Miramar Resources Ltd (ASX:M2R) has received multiple, high-grade gold results from aircore drilling at its 80%-owned Gidji JV Project in WA.
Following an exploration update on Wednesday, Miramar detailed thick, primary gold intersection in resplits of one of its aircore holes, measuring 5 metres long at 2.51 g/t and open to the northwest.
And it’s not just aircore drilling making headway at Gidji: reverse circulation (RC) and diamond drill rigs are now turning the soil at the high-priority Marylebone East target.
Several of the high-grade gold results covered in today’s announcement come from Marylebone East, where the company recently announced that RC drilling intersected a highly altered and sulphidised dolerite.
Next challenge: deeper RC/diamond drilling
Miramar executive chairman Allan Kelly said the new results reinforced the company’s belief that Gidji had the potential to host multiple new gold deposits.
“With each aircore drilling program we complete at Gidji, we continue to receive multiple significant and/or high-grade gold results across several of our targets,” Kelly said.
“Almost without exception, these results are now coming from weathered basement beneath transported material and are supported by pathfinders, with GJAC562 a good example of this.
“So far, we have outlined multiple very large aircore gold footprints. Our next challenge is to cost-effectively locate the primary source of these footprints with deeper RC and/or diamond drilling,” he added.
What’s to come?
There are several exploration programs in the pipeline at Gidji, including a 10,000-metre Boorara North aircore drilling campaign.
Miramar also hopes to soon report assays from its Blackfirars and Highway aircore drill campaigns, which were completed in April.
Follow-up aircore and/or RC drilling at these two high-priority targets is expected once the results are received and interpreted.
Other proposed work at Gidji includes:
- an IP survey over the 8Mile target to help refine potential further diamond drilling; and
- delivering soil sampling results from The Jog target, with RC and/or diamond drilling planned.
Parallel to the work programs at Gidji, the company is:
- locating a suitable rig to complete diamond drilling on the lake at Glandore East;
- planning reconnaissance aircore drilling at the Randalls project;
- conducting gravity and heritage surveys at Whaleshark in preparation for aircore drilling; and
- planning geochemical sampling of the late-time electromagnetic anomalies identified at Mt Vernon and a reconnaissance visit to the Blue Bar prospect, both within the Bangemall nickel-copper-platinum group elements project.