Miramar Resources Ltd (ASX:M2R) has struck visible gold again, this time in the second diamond drill hole at Glandore East, a prospect of the Glandore Project in the Eastern Goldfields of Western Australia.
After fielding results of up to 0.7 metres at 13.85 g/t gold from the first diamond hole (GDDD001) at Glandore East, M2R has encountered gold 40 metres to the south, striking multiple zones of quartz veining with sulphides and coarse visible gold at 152.5 metres in depth.
GDDD002 also intersected granodiorite, intruded by multiple felsic (mineral prospective) porphyry dikes and quartz veins, before ending at 169.06 metres downhole.
With the observations from these first two diamond holes, Miramar has confirmed the presence of gold mineralisation at Glandore East over a strike of at least 100 metres with a vertical depth of 130 metres, remaining open in all directions.
Potential for substantial mineralisation
“We believe there is potential for multiple north-northeast trending high-grade veins at Glandore East, as well as substantial supergene gold mineralisation,” Miramar Resources chair Allan Kelly said.
“The second hole appears to confirm this interpretation and we look forward to the results of this hole.”
The company has logged, cut and sent the drill core from hole GDDD002 to the laboratory for analysis as it continues to test some 500 metres of potential strike with its diamond drilling program at Glandore.
The diamond drill rig has now moved to GDDD003, which is 40 metres north of the first diamond hole.
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