Connect with us

Hi, what are you looking for?

Investing

Gold and Nickel Exploration Update

Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to provide an update on exploration programmes planned for its Eastern Goldfields and Gascoyne region projects.

Working towards maiden Bangemall Ni-Cu-Co-PGE drill campaignTargets outlined for RC drill testing at Gidji JV gold project north of KalgoorlieNew tenement application over 11 kilometre long aircore gold anomaly with similarities to +2Moz Invincible gold deposit

The Company is currently working toward the maiden drilling campaign within the Bangemall Ni-Cu-Co- PGE projects and has expanded its strategic 480 km2 Eastern Goldfields tenement portfolio (Figure 1).

Miramar’s Executive Chairman, Mr Allan Kelly, said the Company’s Eastern Goldfields exploration project portfolio had significant value not recognised in the current share price.

“Since listing in 2020 with a portfolio of highly prospective early-stage gold, nickel and copper projects in Western Australia, we have systematically advanced our key projects up the exploration value chain, added to our land position through strategic tenement applications and relinquished those tenements which lacked significant discovery potential,” Mr Kelly said.

“In a record gold price environment, the inherent value of our gold projects, including our flagship Gidji JV Project, where we have made multiple new gold discoveries immediately along strike from one of the richest patches of earth on the planet, is significant,” he added.

“We’ve also advanced our Bangemall Projects from the initial concept to high priority drill targets which could define a new style of nickel mineralisation in a new mineral province,” he said.

Bangemall Ni-Cu-Co-PGE Projects

Miramar holds a strategic land position within the Edmund and Collier Basins where it is targeting nickel- copper-cobalt-PGE mineralisation related to Kulkatharra Dolerite sills, part of the Warakurna Large Igneous Province and the same age as the Giles Complex intrusions which host the large Nebo and Babel nickel-copper deposits in the West Musgraves of WA.

Miramar’s initial aim is to show “proof of concept” of its Norilsk-style deposit model by discovering Ni-Cu- Co-PGE sulphide mineralisation.

Over the previous 24 months, the Company has progressed from regional-scale area selection to collection of project-scale datasets and, more recently, to delineation of individual drill targets at the Mount Vernon and Trouble Bore Projects (Figure 2).

The Company is now working towards the first drill programme targeting this style of mineralisation within the region and has already received Programme of Work (POW) approval from the Department of Energy, Mines, industry Regulation and Safety (DMEIRS).

Upcoming work includes completion of a heritage survey, systematic rock chip sampling and/or further ground geophysics to help refine the initial RC drill targets.

Pending receipt of all relevant approvals, the Company hopes to complete the maiden drill programme during mid-2024.

Click here for the full ASX Release

This post appeared first on investingnews.com

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Stock

    Union members at Ford, Stellantis and General Motors have ratified a new 4½-year contract, locking in at 11% pay increases secured after a six-week...

    Investing

    ASX-listed Antilles Gold (ASX:AAU, OTCQB:ANTMF) is an Australian mining company focused on gold and copper projects in Cuba through joint ventures with the Cuban...

    Latest News

    A man accused of murdering his girlfriend in Boston before fleeing to Kenya has been re-arrested following his escape from a police station in...

    Latest News

    Slovakian police have charged a man in connection with the attempted assassination of Prime Minister Robert Fico, the country’s interior minister said Thursday. Fico...

    Disclaimer: Nationalfinancialnews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 nationalfinancialnews.com