Drilling coming up trumps for Miramar Resources at Glandore as large gold anomaly emerges
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The first aircore drilling at Miramar Resources’ Glandore project just 40km east of Kalgoorlie has come up trumps, identifying a major gold anomaly.
Aircore drilling by Miramar Resources (ASX:M2R) has outlined a 600m long regolith gold anomaly at Glandore, with results as high as 2m at 4.78g/t of gold.
The north-east trending gold to the south of Lake Yindarlgooda opens mineralisation at Glandore towards the East Target where historic drill intercepts including results of 6m at 29.8g/t and up to 1m at 161g/t of gold.
A 5500m aircore drilling program has begun on Lake Yindarlgooda itself with a lake walking drill rig expected to take about three weeks to complete the drill drive.
Miramar’s aim is to increase the drilling detail of the western side of the granite intrusion that feeds the high-grade mineralisation at the East target ahead of diamond drilling.
Purchased from South African gold giant AngloGold Ashanti ahead of its IPO last year, Glandore is one of two priority projects owned by Miramar alongside its Gidji JV project, which abuts Super Pit owner KCGM’s northern tenement boundary.
“The Glandore Project provides another fantastic opportunity for our company to make a significant gold discovery close to Kalgoorlie,” Miramar executive chairman Allan Kelly said.
“Like Gidji, Glandore is very underexplored despite some significant high-grade gold results,” he added.
“We are therefore looking forward to systematically testing the project, given our first aircore campaign has already turned up results worthy of follow up,” he said.
Kelly, best known for the vaunted Andy Well gold discovery with Doray Minerals, told Stockhead last month he believed both major projects had 1-2 million ounce potential.
“They are in the best location if a deposit of that sort of scale emerges, just kilometres from one of the world’s premier gold mining and processing hubs in the WA Goldfields.”
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.