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- Miramar Resources (M2R) intersects high-grade and visible gold at the Glandore project in the Eastern Goldfields region of Western Australia
- The first hole of the program intersected four zones of high-grade gold as well as course visible gold in a quartz vein within a felsic porphyry
- Up to 13.85g/t gold was intersected and when combined with the historical results, it confirms the continuity of the mineralisation for 100 metres down-dip
- Miramar ends the day 4.17 per cent in the red to close at 11.5 cents
Miramar Resources (M2R) has intersected high-grade and visible gold at the Glandore project in the Eastern Goldfields region of Western Australia.
The first hole of the program, GDDD001, intersected four zones of high-grade gold as well as coarse visible gold in a quartz vein within a felsic porphyry.
Significant results include 0.7 metres at 13.85 grams per tonne (g/t) gold from 65.98 metres, 0.8 metres at 3.58 g/t gold from 71.2 metres and 1.3 metres at 3.34 g/t gold from 47 metres.
These results, along with historical ones, confirm the continuity of the mineralisation for roughly 100 metres down-dip.
Mineralisation remains open to the north and south for at least 80 metres in each direction.
The hole was terminated at 78.66 metres after it tested the interpreted positions of the high-grade veins seen in historical drilling.
“We believe there is potential for multiple north-northeast-trending high-grade veins at Glandore East, as well as substantial supergene mineralisation, and we are off to a good start with the first hole,” Executive Chairman Allan Kelly said.
“The previous diamond drilling was sporadic and it appears the strike and/or dip extent of these interpreted structures has not been effectively tested.”
Miramar has ended the day 4.17 per cent in the red to close at 11.5 cents.
