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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 Mount Vernon Ni-Cu-PGE Project in the Gascoyne region of Western Australia.
The Mount Vernon Project is one of several granted or pending Exploration Licences which make up the Company’s 100% owned Bangemall Project.
The Company has received POW approval for RC and/or diamond drilling at Mount Vernon which will test Ni-Cu-PGE targets associated with Kulkatharra Dolerite sills and highlighted by historic geochemical sampling and Miramar’s 2022 airborne EM survey (Figure 1).
Miramar’s Executive Chairman, Mr Allan Kelly, said the Mount Vernon Project had several high-priority drill targets which could result in the discovery of a new style of nickel mineralisation in WA.
“Geoscience Australia and the GSWA both identified the potential for the Kulkatharra Dolerite sills to host significant Ni-Cu-PGE mineralisation such as the giant Norilsk deposits in Siberia,” Mr Kelly said.
“Despite this, very little relevant project-scale work has been completed to date,” he added.
“At Mount Vernon, our detailed magnetic and EM survey highlighted a number of highly conductive late- time EM anomalies inboard of the outcropping basal contact of a dolerite sill which has several significant historic nickel and copper results in soil and rock chip samples,” Mr Kelly said.
“The modelled plate over the highest priority target has a similar footprint to the ground EM anomaly outlined at Nova-Bollinger prior to the discovery drill hole,” he added.
Upcoming Work Programme
The Company is planning the following at Mount Vernon following completion of drilling at Whaleshark:
- Rock chip and/or soil sampling along the basal contact
- Orientation ground EM surveys over selected airborne EM anomalies
- Finalising drill hole locations based on the above results
Figure 1. Mount Vernon Project showing EM anomalism in relation to the basal contact of dolerite sills
Figure 2. EM image showing modelled plates south of outcropping basal contact with elevated Ni and Cu results in historic rock chip samples.
Figure 3. EM profile showing late time EM anomaly (plate 1) south of the basal contact.
COMPETENT PERSON STATEMENT
The information in this report that relates to Exploration Targets or Exploration Results is based on information compiled by Allan Kelly, a “Competent Person” who is a Member of The Australian Institute of Geoscientists. Mr Kelly is the Executive Chairman of Miramar Resources Ltd. He is a full-time employee of Miramar Resources Ltd and holds shares and options in the company.
Mr Kelly has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to Qualify as a “Competent Person” as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.
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