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- Miramar Resources (M2R) identifies several large anomalies from a recent aeromagnetic and radiometric survey over the Dooley Downs project, WA
- The anomalies indicate the potential for unmapped igneous intrusions, including carbonatites capable of hosting rare earth element (REE) mineralisation
- Executive Chair Allan Kelly says the new survey data highlighted several large targets worthy of systematic follow-up work
- The company plans to fly similar magnetic and radiometric surveys over its other Bangemall project tenements once granted
- Shares in Miramar are up 5.32 per cent, trading at 9.9 cents at market close
Miramar Resources (M2R) has identified several large magnetic and radiometric anomalies from its recent aeromagnetic and radiometric survey over the Dooley Downs project, WA.
The anomalies indicated the potential for unmapped igneous intrusions, including carbonatites capable of hosting rare earth element (REE) mineralisation.
Executive Chair Allan Kelly said the new survey data had highlighted several large targets worthy of systematic follow-up work.
“We are seeing numerous large radiometric anomalies which appear to be spatially related to potentially unmapped intrusions, something unexpected for this area,” Mr Kelly said.
“Given the REE discoveries being made by some of our neighbours nearby, the new results are highly significant for the overall prospectivity of our Bangemall project tenements.”
The largest of the magnetic anomalies has been previously mapped as an anticline within sediments of the Edmund Basin. However, the new magnetic data along with a large radiometric anomaly, suggested the presence of a later intrusion, possibly beneath the centre of the anticline.
Miramar field staff visited the project after the new data was received and visited several of the anomalous areas, but no obvious surficial or topographic features were seen that could explain the anomalism.
The company plans to fly similar magnetic and radiometric surveys over its other Bangemall project tenements once granted.
Shares in Miramar were up 5.32 per cent, trading at 9.9 cents at market close.
