Announcement Date: 2023-02-27
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Miramar Resources Ltd.
Project name: Lang Well
Location: Australia
Commodities: Rare Earth
Highlight: Drilling results incl. 12m at 533ppm RE from 16m
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 announce the discovery of shallow rare earth element (REE) mineralisation at the Company’s 100%-owned Lang Well Project in the Murchison region of WA (“Lang Well” or “the Project”). Reconnaissance aircore drilling beneath two historical auger anomalies has intersected shallow REE mineralisation in several holes over a significant lateral extent. Miramar Resources Executive Chairman, Mr Allan Kelly, said the drilling confirmed the existence of REE mineralisation at Lang Well and had tested a tiny portion of the extensive auger anomalism at the Project. “Each of the historic auger anomalies stretches over several kilometres, with some of the best new aircore results at the southern end of the previously untested Boundary Bore target,” he said. “Given the very large spatial extent of the historic auger anomalism, there is potential for a significant amount of shallow REE mineralisation to be outlined at Lang Well,” he added. The initial reconnaissance aircore programme tested beneath historic samarium and gold auger anomalies at the Toben Bore and Boundary Bore targets with a single line of 100m-spaced aircore holes drilled across each target utilising existing station tracks and fence lines (Figure 1)
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