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Miramar’s high-grade gold hit proves link between supergene and bedrock mineralisation
Mining
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Miramar’s step-out drilling has confirmed that high grade gold mineralisation at its Glandore East project in WA is present beyond historical limits.
Hole GDDD004, which was drilled 150m north of historical high-grade diamond drill results, returned a 0.8m intersection grading 12.6 grams per tonne (g/t) gold (including 0.4m @ 23.0g/t Au) about 50m below a zone of supergene gold mineralisation intersected by historical aircore drilling.
Notably for Miramar Resources (ASX:M2R), the result extends high-grade mineralisation over a strike length of about 240m.
“The new results are extremely significant as they have substantially increased the strike length of high-grade bedrock gold mineralisation intersected to date,” executive chairman Allan Kelly said.
“In addition, the new results also reinforce the strong relationship between the shallow aircore intersections and deeper high-grade bedrock gold mineralisation.”
This correlation is hugely important given that the deeper high-grade mineralisation remains open along strike and at depth while the aircore gold footprint stretches for well over a kilometre.
More results to come
With its initial diamond drill program at Glandore East now completed with assays pending for the final two holes – GDDD006 and 007 – the company could soon have further confirmation of the relationship between the aircore intersections and bedrock gold.
Further drilling will be planned once all results are received and interpreted.
Miramar is also considering completing a more detailed ground and/or UAV magnetic survey to help refine the multiple northeast-trending, and potentially mineralised, structures at the contact between the granodiorite and the mafic units.
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.
