Approval Received for Trouble Bore Drilling

Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to advise that it has received Programme of Work (POW) approval for drilling at the 100%-owned Trouble Bore nickel (Ni) copper (Cu), cobalt (Co) and platinum group element (PGE) Project in the Gascoyne region of WA.

• POW approval received for drilling at the Trouble Bore Ni-Cu-Co-PGE Project
  
• EIS co-funded drilling will test late-time airborne and ground EM anomalies at Trouble Bore and Mount Vernon for Norilsk-style Ni-Cu-Co-PGE mineralisation

The Company has now received POW approvals for Exploration Incentive Scheme (EIS) co-funded RC drilling at both the Trouble Bore and Mount Vernon Projects which will test Norilsk-style Ni-Cu-Co-PGE targets associated with Kulkatharra Dolerite sills and highlighted by airborne and ground electromagnetic (EM) surveys (Figure 1).

Miramar’s Executive Chairman, Mr Allan Kelly, said the Company’s Bangemall Project represents the opportunity for discovery of an entirely new nickel-copper province in WA.

“Geoscience Australia, GSWA and the CSIRO have all identified the potential for Norilsk-style Ni-Cu-Co- PGE mineralisation within the Kulkatharra Dolerite sills, which are the same age as the Nebo-Babel deposits in the West Musgraves,” Mr Kelly said.

“At Mount Vernon and Trouble Bore, EM surveys have highlighted a number of highly conductive late-time EM anomalies where these dolerite sills intrude into sulphide and/or sulphate-rich sediments,” he said.

“At Trouble Bore, we also see evidence of a potential feeder dyke which is an important component of this type of deposit,” he added.

“We look forward to getting on the ground and testing the fantastic opportunity we have outlined,” he said.

Upcoming work programme

Miramar’s initial aim is to show “proof of concept” of the Company’s Bangemall Ni-Cu-Co-PGE deposit model by identifying Ni-Cu sulphide mineralisation.

The Company will now work towards obtaining heritage approvals and planning for the maiden drilling programme.

Figure 1. Mount Vernon and Trouble Bore Projects showing airborne and ground EM anomalies in relation to Kulkatharra Dolerite sills.

Figure 2. Schematic diagram showing relationship between dolerite sills (green) and sedimentary units of the Edmund and Collier Basins, and the relative position of Miramar’s Ni-Cu-Co-PGE targets (red).

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