Miramar launches Gidji aircore drilling to capture true scale of growing Marylebone target
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Miramar Resources is drilling down to capture the full scale of its priority Marylebone target at the Gidji JV near Kalgoorlie.
The gold explorer has launched a new 10,000m aircore program looking to extend and infill the major prospect ahead of bedrock drill testing next year.
The program will be key for Miramar (ASX:M2R) to work out just what it has on its hands, with the company determined not to leave questions unasked before drilling deeper into the Marylebone prospect with RC rigs next year.
Marylebone is at least 2km long and bears geological similarities to the multi-million ounce Paddington deposit some 10km along strike to the northwest.
It remains open in that direction.
“Marylebone continues to grow with each drilling campaign, with the most significant results coming from the northwestern end of the target which currently remains open,” Miramar executive chairman Allan Kelly said.
“We therefore want to make sure we fully understand the size of the target when we commit to RC and/or diamond drilling in the new year.”
The 10,000m aircore drive is expected to finish ahead of Christmas.
The aircore program is not the sole focus of Miramar at Gidji right now.
It has also commissioned an extension to the previous ground magnetic survey over Marylebone, covering recently granted tenements to the northwest and southeast.
Miramar says new data already compiled from the survey has highlighted and refined the basement geology and structures within the Boorara Shear Zone to the northwest of Marylebone where the current drilling is taking place.
The survey also ran over an area of subdued magnetics southeast of Marylebone over a target known as “The Jog”.
This highlighted a surficial feature interpreted as a shallow channel filled with maghemite.
More ground magnetic surveys will take place over the northern part of the Gidji JV – Miramar owns 80% – targeting an underexplored segment of the Boorara Shear Zone stretching over 4km.
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.