- Miramar Resources (M2R) outlines a very large gold footprint at its Glandore Project in the Eastern Goldfields region of Western Australia
- The company recently completed an aircore drilling program that targeted the southern and western margins of a granodiorite pluton
- Miramar’s aircore drilling program extended the Glandore East footprint to the south by at least one kilometre, which now spans for over three kilometres and remains open
- The company will undertake follow-up aircore drilling in the new year and then plan for diamond drilling
- Miramar ends the day 4.55 per cent in the red with shares trading at 21 cents
Miramar Resources (M2R) has outlined a very large gold footprint at its Glandore Project in the Eastern Goldfields region of Western Australia.
The company recently completed an aircore drilling program that targeted the southern and western margins of a granodiorite pluton.
Up to 29 grams of gold per tonne (g/t) has been previously intersected on the eastern side of the granodiorite at the Glandore East target.
Miramar’s most recent aircore drilling program extended the Glandore East footprint to the south by at least one kilometre, with a best result of two metres at 1.04g/t gold.
The Glandore East footprint now extends over three kilometres towards historical gold workings and remains open.
Executive Chairman Allan Kelly said this drilling program had identified a very substantial gold system at Glandore.
“Our first pass lake drilling has outlined coherent supergene gold anomalism within multiple targets over almost five kilometres of strike which is a considerable proportion of the entire project area,” Mr Kelly commented.
“Today’s results indicate the presence for multiple NE-trending mineralised structures within the granodiorite pluton extending over a significant strike length, along with coherent gold mineralisation across several other targets which will need to be followed up early in the new year.”
Miramar will undertake follow-up aircore drilling in the new year and then plan for diamond drilling.
Miramar has ended the day 4.55 per cent in the red, with shares trading at 21 cents in a $12.38 million market cap.