Miramar kicks off RC drilling at 8 Mile gold target

• Drilling is underway at the Gidji JV, immediately adjacent to Northern Star’s 8-Mile Dam deposit
• Miramar is testing for extensions to 8-Mile Dam under a drill for equity agreement with Topdrill
• The program is set to take two to three weeks

Special Report: Reverse circulation drilling is powering ahead at Miramar’s 8 Mile target within the Gidji JV gold project, just down the road from major gold mining and processing operations including Northern Star’s Kalgoorlie operations.

The program will test for northern extensions to Northern Star’s (ASX:NST) 8-Mile Dam gold deposit under a drill for equity agreement with Topdrill for 40% of the costs up to $500,0000.

The 8 Mile target is adjacent to the 8-Mile Dam gold deposit, which according to the most recent publicly available data contains an estimated 7Mt at 1.4g/t gold for 313,977 contained ounces.

Miramar’s (ASX:M2R) executive chairman Allan Kelly said diamond drilling completed at the site in 2021 had intersected the 8-Mile Dam geology but it appeared the mineralisation may have been offset by faulting.

“Given the association between gold mineralisation and sulphides at 8-Mile Dam, we conducted a series of Induced Polarisation surveys to locate the gold mineralisation on our side of the tenement boundary,” he said.

“Those IP surveys, along with significant aircore gold and pathfinder results, indicate that any northern extension to 8-Mile Dam may have been offset by northeast-trending faults.

“We now have a better idea of where to target our drilling and the recently signed drill-for-equity agreement with Topdrill allows us to maximise our drilling budget with deeper drilling and more holes.”

Background on Gidji

The Gidji gold project is one of three projects held by Miramar in WA’s Eastern Goldfields.

It contains 15km of strike of the Boorara Shear Zone, which hosts several gold deposits and a complex mix of ultramafic, mafic volcanic and sedimentary rock types.

Despite the asset being surrounded by multiple gold mining and processing operations, it has been underexplored due to extensive shallow transported cover and the Gidji Paleochannel which crosscuts the most prospective basement geology.

Since beginning exploration in late 2020, Miramar has made multiple large new supergene gold discoveries with systematic aircore drilling and has defined multiple bedrock targets for deeper drilling.

It believes there’s potential for the discovery of a new gold camp with multiple deposits within the Gidji JV.

Watch: Miramar Resources – Gidji gold hunt back on with drill-for-equity deal

What’s next?

M2R said RC drilling would test multiple IP targets at 8 Mile and would take about two to three weeks to complete.

Meanwhile, the aircore drilling campaign and Sub-Audio Magnetic (SAM) survey at Gidji have both been completed, and results will be released once received and compiled.

In addition, preparations are underway for commencement of the EIS-co-funded detailed airborne magnetic and VTEM survey at the Bangemall Ni-Cu-PGE Projects in mid-July; and a field trip to conduct further soil and rock chip sampling is also planned for the high-grade Chain Pool Cu-Pb-Zn-Ag Project following completion of RC drilling at Gidji.

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.