Miramar confirms Highway gold discovery, plans 12,000m drilling program

Miramar Resources has confirmed the Highway discovery at its Gidji JV project in WA with more ‘significant’ gold results.

The new drilling results include:

5m at 0.87g/t gold from 48m, including 1m at 1.87g/t;
1m at 2.9g/t from 52m;
4m at 2.95g/t from 48m, including 3m at 3.78g/t;
8m at 0.77g/t from 48m, 4m at 1.13g/t; and
1m @t 2.53g/t from 51m.

Plus, the gold footprint has a strike length of over 1km and remains open in all directions.

Uncovering Gidji’s full potential

Miramar Resources (ASX:M2R) executive chairman Allan Kelly said the new results emphasised the significant gold potential at Gidji being realised through systematic exploration.

“Over the past 18 months, we have outlined four large new gold targets at Gidji, each at least 1km long, and with multiple bedrock aircore intersections including several high-grade gold results,” he said.

“Despite straddling the Goldfields Highway and being located less than a 10-minute drive from Kalgoorlie, the Gidji Project has clearly not been effectively explored until now,” he added.

“With only a handful of deeper holes completed to date, and many more planned, we look forward to continuing to uncover the full potential of the Gidji JV Project.”

12,000m of aircore drilling planned

Further aircore drilling at the Blackfriars and Highway targets is planned with the aim of outlining the full extents of the targets before deeper RC and/or diamond drill testing.

A 12,000m campaign will start at the Boorara North target, which includes a further 4km long unexplored segment of the Boorara Shear Zone.

Miramar says the local geology of the Boorara North target is interpreted to match that of the Paddington and Panglo deposits and the Marylebone-Blackfriars-Highway area – and has potential for gold and/or nickel sulphide mineralisation.

This article was developed in collaboration with Miramar Resources Limited, 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.