Miramar Resources Limited (ASX:M2R) has confirmed the commencement of a detailed UAV magnetic survey over the company’s 100%-owned Lang Well Project in the Murchison region of Western Australia.
The company believes Lang Well is prospective for gold and/or Rare Earth Element (REE) mineralisation. A review of historical information identified at least 50 outcropping pegmatite occurrences within the Project, including a swarm of pegmatites over at least seven km of strike in the northern half of the Project.
None of the pegmatite occurrences have been assayed for Lithium or Rare Earth Elements (REE’s). Historical auger drilling in 2009 identified several large Au anomalies in the southeast of the project, but these samples were also not assayed for Li or REE’s.
A single line of aircore drilling in 2010 intersected highly anomalous REE’s including 4m @ 1500ppm TREO in BADAC33 (28-32m) with holes 50m either side also returning anomalous REE results.
No exploration was undertaken at Lang Well between 2010 and Miramar securing the ground in 2019, after which time the company conducted limited reconnaissance soil sampling over several of the historic auger anomalies.
Two of Miramar’s soil sample lines returned coincident and anomalous La and Ce results in an area with no previous drilling.
Given the very limited historic drilling, and the extensive auger gold anomalism in the covered south-eastern area, Miramar has commenced a detailed UAV magnetic survey over this part of the Project. Executive Chairman, Allan Kelly, said the magnetic survey would assist in planning the first aircore drilling programme testing both the auger Au anomalism and REE potential.
“Lang Well covers a very large area with widespread surficial material covering prospective geology and structures,” Mr Kelly said.
“Based on the limited historic exploration results, the south-eastern part of the Project is prospective for gold mineralisation, and also has significant potential for REE mineralisation as indicated by the very limited historic drilling which intersected strongly anomalous REE’s,” he added.
“Given the widespread occurrence of pegmatites in the outcropping areas of the Project, we think there is potential for a significant number of additional pegmatite occurrences, potentially prospective for Lithium or REE’s, elsewhere within the Project, either outcropping or beneath shallow cover,” he said.
The company is planning to undertake systematic rock chip sampling of the northern pegmatites, including analysis for Lithium and REE’s, and will finalise the plans for the first reconnaissance aircore drilling programme once the new magnetic data is received and processed.
For further information please visit: https://www.miramarresources.com.au/
