Miramar Resources Ltd (ASX:M2R) continues to remain prospective for gold mineralisation at its 100%-owned Lang Well Project in the Murchison region of Western Australia.
The company recently completed a detailed UAV magnetic survey over the covered southeastern portion of the project and a field trip aiming to locate and sample recorded pegmatite occurrences.
In total, 31 rock chip samples of outcropping pegmatites were taken and analysed for gold and a multi-element suite including lithium and rare earth elements (REEs).
Furthermore, Miramar is also completing a follow-up Induced Polarisation survey over the 8-Mile target, at the Gidji JV, while commencement of an infill gravity survey at the Whaleshark IOCG Project has been delayed several times by recent unseasonal rainfall events.
Focus on prospective projects
Miramar executive chairman Allan Kelly said: “While the prospectivity of the pegmatites had been downgraded, the project remained prospective for gold mineralisation.
“While the results from the pegmatite samples were disappointing, Lang Well remains prospective for gold, given its location between the Deflector and Rothsay deposits, and we plan to conduct aircore drilling later in the year.”
“We will now continue to focus on our more prospective projects, including the Gidji JV Project in the Eastern Goldfields.
“We are also preparing to mobilise field crews to our northern WA projects over the next few months, including Whaleshark and Mt Vernon, where we look forward to testing the potential for IOCG and Ni-CuPGE mineralisation respectively.”
Waiting on assays
Miramar is waiting on a significant number of assay results from the Gidji JV Project, situated 15 kilometres north of Kalgoorlie, including:
- results from recent RC drilling at Marylebone East;
- aircore drilling results from the Blackfriars and Highway targets; and
- results from a soil sampling grid completed over The Jog target.
About Miramar
Miramar is a mineral exploration company with highly prospective exploration projects in the Eastern Goldfields, Murchison and Gascoyne regions of Western Australia.
The company, which listed on the ASX in October 2020, has three underexplored gold projects near Kalgoorlie – Gidji JV, Glandore and Randalls.
Miramar also has two projects in the Murchison in under-explored greenstone belts – Lang Well and Lakeside – and two in the Gascoyne region – Whaleshark and Bangemall – all prospective for either nickel-copper-platinum group elements and/or gold.
Furthermore, the company’s board has a track record of successful discovery, development and production within Australia, Africa and North America.