Miramar Resources (ASX:M2R) has unveiled further evidence of potential nickel-copper-platinum group element (PGE) mineralisation in Western Australia’s Gascoyne region through its ongoing electromagnetic (EM) survey work.
The company is surveying its Mount Vernon and Trouble Bore projects, which form part of the wider Bangemall Project, and has outlined some potential Ni-Cu-PGE host rocks in the area.
As the EM survey work continues, the company is now planning to apply for government funding through the WA Exploration Incentive Scheme before submitting a program of work application for drilling at Trouble Bore.
The company then plans to conduct systematic rock chip sampling and reverse circulation (RC) drill testing across its WA landholding.
At the Mount Vernon area, fixed-loop EM (FLEM) survey work has now recommenced after a short weather-induced break. Miramar has so far found several ‘late-time’ conductors at the first two targets tested, as well as evidence that the dolerite sill in the area has undergone differentiation and could therefore host Ni-Cu-PGE sulphide mineralisation.
Miramar plans to test two further Mt Vernon targets through the FLEM work.
Meanwhile, at Trouble Bore, Miramar’s geophysical contractors have completed a reconnaissance moving-loop EM (MLEM) survey over the 3km-long SkyTEM anomaly in the area.
The company says this survey work confirmed the anomaly, and subsequent modelling suggests a shallow, sub-horizontal conductor with a moderate conductance of around 200 Siemens.
Miramar Executive Chair Allan Kelly says the company believes the Bangemall Project has the potential for a style of Ni-Cu-PGE mineralisation not yet seen in Western Australia.
We are the first company to explore for this style of mineralisation in the Bangemall region and are systematically progressing our targets towards the maiden drilling programme.
At Mount Vernon, we identified multiple targets from our airborne EM survey and have now confirmed two of these with ground EM surveys and rock chip sampling.
It is worth noting that, in contrast to many existing WA nickel deposits, the style of mineralisation we are looking for in the Bangemall occurs as large and very valuable orebodies that are basically immune to short-term swings in the nickel price.”
Alongside its Gascoyne assets, Miramar owns 3 ‘prospective but under-explored’ gold projects in Western Australia’s Eastern Goldfields region: Gidji, Glandore, and Randalls.
Images: Miramar Resources
