Miramar reverse drilling gives a big thumbs up – Marylebone has the same heroic DNA as the Paddington sequence at Gidji JV
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Miramar has been actively exploring at Gidji since listing on the ASX in October 2020 and is narrowing its path of discovery for one or more significant new gold deposits within the strategic 60 square kilometre land package.
The WA-based mineral exploration company says it is looking forward to unpacking a substantial number of assay results from the extensive 10,000m air core program undertaken in December 2021.
In the meantime, several reverse circulation (RC) holes have been completed over the Marleybone target, where drilling aims to provide information about the bedrock geology.
In fact, drilling confirmed the local geology of the Marylebone target closely follows the geological sequence at the Paddington gold deposit, around 10km along strike to the northwest.
Miramar (ASX:M2R) says old assays have been received and, although they repeat the supergene gold anomalism seen in the air core drilling, they shot past the significant bedrock gold mineralisation on this cross-section.
It appears both the “Paddington Dolerite” and “Panglo Mafic” mafic intrusive units are present, however, with GJRC008 intersecting 3m at 1.16g/t gold directly above the Panglo unit, and quartz veining present at the contact between the interpreted Paddington Dolerite and the interpreted Mt Corlac ultramafics.
Miramar is now awaiting on multi-element results for this drilling including pathfinder elements such as silver, arsenic, and tungsten.
This information, along with the outstanding air core assays, will assist in further understanding the bedrock geology and help focus in on the bedrock source of the extensive regolith gold footprint.
Miramar’s executive chairman Allan Kelly, said that given the many similarities between Marylebone and the Paddington deposit, the company and its team were excited and confident of new gold discoveries at Gidji, including at Marylebone.
“At Marylebone, we have the right rocks, the right structures and lots of smoke in the form of aircore gold and pathfinder anomalism,” Kelly said.
“Our task is to find the source of that smoke as cost effectively as possible,” he added.
“In addition to Marylebone we have also identified many other drill targets at Gidji including Blackfriars, Highway, Boorara North and The Jog, and look forward to systematically testing each of these,” he said.
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.