Miramar Resources Limited (ASX:M2R) has confirmed the high-grade gold intersected in the second diamond drill hole at “Glandore East”, located within the Eastern Goldfields, approximately 40km east of Kalgoorlie, Western Australia.
GDDD002, drilled 40m south of the historical high-grade diamond drill intersections, intersected 0.8m @ 5.91g/t Au within a wider interval of 6.6m @ 1.54g/t Au.
The company previously reported, GDDD002 intersected coarse visible gold within a quartz vein in altered granodiorite. As a result of the coarse gold, repeat assays from the above interval returned individual results as high as 0.4m @ 11.28g/t Au.
Miramar’s drilling has now confirmed the presence of high-grade gold mineralisation over a strike length of approximately 90m, with the mineralisation remaining open along strike and at depth.
Miramar advises that it has also recently completed a detailed UAV magnetic survey over the Glandore Project, including the Glandore East target.
The survey was flown with east-west flight lines spaced at 25m intervals, and a sensor height of 25m.
The new survey, completed by Pegasus Airborne Systems, has provided a significantly improved level of detail, highlighted multiple NE-trending structures crosscutting the granodiorite intrusion and provided much greater resolution of the eastern contact of the granodiorite with the mafic rocks.
Miramar’s Executive Chairman, Allan Kelly, said the company continued to be excited about the potential of the Glandore East target.
“With each new diamond hole, we see substantial alteration and/or sulphide mineralisation and eagerly look forward to receiving the gold results,” he said.
“In addition, the newly acquired detailed UAV magnetic survey data shows there is potential for multiple NNE-trending structures which could potentially host high-grade gold mineralisation,” he added.
Diamond drilling is continuing with GDDD003 and GDDD004 drilled 40m north and 160m north, respectively, of the “discovery section”, which includes the historic high-grade diamond drilling results and Miramar’s first hole, GDDD001 (0.8 @ 13.9g/t Au). GDDD005 will test below the historic diamond holes.
For further information please visit: https://www.miramarresources.com.au/
