Miramar Resources Limited (ASX:M2R) has intersected shallow high-grade gold mineralisation, including coarse visible gold in the first diamond drill hole completed at the Glandore Project in Western Australia.
Miramar’s 100%-owned Glandore Project is located approximately 40km east of Kalgoorlie, in the Eastern Goldfields region.
Historic drilling at the “Glandore East” target previously intersected high-grade gold mineralisation, up to 6m @ 29.8g/t Au, at the contact between a layered mafic sill and a later granitoid intrusion.
Miramar’s first diamond hole at Glandore, GDDD001, intersected four zones of gold mineralisation, including coarse visible gold in a quartz vein within a felsic porphyry. The drillers encountered difficulties at the contact between the base of lake sediments and the weathered basement resulting in significant core loss in the upper part of the hole.
GDDD001 was subsequently terminated at 78.66m after testing the interpreted position of the two high-grade veins seen in the historic drilling.
Significant results from GDDD001 are as follows: • 2.0m @ 2.45g/t Au from 32m, (includes 0.46m interval of lost core)
• 1.3m @ 3.34g/t Au from 47m (followed by 0.3m interval of lost core)
• 0.7m @ 13.85g/t Au from 65.98m (includes coarse visible gold)
• 0.8m @ 3.58g/t Au from 71.2m
With the historic drilling, the new results confirm the continuity of westerly-dipping gold mineralisation for approximately 100m down-dip, with two of the mineralised structures remaining open at depth on this section.
The mineralisation remains open to the north and south for at least 80m in each direction.
Miramar’s Executive Chairman, Allan Kelly, said the new results reinforced the company’s view that Glandore East could host significant and/or high-grade gold mineralisation.
“We believe there is potential for multiple NNE-trending high-grade veins at Glandore East, as well as substantial supergene mineralisation, and we are off to a good start with the first hole,” he said.
“The previous diamond drilling was sporadic and it appears the strike and/or dip extent of these interpreted structures has not been effectively tested.
“We look forward to continuing the current diamond drilling programme,” Mr Kelly said.
The current programme will test the Glandore East target with multiple diamond holes over a strike length of approximately 500m.
For further information please visit: https://www.miramarresources.com.au/
