The Chain Pool project has strong potential having no systematic, modern exploration. Pic: via Getty Images
Miramar Resources kicks off exploration at multi-element Chain Pool project
Mining
share
- Miramar Resources begins rock chip and soil sampling at high-grade Chain Pool
- Company to determine potential strike length of historic copper-lead-zinc-silver occurrence
- Program will also sample dolerite dykes for nickel-copper-cobalt-PGEs
Special Report: Miramar Resources has kicked off rock chip and soil sampling on the hunt for copper, lead, zinc, silver, nickel, cobalt and platinum group metals (PGE) at its Chain Pool project in WA.
The Chain Pool project, 275km northeast of Carnarvon, straddles the boundary between WA’s Gascoyne province and the Edmund Basin.
The western half of the tenement covers a granitoid intrusion of the Durlacher Supersuite, which is the same unit that hosts the Yangibana and Yin rare earths deposits, while the eastern covers sediments of the Edmund Basin intruded by 1465Ma dolerite sills.
Joy Helen, a copper-lead-zinc-silver occurrence, resides on the eastern half of Chain Pool and has been identified over 700m of strike, including 400m outside the Barlee nature reserve.
Modern exploration on historic results
This exploration program will see the company aim to determine the potential strike length of the Joy Helen occurrence, and reconnaissance rock chip sampling of Mundine Well Dolerite dykes for nickel-copper-cobalt-PGEs.
Miramar Resources (ASX:M2R) executive chairman Allan Kelly said the company was looking forward to determining the potential scale of the opportunity at Chain Pool.
“There has not been any systematic exploration at Chain Pool despite the historic high-grade results at Joy Helen, so the potential upside with modern exploration techniques is significant,” he said.
That historic sampling returned several high-grade results including:
- 5.49% copper, 42.0% lead and 73.48g/t silver; and
- 5.43% copper, 36.7% lead, 36g/t silver and 0.27% zinc.
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.
