Miramar Resources Ltd (ASX:M2R) has intersected high-grade and visible gold mineralisation in the first diamond-drilled hole completed at the Glandore East target of the Glandore Project of Western Australia, where an historical drill hole previously hit 6 metres at 29.8 g/t.
Drill hole GDDD001 intersected four zones of gold mineralisation within its downhole extent, including a section of coarse, visible gold in a quartz vein within a felsic porphyry.
Miramar encountered difficulties at the contact between the base of the lake sediments and the weathered basement rock as it drilled further down, resulting in the loss of a ’significant’ section of the upper drill core.
For this reason, GDDD001 only penetrated to 78.66 metres, having tested the interpreted position of two high-grade veins seen in the historical drill core.
Results from this drill core include:
- 2.0 metres at 2.45 g/t gold from 32 metres (includes 0.46-metre interval of lost core);
- 1.3 metres at 3.34 g/t from 47 metres (followed by 0.3-metre interval of lost core);
- 0.7 metres at 13.85 g/t from 65.98 metres (includes coarse visible gold); and
- 0.8 metres at 3.58 g/t from 71.2 metres.
Potential for multiple gold veins
The results from Miramar’s first diamond hole at Glandore confirmed the continuity of westerly-dipping gold mineralisation for about 100 metres down-dip and also revealed that there are two mineralised structures, both remaining open at depth in this area.
“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,” Miramar Resources executive chair 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.
“We look forward to continuing the current diamond drilling program.”
The remainder of this drilling program involves multiple diamond holes over a strike of about 500 metres at Glandore East.
Glandore Project showing location of Glandore East target.
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