Miramar Resources Ltd (ASX:M2R) has struck gold in the deepest diamond drilled hole to date at Glandore East, revealing high-grade mineralisation up to 0.3 metres at 3.86 g/t gold from 188.1 metres beneath historical drill holes.
The company’s exploration on the eastern portion of the Glandore Project in Western Australia has outlined multiple northeast-trending structures cross-cutting the granodiorite/mafic contact.
Miramar has also confirmed the presence of high-grade bedrock gold mineralisation over a strike length of about 240 metres and to a vertical depth of 180 metres, and this remains open.
M2R intends to explore these features in more detail, as it considers them underexplored and worthy of further investigation.
More than a kilometre of strike to explore
Miramar Resources executive chair Allan Kelly said the bedrock gold mineralisation was beneath a large supergene aircore gold footprint which has still been only lightly drill tested to date.
“Whilst narrow, the new bedrock gold intersections confirm the presence of primary mineralisation within the multiple northeast trending structures,” he said.
“Our aim now is to follow these structures to areas where the gold mineralisation might increase in volume and/or grade, potentially as a result of a change in rock type.
“The aircore gold footprint at Glandore East stretches for well over a kilometre, so there is plenty of room for this to happen beneath the shallow cover of the lake sediments.”
Miramar has completed the initial diamond drilling program at Glandore East, with assays pending only for the final hole at the northern edge of the current drilling campaign.
The company intends to complete further drilling here when all results have been processed, with a detailed ground and/or unmanned aerial vehicle (UAV) magnetic survey planned for the first quarter of next year.