Announcement Date: 2022-12-19
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Miramar Resources Ltd.
Project name: Glandore
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 6m at 1.39g/t Au, from 64m
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 advise that highgrade gold mineralisation has been intersected in the northernmost diamond drill hole at “Glandore East”. With the results of historical drilling, Miramar’s exploration at Glandore East has so far confirmed the presence of bedrock gold mineralisation related to multiple NE-trending structures crosscutting the granodiorite/mafic contact over a strike length of approximately 600m and to a vertical depth of approximately 180m (Figure 1). GDDD007 intersected narrow high-grade gold mineralisation, 0.4m @ 18.0g/t Au, within a broader zone of low-grade gold mineralisation (6m @ 1.39g/t Au), in an altered fine-grained rhyolite (Figures 2 and 3). GDDD007 was drilled approximately 75m north of GDDD004, which also intersected high-grade mineralisation (0.8m @ 12.6g/t Au, including 0.4m @ 23.0g/t Au) (see ASX Release 1 December 2022). The bedrock gold mineralisation seen at Glandore East underlies a large supergene gold footprint, outlined in aircore drilling over approximately 1 kilometre of strike, and remains open along strike and at depth. There are no effective diamond drill holes north of GDDD007.
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