Miramar Resources gallops ahead with exploration at Bangemall after modelling multiple conductive plates at first target
Special Report: Miramar Resources is progressing a fixed loop electromagnetic survey over Mount Vernon and Trouble Bore at its Bangemall project in WA’s Gascoyne region after modelling multiple conductive plates at the first target.
Bangemall has the potential for Norilsk-style nickel, copper and platinum group element (PGE) mineralisation related to Kulkatharra Dolerite sills, which are part of the Warakurna Large Igneous Province and the same age as the large Nebo and Babel nickel-copper deposits in the West Musgraves.
The company also has a commanding land position in this potential new nickel-copper-PGE province.
Previous Versatile Time Domain Electromagnetic (VTEM) surveying carried out by Miramar Resources (ASX:M2R) identified multiple late-time anomalies where a dolerite sill intrudes into sulphidic sediments.
Reconnaissance rock chip sampling identified coarse-grained sulphides at several locations and in mid-January the company started the FLEM survey to test several VTEM anomalies and to refine targets for future drill testing.
The FLEM survey has already modelled multiple south-dipping conductive plates covering 700m by 700m under the dolerite sill and where disseminated sulphides are observed in outcropping gabbro at Vernon Gap, the first target tested by the survey.
There is no previous drilling in this area and the geophysical survey crew have moved on to the second target, about 10km east of Vernon Gap.
“We are the first company to conduct any systematic exploration for this style of deposit in the Bangemall area, so to identify sulphides in dolerite and gabbro, albeit pyrite, and conductors at our first target is pretty exciting,” executive chairman Allan Kelly said.
“We believe the Bangemall has the potential to be an entirely new nickel province in which we have built a commanding land position, and we look forward to continuing to uncover the potential of this very large project.”
M2R intends to complete the FLEM survey over selected VTEM anomalies at Mount Vernon and Trouble Bore.
It will then apply for funding under the WA government’s Exploration Incentive Scheme before carrying out reverse circulation drilling.
The company also plans to continue expanding its holding by progressing other tenement applications to grant and identifying other prospective areas to peg and/or acquire.
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.