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    Miramar Resources recieves multiple new ‘high-grade’ gold results at Gidji JV

    Miramar Resources (ASX:M2R) reports it has received multiple new ‘high-grade’ gold results from aircore drilling at the company’s 80% owned Gidji JV Project in the Eastern Goldfields of Western Australia.

    The new results, including several ‘high-grade gold assays’, come from resplits of aircore drill holes drilled in December 2021, mostly in and around the Marylebone West and Marylebone East targets.

    The most significant new result came from the far northern end of the Marylebone East target where GJAC562 intersected 5m @ 2.51g/t Au along with 5m @ 12.29g/t Ag, including 1m @ 28.91g/t Ag, 0.1% Cu, 45ppm Mo and 8.42% S.

    The mineralisation intersected in GJAC562 remains open to the northwest and north for at least 200m. Follow-up aircore and/or reverse circulation (RC) drilling is planned once all relevant approvals have been granted.

    Significant new gold results include:

    • GJAC478 – 1m @ 5.18g/t Au
    • GJAC480 – 2m @ 2.03g/t Au
    • GJAC490 – 1m @ 9.55g/t Au
    • GJAC559 – 2m @ 4.61g/t Au, including 1m @ 7.76g/t Au
    • GJAC562 – 5m @ 2.51g/t Au and 12.3g/t Ag

    Commenting on the drilling campaign, Miramar Executive Chairman Allan Kelly said: “With each aircore drilling program we complete at Gidji, we continue to receive multiple significant and/or high-grade gold results across several of our targets.

    So far, we have outlined multiple very large aircore gold footprints”

    Almost without exception, these results are now coming from weathered basement beneath transported material and are supported by pathfinders, with GJAC562 a good example of this.

    So far, we have outlined multiple very large aircore gold footprints. Our next challenge is to cost effectively locate the primary source of these footprints with deeper RC and/or diamond drilling.”

    Miramar is currently waiting on assays for about 100 aircore holes that were completed across the Blackfriars and Highway targets in April 2022.

    Map displaying aircore results in relation to UAV magnetics at Marylebone targets
    Map displaying aircore results in relation to UAV magnetics at Marylebone targets

    The company now considers that, in addition to the very significant potential for new primary gold deposits at Gidji, there could also be potential for one or more flat-lying supergene gold deposits, including a substantial amount of high-grade material.

    It already has a widespread presence and relatively consistent depth of supergene gold mineralisation at the top of the weathered basement, the company reports

    In addition to the current RC/DD drilling program at Marylebone East, upcoming work at Gidji includes 10,000m Boorara North aircore drilling, awaiting assays from Blackfriars and Highway aircore drilling, and interpretation of recently completed 3D IP survey over the 8-Mile target to help target potential diamond drilling.

    Images: Miramar Resources Limited
    Adam Orlando
    Mining.com.au Senior Reporter Adam Orlando more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris. Adam has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.

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    • Delayed Prices (USD) - Last Updated 09-08-2022
    • Gold $1,789.20
    • Silver $20.65
    • Platinum $940.00
    • Palladium $2,162.00
    • Dalian Iron Ore i2301 $110.28
    • Aluminium $2,416.00
    • Cobalt $50,460.00
    • Copper $7,870.50
    • Lead $2,070.00
    • Nickel $22,216.00
    • Tin $24,455.00
    • Zinc $3,488.50