Miramar Resources Ltd (ASX:M2R) technical director Marion Bush has demonstrated her faith in the company’s gold exploration strategy with the purchase of shares in on-market transactions.
On August 13 and 16, Bush acquired 75,000 shares with a total value of almost $13,700 in a direct interest, increasing the number of securities held after the change to 435,000.
Marylebone drilling increases footprint
The company recently increased the footprint of a high priority prospect within its 80%-owned Gidji Joint Venture Project in WA’s Eastern Goldfields.
A phase three aircore campaign was recently carried out at the Marylebone prospect aimed at better defining its gold prospectivity, with further aircore and reverse circulation (RC) drilling planned on the back of the results.
Promisingly, multiple assays have returned more than 1 g/t gold, increasing the prospect's strike length to almost 2 kilometres.
Beyond this, Marylebone remains open along strike to the northwest and southeast within Miramar’s existing tenement applications, virtually untested at depth below 60 metres.