Miramar Resources Ltd (ASX:M2R) has received heritage approval for exploration at its 100%-owned Glandore Project around 40 kilometres east of Kalgoorlie in the Eastern Goldfields region of Western Australia.
This allows Miramar to conduct its first exploration programs on the project since listing on the ASX and these will include a gravity survey followed by aircore and diamond drilling to follow-up historic drill intersections including 8 metres at 22.5 g/t gold.
"Potential for economic discovery”
Executive chairman Allan Kelly said the company was excited about commencing work at Glandore.
He said: “The Glandore Project is one of two highly prospective projects in the Eastern Goldfields that formed the cornerstone of our recent IPO.
“Based on the historical results, we believe there is significant potential for an economic gold discovery in proximity to existing and proposed gold mining and processing operations.”
Exploration has been mostly limited to the southwestern part of the project and has been sporadic since the late 1980s.
Geology consists of a layered mafic intrusion that has been intruded by a granodiorite and associated felsic porphyry dykes and is overlain by up to 50 metres of lake sediments which thin towards the west.
The Eastern Target, on the eastern margin of the granodiorite, shows widespread regolith gold anomalism at the base of the lake sediments over more than around 2.5 kilometres of strike but has only been followed up sporadically with limited shallow diamond drilling.
In 2005 Harmony Gold tested the Eastern Target and returned results up to 8 metres at 22.5 g/t gold with AngloGold following it up with a program of nine diamond holes in 2019, targeting the southernmost portion.
Notable intersections included 4 metres at 3.12 g/t from 54.9 metres and 5 metres at 1.76 g/t from 59 metres.
A parallel target zone on the western side of the granodiorite intrusion, the Western Target, has only been effectively tested on one drill section, at the far southern end.
On this section, two aircore holes drilled by WMC Resources intersected 9 metres at 1.85 g/t and 4 metres at 1.25 g/t in two successive holes at the eastern end of the drill line.
There is limited drilling of this target for at least 2 kilometres further to the north, under the lake.
Proposed work program
Miramar has started planning for the first exploration programs at Glandore which will include the following:
- Infill gravity survey to be completed in early March;
- First pass lake aircore drilling of the Western Target;
- Aircore drilling to follow-up the historic WMC air core holes; and
- Follow-up aircore and diamond drilling of significant intersections within the Eastern Target.
Miramar has previously received POW approval from Department of Mines, Industry Regulation and Safety (DMIRS) for the proposed drilling programs at Glandore.