Miramar Resources (ASX:M2R) reports it has intersected visible gold from a second diamond drillhole completed at the Glandore East target, located near Kalgoorlie in Western Australia.
The company’s current diamond drilling program at Glandore East is following up on historic diamond drilling that intersected ‘high-grade’ gold mineralisation, up to 6m @ 29.8g/t Au at the contact between a layered mafic sill and a later granitoid intrusion.
GDDD002 was drilled approximately 400m south of GDDD001 and intersected multiple zones of quartz veining ± sulphides and coarse visible gold in a quartz vein at 152.5m.
In addition, GDDD002 intersected granodiorite, intruded by multiple felsic porphyry dikes and quartz veins before being terminated at 169.06m.
The 2 holes drilled to date have confirmed the presence of ‘high-grade’ gold mineralisation over a strike length of at least 100m and down to a vertical depth of 130m, however mineralisation remains open in all directions at this stage.
Miramar Executive Chairman Allan Kelly said the Company was excited about the potential of the Glandore East target.
“We believe there is potential for multiple north-northeast trending high-grade veins at Glandore East, as well as substantial supergene gold mineralisation.
“We believe there is potential for multiple north-northeast trending high-grade veins at Glandore East, as well as substantial supergene gold mineralisation”
“The second hole appears to confirm this interpretation and we look forward to the results of this hole.”
The current diamond drilling program aims to test the Glandore East target with multiple diamond holes over a strike length of approximately 500m.
Core from GDDD002 has been logged, cut, sampled and sent for analysis.
The diamond drill rig has now moved to GDDD003, which is located 40m north of the section containing the high-grade historical intersections and GDDD001.
The 100% owned Glandore Project is located within the Eastern Goldfields, about 40km east of Kalgoorlie, Western Australia.
The southwestern part of the project is underlain by a layered mafic sill intruding into basalt and sedimentary rocks.
The dolerite sill comprises various varieties of dolerite and gabbro analogous to the Golden Mile Dolerite and has been intruded by a later granodiorite.
The prospective geology is overlain by playa lake sediments which thin towards the west.
Exploration has been mostly limited to the southwestern part of the project, where drilling by previous explorers identified gold mineralisation at the eastern contact of the granodiorite associated with quartz-pyrite veins, felsic porphyry dikes and ankerite-sericite-pyrite alteration.
Miramar Resources is an active mineral exploration company exploring for gold, IOCG and Ni-Cu-PGE deposits in the Eastern Goldfields, Murchison and Gascoyne regions of Western Australia.
The company’s board has a track record of discovery, development and production and aims to create shareholder value through discovery of ‘high-grade’ quality mineral deposits.
Aircore drilling has recently been completed at Boorara North, Whaleshark and Randalls projects and the company will receive the results of these drilling programs over the coming weeks.
Images: Miramar Resources Limited
