Miramar’s chances of striking the big one grow after high-grade gold hits at Marylebone West
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Miramar’s belief that multiple significant gold deposits are present at its Gidji joint venture project has received further validation after making multiple high-grade hits at Marylebone West, Blackfriars and its new 1-kilometre long “Highway” target, the third new gold discovery at Gidji by Miramar since listing.
Notable results from the April aircore drilling at Marylebone around the discovery hole GJAC096 include 7m at 3.23 grams per tonne (g/t) gold from 57m including 3m at 7.12g/t gold (GJAC649) and 5m grading 2.52g/t gold from 56m including 1m at 12.6g/t gold (GJAC646).
Results of the closer-spaced drilling – including pathfinder elements such as silver and tungsten – has outlined an east-west trending anomaly which may indicate the presence of an east-west striking bedrock structure.
Miramar Resources (ASX:M2R) noted that based on the consensus that the Boorara Shear Zone underwent sinistral strike-slip deformation, at the same time as the regional gold mineralising event, the most likely direction for extensional mineralised veins would be in a roughly east-west direction, almost parallel to the limited RC drilling conducted so far.
Drilling also returned a 3m at 1.07g/t gold intersection in weathered mafic rocks at the southern end of the Blackfriars target, which is open to the southeast while maiden drilling at the Highway target hit 4m at 2.95g/t gold and 5m at 0.87g/t gold.
Executive chairman Allan Kelly said the Highway results underscored the significant gold potential at Gidji being realised by systematic drilling.
“We have now outlined four new targets at Gidji since listing, each at least 1km long, and with multiple bedrock aircore gold intersections including several high-grade results up to 13g/t gold,” he added.
“It is quite amazing that we can do this, adjacent to a major highway and only 15km from Kalgoorlie, which hosts one of the largest single gold deposits in the world.”
Miramar is poised to kick off a substantial aircore drilling campaign over the Boorara North target which includes an underexplored 4km long segment of the Boorara Shear Zone.
Boorara North is interpreted to have similar geology to the Paddington deposit and the Marylebone-Blackfriars-Highway area and has potential for gold and nickel sulphide mineralisation
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.