Miramar is gaining a bird’s eye view of Mt Vernon
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Miramar is looking to gain further insight into its Mt Vernon nickel-copper-PGE target in Western Australia’s Gascoyne region by flying a VTEM survey over the entire tenement.
The 437sqkm target is characterised by historical platinum group element (PGE) stream sediment and soil anomalies, the largest of which stretches for almost 10km on the margin of a dolerite sill, with palladium values up to 25 parts per billion.
Despite this, there has been minimal historical drilling in the area and none completed as part of any previous nickel-copper-PGE drilling, while a previous survey carried out by GSWA and Geoscience Australia in 2013 highlighted two large electromagnetic (EM) anomalies.
Miramar Resources (ASX:M2R) is looking to address this with the Versatile Time Domain Electromagnetic (VTEM) survey over the tenement with north-south lines spaced 400m apart.
“The Mt Vernon target is a very large land position with some exciting regional-scale indications of potential Ni-Cu-PGE mineralisation,” executive chairman Allan Kelly said.
“The major crustal-scale structures indicate a potential plumbing system whilst the regional-scale geochemical and geophysical surveys highlight potential evidence for sulphide deposition.
“This new, more detailed EM survey will give us a great project-scale dataset to work with for the first time, which will help us focus on the most prospective parts of the project for further work.”
Adding further interest, Mt Vernon is just one of several exploration licences that make up the company’s 1,750sqkm Bangemall project.
Bangemall covers a major crustal-scale structure at the contact between the Yilgarn and Pilbara cratons that has been highlighted as having high prospectivity for Proterozoic craton-margin nickel-copper-PGE mineralisation and/or rare earth elements mineralisation.
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.