Announcement Date: 2022-08-01
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Miramar Resources Ltd.
Project name: Gidji
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 7m @ 3.23g/t Au from 57m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to report significant drill results, including several high-grade gold results, from its 80%-owned Gidji JV Project (“Gidji” or “the Project”), located 15km north of Kalgoorlie in the Eastern Goldfields of WA. 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 (Figure 1). Significant results include infill holes around the Marylebone discovery hole, GJAC096, including 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 (Figure 2). 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.
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