Miramar Resources Limited (ASX:M2R) has obtained “significant” drill results, including several high-grade gold results, from its 80%-owned Gidji JV Project, located 15km north of Kalgoorlie in the Eastern Goldfields of Western Australia.
Miramar has been actively exploring at Gidji since listing on the ASX in October 2020 and believes there is potential for the discovery of one or more significant new gold deposits within the Project.
The new results include multiple high-grade gold results from both the Marylebone West target and the new 1-kilometre long “Highway” target, the third new gold discovery at Gidji by Miramar since listing.
April 2022 aircore drilling
The company has (finally) started receiving assay results from the April 2022 aircore drilling campaign at the Marylebone, Blackfriars and Highway targets.
Significant results include infill holes around the Marylebone discovery hole, GJAC096, including:
• GJAC645 – 2m @ 4.72g/t Au (56-58m)
• GJAC646 – 5m @ 2.52g/t Au (56-60m) including 1m @ 12.6g/t Au
• GJAC647 – 1m @ 2.55g/t Au (59-60m) • GJAC649 – 7m @ 3.23g/t Au (57-64m) including 3m @ 7.12g/t Au
The results of the closer-spaced drilling, including from pathfinders such as silver and tungsten, outline a E-W trending anomaly which may indicate the presence of an E-W striking bedrock structure.
The consensus is that the Boorara Shear Zone underwent sinistral strike-slip deformation, at the same time as the regional gold mineralising event, before later displacement along N-S trending D4 faults.
In this environment, the most likely orientation for extensional mineralised veins would be in a roughly EW direction, which is almost parallel to the limited RC drilling conducted so far. As such, further RC drilling at this target will test the potential for an underlying E-W structure.
Hole GJAC674, at the southern end of the Blackfriars target, ended in 3m @ 1.07g/t Au in weathered mafic rocks. This intersection is open to the southeast.
Drilling of the “Highway” target for the first time has also produced several significant aircore results including 4m @ 2.95g/t Au (including 3m @ 3.78g/t Au) and 5m @ 0.87g/t Au.
Miramar’s Executive Chairman, Allan Kelly, said the results from the Highway target underscored the significant gold potential at Gidji being realised by Miramar through systematic exploration.
“We have now outlined four new targets at Gidji since listing, each at least 1km long, and with multiple bedrock aircore gold intersections including several high-grade results up to 13g/t Au,” Mr Kelly said.
“It is quite amazing that we can do this, adjacent to a major highway and only 15km from Kalgoorlie, which hosts one of the largest single gold deposits in the world,” he added.
“We look forward to continuing to uncover the full potential of the Gidji Project,” he said.
For further information please visit: https://www.miramarresources.com.au/
