
April 21, 2024
Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to provide an update on gold exploration activities within the Company’s strategic Eastern Goldfields project portfolio.
- RC drill hole completed under high-grade Blackfriars gold prospect (Gidji JV)
- New Exploration Licence application expands land position along Randall Fault
The Company has completed a single RC drill hole at the high-priority Blackfriars Prospect, within the Gidji JV Project (“Gidji”) (Figure 1).
The Blackfriars Target is located at the contact between the Black Flag Group and mafic and ultramafic rocks within the Boorara Shear Zone and shares the same geological setting as the >2 million ounce Paddington gold deposit along strike to the north.
Given the apparent similarities to Paddington, Blackfriars is a high priority target within the Gidji JV Project.
The Blackfriars aircore gold footprint stretches for at least 1 kilometre at greater than 1g/t Au and remains open along strike to the northwest on the other side of the Goldfields Highway.
The recent RC hole, GJRC028, tested beneath the high-grade result in aircore hole GJAC627, which ended in black shale with quartz-carbonate veining and sulphides and returned a result of 1m @ 11.8g/t Au and 6g/t Ag (46-47m EOH) (see ASX Release dated 8 April 2022).
GJRC028 intersected black shale and silicified dolerite with sulphide mineralisation and quartz stringers but was terminated at 130m due to difficult drilling conditions associated with running sands in the overlying Gidji Paleochannel.
Miramar’s Executive Chairman, Mr Allan Kelly, said the Gidji JV Project had the potential to host a new gold camp with multiple deposits but was significantly underexplored.
“Gidji is in a fantastic location within a major mineralised structure, between two major gold camps, Kalgoorlie and Paddington,” Mr Kelly said.
“Despite this, and the record gold price, the Project has had minimal effective historic exploration, and virtually no deep drilling, as evidenced by our ability to discover high-grade bedrock gold mineralisation with shallow aircore drilling only 150 metres from a major highway,” he said.
Samples from the RC hole have been sent for analysis and further aircore and RC drilling is planned.
The Company is also working towards obtaining approvals for drilling of other high-priority targets at Gidji including:
- Marylebone – multiple high grade gold results including GJAC562 (6m @ 2.2g/t Au and up to 28g/t Ag) associated with massive sulphide mineralisation in black shale
- Roaster – 2m @ 3.3g/t Au in GJAC577 – open along strike
- Eight-mile – potential northern extension of Northern Star Resources Limited’s 300,000-ounce “Runway/8 Mile Dam” deposit
- The Jog – gravity anomaly and magnetic depletion within jog in the Boorara Shear Zone
New Application
The Company has also further expanded its strategic Eastern Goldfields tenement portfolio with a new Exploration Licence Application south of the recently acquired Lake Yindarlgooda Project (Figure 2).
The “Venetian” Target, E25/649, covers a package of mafic rocks immediately adjacent to the Randall Fault and contains historic RAB drill holes with anomalous gold results within and along strike of E25/649.
Miramar will compile all historical data and work towards grant of the tenement.
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.
copper stocksasx:m2rresource stocksasx stocksgold explorationgold stocksnickel stockscopper investingcopper explorationnickel exploration
M2R:AU
The Conversation (0)
06 February 2024
Miramar Resources
Aiming to create shareholder value through the discovery of world-class mineral deposits
Aiming to create shareholder value through the discovery of world-class mineral deposits Keep Reading...
21h
Copper Prices Surge on US-China Deal Optimism, Tight Supply Adds to Rally
Copper prices edged closer to record highs this week, driven by renewed optimism over an impending trade accord between the US and China and concerns about tightening global supply as major producers face output disruptions.On the London Metal Exchange (LME), copper traded around US$11,029 a ton... Keep Reading...
27 October
First Pass Scout Drilling Returns 10.5m @ 1.02% Copper at Phoenix
Maiden drilling delivers highly encouraging results confirming mineralisation open in all directions, with follow-up drilling set to resume in November
Diablo Resources Limited (ASX:DBO) (“Diablo” or the “Company”) is pleased to announce highly encouraging assay results from its maiden scout drill program at the 100% owned Phoenix Copper Project (“Phoenix” or the “Project”) in Utah, USA. Phoenix is located ~70km southwest of Moab, along strike... Keep Reading...
22 October
Top 5 Junior Copper Stocks on the TSXV in 2025
Junior copper stocks are seeing significant support from the copper supply-demand story in 2025 as companies work to make the next big copper discovery. Copper prices were volatile in the third quarter, driven by concerns over tariffs and a mine closure. To start the quarter, the price of copper... Keep Reading...
21 October
5 Best-performing Copper Stocks on the TSX in 2025
Copper prices have seen considerable gains in 2025, reaching a record high on the COMEX of US$5.68 per pound on July 8. Rising prices and supportive policy have elevated many copper stocks.Copper tariffs were the story surrounding the market to start the third quarter, not only pushing the price... Keep Reading...
21 October
Steadright Signs MOU for Historic Polymetallic Copper-Lead-Zinc-Silver-Gold Goundafa Mine in Morocco
Steadright Critical Minerals Inc. (CSE: SCM) (“Steadright” or the “Company”) is pleased to announce a Memorandum of Understanding (MOU) has been signed with Ste Commerciale et Minière du Sahara (CMS) that is the license holder of an historic polymetallic Zinc-Lead-Silver-Copper-Gold mine,... Keep Reading...
21 October
New VMS Licence Award at Rulikha Deposit
East Star Resources Plc (LSE:EST), which is exploring for copper and gold in Kazakhstan, is pleased to announce it has been awarded a new exploration licence - 3631-EL (the "Licence"), encompassing the remaining part of the induced-polarisation (IP) anomaly north of the Rulikha Deposit.With the... Keep Reading...
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00






