A review of historical data has come through for Miramar Resources, with multiple electro-magnetic (EM) conductors identified in the Dooley Downs tenement application.

The tenement is within the company’s Bangemall nickel-copper-platinum group element (PGE) project in WA and is one of seven granted exploration licences and/or applications in the region.

It’s worth noting that Bangemall caught Miramar Resources’ (ASX:M2R) eye via the same Geoscience Australia map that contained early inspiration for the Julimar discovery – which turned Chalice Mining (ASX:CHN) into a $2.5 billion company.

M2R
Pic: Dooley Downs is one of Miramar’s seven applications/licences in the Bangemall region.

Dooley Downs prospect

The review of historical data conveniently found a detailed magnetic/EM survey which covers the central quarter of the Dooley Downs tenement.

Historical surface geochemical sampling at the prospect has been sporadic and mostly focused on exploration for manganese – and most samples have not been assayed for nickel or copper.

Plus, none of the samples have been taken directly over the EM conductors and there’s no evidence for any relevant historical drilling around the conductors.

This adds to Miramar’s confidence that the region is prospective for craton-margin nickel-copper-PGE mineralisation – like that discovered at Nova-Bollinger and Nebo-Babel, and the giant Norilsk and Voisey Bay deposits.

And the company is primed to take advantage of its foothold in the region.

Once the tenement is granted, Miramar will model the EM data and will field-check the anomalies.

 

 

 

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.

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