in its core.
That’s a rare occurrence. Many geologists never get the opportunity to see that happen in their careers, as gold is usually disseminated and found in such small accumulations that it is invisible to the naked eye.
Named GDDD001, those positive results came even after drillers encountered difficulties at the contact between the base of lake sediments and weathered basement, resulting in core loss in the upper part of the 78.66m hole.
Intended to test the interpreted position of two high veins seen in historic drilling, which includes mineralization of up to 6m at 29.8g/t, significant results did not disappoint.
These results confirm the continuity of westerly-dipping gold mineralisation for around 100m down dip, with two mineralised structures at the target still open at depth.
It is also open north and south for 80m in each direction, a positive start with the current programme to test Glandore East with multiple holes over a strike length of around 500m.
“We believe there is potential for multiple NNE-trending high-grade veins at Glandore East, as well as substantial supergene mineralisation, and we are off to a good start with the first hole,” Miramar executive chairman Allan Kelly said.
“The previous diamond drilling was sporadic and it appears the strike and/or dip extent of these interpreted structures has not been effectively tested.
“We look forward to continuing the current diamond drilling programme.”
The lake based Glandore project is not the only drilling campaign a busy Miramar has going right now.
M2R is also waiting for results from an aircore program at the Boorara North target at the Gidji JV, with interface aircore drilling of iron oxide copper-gold targets at the Whaleshark project near Onslow also progressing.
Aircore drilling is also due to begin soon at the Randalls project near Glandore, some 70km east of Kalgoorlie.
This article was developed in collaboration with Miramar Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.