Miramar is keeping busy as the hits keep coming from Gidji
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Miramar has received further high-grade gold assays from shallow aircore drilling at the Marylebone West and Marylebone East targets within its Gidji JV project in WA’s Eastern Goldfields.
While the company recently started deeper reverse circulation and diamond drilling to test for the source of gold mineralisation at Marylebone East, the latest top hit of 5m at 2.51g/t gold and 12.3g/t silver in hole GJAC562 further reinforces the prospectivity of the target.
Mineralisation intersected by GJAC562 also remains open to the northwest and north for at least 200m, paving the way for Miramar Resources (ASX:M2R) to extend the find with more drilling.
“With each aircore drilling program we complete at Gidji, we continue to receive multiple significant and/or high-grade gold results across several of our targets,” executive chairman Allan Kelly says.
“Almost without exception, these results are now coming from weathered basement beneath transported material and are supported by pathfinders, with GJAC562 a good example of this.
“So far, we have outlined multiple very large aircore gold footprints. Our next challenge is to cost effectively locate the primary source of these footprints with deeper RC and/or diamond drilling.”
Assays are currently pending for about 100 aircore holes completed across the Blackfriars and Highway targets in April 2022.
Miramar noted that at least one of these holes at the previously untested Highway target had intersected fresh sulphides and quartz veining in a porphyritic intrusive unit.
It noted that the widespread presence and relatively consistent depth of supergene gold mineralisation at the top of the weathered basement means that in addition to significant potential for new primary gold deposits, there could also be potential for one or more flat-lying supergene gold deposits with high-grade material at Gidji.
Besides the current RC and diamond drilling at Marylebone East, the company is also planning to carry out 10,000m of aircore drilling at Boorara North pending final heritage approval and site preparation.
Additionally, interpretation of a recent 3D induced polarisation survey over the 8-Mile target will help target potential diamond drilling while final soil sampling results are pending from The Jog target.
Outside of Gidji, Miramar is waiting on a suitable lake rig to complete diamond drilling at Glandore East and is preparing for gravity and heritage surveys at the Whaleshark IOCG project.
It is also planning to carry out geochemical sampling of the late-time electromagnetic anomalies identified at Mt Vernon and a reconnaissance visit to the Blue Bar prospect within the Bangemall nickel-copper-platinum group element project.
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.