Miramar Resources extends Railway target within Gidji Gold JV Project to strike length of more than 1 kilometre

Miramar Resources extends Railway target within Gidji Gold JV Project to strike length of more than 1 kilometre

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Miramar Resources Ltd’s (ASX:M2R) phase-2 drilling has extended the strike length of the Railway target within the Gidji Gold JV Project in Eastern Goldfields of Western Australia to more than 1 kilometre, indicating that the target is potentially at the intersection of WNW and NW-trending structures The company has now received all results for its phase-2 aircore holes testing the Railway target, one of four targets outlined following phase-1 drilling completed in December 2020. Railway target showing phase-1 (1-metre re-splits) and phase-2 (4-metre composite) aircore results. Several of the new holes ended in supergene gold anomalism of >0.25g/t gold. The company will complete analysis of one-metre re-split samples for significant intervals and has started planning for the first bedrock drill testing of this target. Miramar is waiting on assay results for a number of aircore drill holes and the 8-Mile diamond holes. Numerous opportunities for discovery The Gidji JV Project is around 15 kilometres north of Kalgoorlie and consists of three granted tenements and 14 applications covering a strike length of around 15 kilometres. Miramar purchased an 80% interest in the Gidji JV project tenements as part of its recent IPO. The project is within the Boorara Shear Zone, a major mineralised structure that hosts the Paddington and Boorara gold deposits along strike. Gidji has been poorly explored despite its location close to several major gold deposits. Miramar believes the project contains numerous opportunities for the discovery of an economic gold deposit within proximity to existing mining and processing infrastructure.

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