The company is looking for Norilsk-style mineralisation. Pic: Getty Images.
Miramar Resources chases ‘Norilsk’ style targets in maiden Bangemall drilling campaign
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- M2R has kicked off maiden drilling at its Bangemall Ni-Cu-Co-PGE projects
- Drilling is being co-funded by the WA Government’s Exploration Incentive Scheme
- Company will test several anomalies at Mount Vernon and Trouble Bore
Special Report: Miramar Resources has commenced maiden drilling at its Bangemall nickel-copper-cobalt-Platinum Group Element project, co-funded by the WA Government’s Exploration Incentive Scheme.
The project is part of a geological province in WA’s Gascoyne region that is the same age as the Giles Complex which hosts the large Nebo and Babel Ni-Cu deposits in the West Musgraves.
And the region has been identified by the Geological Survey of Western Australia, Geoscience Australia and the CSIRO as having high prospectivity for mineralisation associated with the Kulkatharra Dolerite sills – a feature that reads like the giant Norilsk Ni-Cu-PGE deposits in Russia.
Miramar Resources’ (ASX:M2R) campaign will be the first drill drive to target Norilsk-style mafic intrusion-hosted Ni-Cu-Co-PGE deposits within the Capricorn Orogen of WA.
The RC drilling will test several airborne +/- ground EM anomalies at Mount Vernon and Trouble Bore.
Looking for profitable nickel mineralisation
Miramar executive chairman Allan Kelly said mafic intrusion-hosted magmatic Ni-Cu-Co-PGE deposits were some of the largest and most valuable metal deposits in the world, remaining profitable at low nickel prices and therefore worth exploring for even in the current depressed nickel market.
“The Edmund and Collier Basins are recognised by the GSWA, Geoscience Australia and the CSIRO as displaying all the key ingredients for Norilsk-style mineralisation: major deep crustal-scale structures, Warakurna-age dolerite sills and extensive sulphide and/or sulphate-rich sedimentary units,” Kelly said.
“In addition to providing financial assistance, the EIS funding is further endorsement of the merits of Miramar’s geological model and targeting to date.
“We’ve spent the last 3 years gathering data and developing these targets, so we’re excited to be commencing our maiden drill campaign and testing our concepts.”
This initial drilling program will comprise approximately 2,500m and is expected take 2-3 weeks to complete.
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.
