Miramar Resources (ASX:M2R) completes RC drilling at Gidji JV Gold Project

Miramar Resources has completed a reverse circulation drilling programme at its 80%-owned Gidji JV Gold Project, located approximately 15km north of Kalgoorlie-Boulder, marking a further step in advancing what the company describes as its flagship asset in the Eastern Goldfields Province of WA.

The campaign targeted the high-priority Blackfriars and Highway gold prospects and forms part of an ongoing effort to assess the scale and continuity of gold mineralisation beneath previously defined supergene anomalies.

Highlights

• RC drilling completed at the Blackfriars and Highway gold targets.

• 19 holes drilled for a total of 2431m.

• Angled holes tested beneath significant aircore intersections, with vertical holes assessing potential for an initial JORC-compliant gold resource.

• Assay results anticipated over the coming month.

• Preparations underway for auger drilling at the 100%-owned Chain Pool Project in the Gascoyne region.

The 19-hole, 2431m programme included angled drill holes designed to test beneath significant aircore gold intersections at Blackfriars and Highway, as well as shallower vertical holes aimed at evaluating the potential for an initial JORC-compliant gold resource.

This approach follows systematic aircore drilling undertaken since late 2020, during which Miramar has made multiple large new supergene gold discoveries and defined several bedrock targets for deeper drilling within the project area.

The Gidji JV Project contains approximately 15km of strike of the Boorara Shear Zone, which hosts several gold deposits along strike in either direction.

Despite being surrounded by multiple gold mining and processing operations, the project has been underexplored due to extensive shallow transported cover and the Gidji Paleochannel, which crosscuts the most prospective basement geology.

The current drilling campaign is therefore positioned as a test of the primary bedrock source beneath previously identified supergene gold mineralisation.

Miramar Managing Director Marion Bush framed the programme as both a geological and corporate milestone, stating:

“This is the first time we’ve drilled underneath the large supergene gold anomalies at Blackfriars and Highway, looking for the primary bedrock source of that supergene gold mineralisation, so we’re keen to see the assay results.”

She added that the work represents a first step in converting Gidji’s extensive supergene gold footprint into a JORC-compliant Mineral Resource, which would be a very important milestone for the project.

The prospect of delineating a compliant resource is central to the project’s next phase, with the company noting that there is a huge amount of shallow supergene gold already outlined which could potentially be monetised given the project’s location close to existing infrastructure and processing facilities.

For investors, the emphasis shifts from conceptual exploration potential to the more tangible objective of resource definition, subject to the forthcoming assay results.

With samples submitted to the laboratory and results anticipated over the coming month, attention will turn to the quality and continuity of mineralisation intersected in the deeper holes.

In parallel, Miramar will prepare for an auger drilling campaign at its 100%-owned Chain Pool Project in the Gascoyne region of WA, where the company has outlined high-grade copper, lead and silver mineralisation, along with extensive sedimentary exhalative style alteration, at the Joy Helen prospect.

In a region long associated with gold discovery and development, the next tranche of assays from Gidji will determine whether this programme advances the project toward an initial JORC-compliant resource and further clarifies its role within Miramar’s broader WA-focused exploration portfolio.

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