Miramar Resources re-starts drilling at Gidji JV Project in Western Australia’s Goldfields

Miramar Resources Ltd (ASX:M2R) has restarted drilling at its 80%-owned Gidji Joint Venture Project, around 15 kilometres north of Kalgoorlie in Western Australian Eastern Goldfields. Last month, Miramar’s maiden aircore drilling campaign at Gidji identified several new targets including the Marylebone target, within the Boorara Shear Zone, returning 2 metres at 7.7g/t gold in an oxidised quartz vein. The Marylebone target exhibits several apparent similarities to the Paddington gold deposit, located approximately 10 kilometres along strike to the north and within the Boorara Shear Zone. Working through historical geophysical data Miramar executive chairman Allan Kelly said the drilling program was expected to take around four weeks to complete. He said: “Our first drilling program confirmed our hypothesis regarding the prospectivity of the Gidji Project and identified several new targets, including the potential for a new discovery at Marylebone. “While waiting for this follow-up drilling program to begin, we have been busy working up historical geophysical data which has added to our excitement about the project.” This data highlighted several important geological features which will assist in refining drill targets within both the granted and pending areas of the project. High-priority targets to be tested Firstly, the Boorara Shear Zone demonstrates an obvious linear gravity high as a result of the relatively dense mafic and ultramafic rocks present within this important regional structure. A discrete, higher amplitude gravity anomaly is observed within the interpreted dilational jog at the southeast end of the Boorara Shear Zone. This is a high priority target and will be drill tested once the relevant tenements are granted. Railway, 8-Mile and the new target all appear to be associated with lower magnitude gravity anomalies within sediments of the Black Flag Group which may represent previously unrecognised mafic intermediate porphyry units, similar to that which hosts the bulk of the gold mineralisation at Runway. The Lake and Claypan targets, within an application pending grant, are both on major regional structures observed in the newly obtained gravity and corresponding magnetic data. Targeting northern extensions This next phase of drilling will include: Infill drilling at 200 x 50 metres spacing to follow-up significant results from the phase-I campaign; and Drilling of two diamond holes to test the potential for a northern extension to the neighbouring 314,000-ounce Runway deposit.