Receives Final Approval For Exploration Programme
Newly listed Miramar Resources Limited (ASX:M2R) has received heritage approval for its 100% owned Glandore Project approximately 40km east of Kalgoorlie in the Eastern Goldfields region of Western Australia.
The approval allows Miramar to conduct its first exploration programmes on the Project since listing on the ASX. The proposed work programmes will include a gravity survey followed by aircore and diamond drilling to follow up historic drill intersections including 8m @ 22.5g/t Au.
Miramar’s Executive Chairman, Allan Kelly, said the company was excited about commencing work at Glandore.
“The Glandore Project is one of two highly prospective projects in the Eastern Goldfields that formed the cornerstone of our recent IPO,” Mr Kelly said.
“Based on the historical results, we believe there is significant potential for an economic gold discovery in proximity to existing and proposed gold mining and processing operations,” he added.
The Glandore Project is located within the Eastern Goldfields of Western Australia, approximately 40km east of Kalgoorlie, and covers approximately 42 sq. km.
Exploration has been mostly limited to the south western part of the project and has been sporadic since the late 1980’s.
The “Eastern Target”, on the eastern margin of the granodiorite, shows widespread regolith gold anomalism at the base of the lake sediments over approximately 2.5km of strike, but has only been followed up sporadically with limited shallow diamond drilling (Figure 2).
Harmony Gold tested the Eastern Target in 2005 and returned results up to 8m @ 22.5g/t Au (including 1m @ 161g/t Au).The west dipping mineralisation remains open at depth on this and other sections.
AngloGold Ashanti completed a programme of nine diamond holes in 2019 targeting the southernmost portion of this target and returned significant intercepts of:
4m @ 3.12g/t Au from 54.9m; and
5m @ 1.76g/t Au from 59m.
Shallow aircore intersections including 6m @ 1.33g/t Au and 9m @ 1.10g/t Au(EOH) are seen at the southern end of the Eastern Target but have not been followed up.
The Eastern Target remains open for a further 800m to the south where a historic gold showing is located south of the project boundary.
A parallel target zone on the western side of the granodiorite intrusion, the “Western Target”, has only been effectively tested on one drill section, at the far southern end.
On this section, two aircore holes drilled by WMC Resources intersected 9m @ 1.85g/t Au and 4m @ 1.25g/t Au (EOH) in two successive holes at the eastern end of the drill line.
The closest drill section is 400m to the north and apparently missed the mineralised structure. There is limited drilling of this target for at least 2km further to the north, under the lake.
The company has now commenced planning for the first exploration programmes at Glandore which will include the following:
- Infill gravity survey to be completed in early March
- First pass lake aircore drilling of the Western Target
- Aircore drilling to follow up the historic WMC aircore holes
- Follow-up aircore/diamond drilling of significant intersections within the Eastern Target
Miramar has previously received POW approval from Department of Mines, Industry Regulation and Safety (DMIRS) for the proposed drilling programmes at Glandore.