Miramar Resources (ASX:M2R) has upgraded the 8-Mile target at its Gidji Joint Venture Project in Western Australia following the reprocessing of geophysical data.
The reprocessed data shows a well-defined gravity and induced polarisation (IP) anomaly north of Northern Star’s (ASX:NST) 313,000-ounce 8 Mile Dam resource — located at Gidji’s southern boundary — which appears to have been offset by a southwest-northeast trending fault and underpins a number of promising drilling results.
Miramar Chairman Allan Kelly says the combination of several coincident datasets increased the potential for an extension to the 8 Mile Dam deposit.
“We have multiple high-grade end of hole aircore gold results overlying an IP and gravity anomaly which looks very similar to the 8 Mile Dam gold deposit immediately south of our tenement boundary,” he says.
“The geophysical data suggests that the deposit may extend into our ground but has been offset approximately 400m to the northeast by a fault.
“The 8-Mile offset target is within reach of reverse circulation drilling and, unlike the targets further north, there is no paleochannel covering the basement geology.”
Miramar is currently reviewing options for testing the offset 8-Mile target, including aircore and reverse circulation drilling. The company has a program of work already approved.
The 8-Mile target lies at the southern end of the Gidji Project, which sits 15km north of Kalgoorlie, Western Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Miramar Resources
