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Miramar Resources (ASX:M2R) has kicked off drilling at the Blackfriars and Highway gold prospects, both of which are within the 80%-owned Gidji JV Gold Project, just 15 kilometres north of Kalgoorlie in Western Australia.
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The ten-to-twelve-hole RC drilling campaign is backed by a $1 million share placement to new and existing investors, completed in early December.
Blackfriars is mainly characterised by a 1.3-kilometre-long aircore anomaly at the contact between the Black Flag Beds and mafic rocks of the Boorara Shear Zone. Highway, meanwhile, has a 1.1km-long aircore anomaly with multiple results of around one gram per tonne, including a best result of 4m @ 2.95 g/t gold.
The aircore anomaly overlies a gravity low and a large conductor outlined by the sub audio magnetic survey, interpreted to be an intrusion within the Black Flag Beds. The Highway prospect has not had an RC drill hole to date.
Miramar’s managing director, Marion Bush, said they’re kicking off the new year with an aggressive RC drilling program at both, with the company hunting the primary source of these two large supergene gold anomalies.
“Blackfriars and Highway are both covered by the Gidji Paleochannel. They’ve never been tested with bedrock drilling before, so we’re happy to have the drill team on-site now and excited for the results,” Ms Bush said.
“We couldn’t ask for a better project location, being just 15 kilometres north of Kalgoorlie and surrounded by established processing plants and infrastructure. When you combine that with a gold price which continues to set new records, it provides multiple pathways to monetise any discovery at Gidji.”
M2R has been 0.4c through today, up +33.3%.
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