Miramar (ASX:M2R) shows more promise at Glandore East
Miramar Resources has struck more gold mineralisation going deep with drilling exploration at its Gladore East prospect in Western Australia’s Eastern Goldfields.
GDDD0006, the deepest of 7 holes, intersected 0.3m @ 3.86g/t guiding gold vein below historical high-grade diamond drilling finds.
The strike builds further conviction on the Company’s exploration at Glandore East, where it has outlined trending mineralisation structures and high-grade bedrock gold mineralisation over a strike length of approximately 240m and to a vertical depth of about 180m – so far.
Glandore East cross section 6590320mN showing GDDD006
The Company said the bedrock gold mineralisation was located beneath a large supergene aircore gold footprint, which has been only lightly drill-tested to date.
“Whilst narrow, the new bedrock gold intersections confirm the presence of primary mineralisation within the multiple northeast-trending structures,” Executive Chairman Allan Kelly said.
“Our aim now is to follow these structures to areas where the gold mineralisation might increase in volume and/or grade, potentially as a result of a change in rock type.
“The aircore gold footprint at Glandore East stretches for well over a kilometre, so there is plenty of room for this to happen beneath the shallow cover of the lake sediments.”
Price Action
The Company’s ASX-listed shares are 9.4.c at Market Open.
Next Steps
Further drilling will be planned following the results from the final hole (GDDD007) at the northern edge of the current drilling campaign are received and analysed.
The Company is planning to complete a detailed ground and UAV magnetic survey in the first quarter of 2023 to refine the position of the NE-trending structures crosscutting the granodiorite/mafic contact.