Miramar nabs new Gidji tenements, increases strike length to 15km

Miramar Resources has been granted several new tenements within its Gidji Joint Venture project in the Eastern Goldfields of WA.

With the new tenements, the project’s total strike length is now around 15km.

Miramar Resources (ASX:M2R) executive chairman Allan Kelley said most of the tenements were poorly explored and provide the company with additional targets for testing.

“The newly granted tenure includes a 4km-long segment of the Boorara Shear Zone, north of Marylebone, which is hidden under lake sediments and other transported material,” he said.

“There is minimal deep drilling along most of this regionally important structure with only shallow aircore drill traverses spaced at least 500m apart.”

Tenements identified prior to IPO

The newly granted tenure includes several highly prospective and under-explored drill targets that were identified prior to the IPO in 2020 including:

The Jog – large flexure in Boorara Shear Zone with coincident magnetite destruction and gravity anomaly that has never been drilled;
Claypan – 800m long aircore gold anomaly >0.25g/t gold, and limited wide-spaced RC drilling which intersected 1-2g/t gold, within regional structure along strike from Kanowna Belle; and
Lake – 1km long aircore gold anomaly >0.25g/t gold with sporadic high-grade RC intersections including 2m at 6g/t and 2m at 4.9g/t.

Miramar Resources — Gidji JV project showing land position following grant of tenement applications.

Exploration planned shortly

The company plans to conduct further drilling at Gidji once it has completed the current lake aircore drilling campaign at the Glandore Project.

Just last week the Glandore drilling identified a 600m long regolith gold anomaly with results as high as 2m at 4.78g/t of gold.

A lake walking drill rig is expected to take about three weeks to complete the 5500m aircore program on Lake Yindarlgooda.

Miramar’s aim is to increase the drilling detail of the western side of the granite intrusion that feeds the high-grade mineralisation at the East target ahead of diamond drilling.

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.