Miramar Resouces

Approvals Received For Mount Vernon 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 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’.


Click here for the full ASX Release

This article includes content from Miramar Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

The Conversation (0)
Auric Mining (ASX:AWJ)

Munda Gold Mine - Purchase of Mine Camp, Nickel Rights and Water Assets from WIN Metals

Auric Mining Limited (ASX: AWJ) (Auric or the Company) together with WIN Metals Ltd (ASX: WIN) (WIN Metals or WIN) are pleased to announce that the two parties have successfully agreed to the purchase of a package of WIN assets including all nickel and associated minerals rights, water access rights and a fully equipped mining camp all relating to Auric’s Munda Gold Mine.

Keep reading...Show less
Equity Metals

Equity Metals

Keep reading...Show less
Two people shaking hands in office with city skyline view.

Zijin Mining to Acquire Major Kazakh Gold Mine for US$1.2 Billion

China’s Zijin Mining Group (OTC Pink:ZIJMF,HKEX:2899,SHA:601899), the country’s largest producer of gold and copper, has agreed to acquire Kazakhstan’s Raygorodok gold mine for US$1.2 billion.

The deal, announced on Monday (June 30) through a filing to the Hong Kong Stock Exchange, furthers the company’s ambition of becoming one of the world’s top three gold producers by 2028.

Raygorodok is reportedly among the largest and most technologically advanced gold projects in Central Asia. It produced 6 metric tons of gold in 2024 at a production cost of US$796 per ounce, excluding non-cash items.

Keep reading...Show less
Map of Mali with red pin marking a location.

Mali Completes Takeover of Abandoned Gold Mines, Extends Push for Resource Sovereignty

Mali’s military-led government has completed its takeover of the Yatela and Morila gold mines.

Reuters reported on Monday (June 30) that according to the Malian government, control of the Yatela mine in Western Kayes and the Morila mine in Southern Sikasso has officially been transferred to the Society for Research and Exploitation of Mineral Resources of Mali (SEMOS), a newly formed entity in the country.

The Yatela mine was abandoned in 2016 by Sadiola Exploration Company — a joint venture between South Africa’s AngloGold Ashanti (NYSE:AU,JSE:ANG) and Canada’s IAMGOLD (TSX:IMG,NYSE:IAG) — after the operators deemed continued production uneconomic despite leftover reserves.

Keep reading...Show less

Latest Press Releases

Related News

×