Miramar identifies multiple new drill targets at 8 Mile

• Miramar has recognized a number of targets for infill geophysical surveys on the Gidji JV gold mission
• The surveys will assist goal additional RC and/or diamond drilling
• Miramar is concentrated on uncovering the true scale of the 8 Mile prospect

Particular report: Miramar Assets continues to see the potential to make a major gold discovery on the 8 Mile prospect, a part of the broader Gidji JV mission in WA’s Goldfields, searching for the extension of a deposit owned by Australia’s prime gold miner.

The primary RC gap at 8 Mile intersected gold mineralisation throughout a number of zones and concluded  in gold mineralisation, suggesting the system stays open at depth.

To date, that first gap at 8 Mile has proved the idea that gold mineralisation at Northern Star’s (ASX:NST) 8 Mile Dam gold deposit extends onto the corporate’s floor.

The positioning sits simply kilometres from Kalgoorlie and the well-known Tremendous Pit, the place Northern Star needs to greater than double manufacturing to a document 900,000ozpa from 2029.

That dedication places a premium on discoveries within the space, with crops at Kanowna Belle and Paddington additionally only a stone’s throw away.

All outcomes have now been acquired by Miramar (ASX:M2R), which is now turning its consideration in direction of geophysical work applications to refine further drill targets.

M2R government chairman Allan Kelly stated though the outcomes of the remaining two accomplished RC holes had been disappointing, a number of targets have already been recognized for infill geophysical surveys adopted by additional RC and/or diamond drilling.

“We’ve already recognized a number of drill targets and are planning to make use of infill gravity and sub-audio magnetics to refine these targets earlier than conducting additional drilling,” he added.

“8 Mile is an thrilling goal with the potential for vital gold mineralisation, as evident by the neighbouring 8-Mile Dam deposit, however with minimal deep drilling.

“Now we all know gold mineralisation extends onto our facet of the fence, we’re trying ahead to uncovering its true scale.”

Potential gold camp

Regardless of Gidji being surrounded by a number of gold mining and processing operations, the asset has been underexplored given its in depth shallow cowl.

Since 2020, Miramar has made a number of giant supergene gold discoveries and outlined bedrock targets for deeper drilling.

The corporate strongly believes there’s potential for the invention of a brand new gold camp which may host a number of discrete gold deposits.

This text was developed in collaboration with Miramar Assets, a Stockhead advertiser on the time of publishing.

This text doesn’t represent monetary product recommendation. You need to contemplate acquiring unbiased recommendation earlier than making any monetary choices.