Miramar Resources has intersected high-grade gold in the second diamond drill hole at its Glandore East target at the Glandore project in WA.
Drillhole GDDD002 returned 0.8m at 5.91g/t gold within a wider 6.6m mineralised interval just 40m south of the historical high-grade diamond drill intersections at the project.
This is the same drill hole that intersected coarse visible gold within a quartz vein in altered granodiorite last month, and as a result of the coarse gold, repeat assays from the above interval returned individual results as high as 0.4m at 11.28g/t gold.
Miramar’s (ASX:M2R) drilling has now confirmed high-grade gold mineralisation over a strike length of around 90m, with the mineralisation remaining open along strike and at depth.
Excited by the project’s potential
The company also recently completed a detailed UAV magnetic survey over the Glandore Project, including the Glandore East target, which executive chairman Allan Kelly said adds to the company’s excitement about the potential of the target.
“With each new diamond hole, we see substantial alteration and/or sulphide mineralisation and eagerly look forward to receiving the gold results,” he said.
“In addition, the newly acquired detailed UAV magnetic survey data shows there is potential for multiple NNE-trending structures which could potentially host high-grade gold mineralisation,” he added.
Diamond drilling is continuing with holes GDDD003 and GDDD004 drilled 40m north and 160m north (respectively) of the “discovery section”, which includes the historic high-grade diamond drilling results and Miramar’s first hole, GDDD001.
Drillhole GDDD005 will test below the historic diamond holes.
This article was developed in collaboration with Miramar Resources Limited, 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.