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Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to advise that geophysical contractors have commenced a fixed loop electromagnetic (FLEM) survey at the Company’s 100%-owned Mount Vernon nickel, copper and platinum group element (Ni-Cu-PGE) Project, part of the Company’s district-scale Bangemall Project in the Gascoyne region of Western Australia.
- Fixed loop EM survey at Mount Vernon to refine targets for future drill testing
- Miramar has dominant land position in potential new Ni-Cu-PGE province
Miramar believes the Bangemall Project has significant potential for Ni-Cu-PGE mineralisation related to Kulkatharra Dolerite sills, which are part of the Warakurna Large Igneous Province and the same age as the large Nebo and Babel Ni-Cu deposits in the West Musgraves.
The Company previously flew a Versatile Time Domain Electromagnetic (VTEM) survey which identified multiple late-time EM anomalies where a dolerite sill intrudes into sulphidic sediments (Figure 1).
Subsequent reconnaissance rock chip sampling identified coarse-grained sulphides (pyrite) in outcropping fine grained chill margin of the dolerite and coarser-grained gabbro at several locations.
The FLEM survey will test several high priority VTEM anomalies to refine targets for future drill testing, including the “Vernon Gap” target where a strong late-time VTEM anomaly is seen beneath sulphides in outcropping gabbro and adjacent to significant Ni and Cu results in historic sampling (Figure 2).
Figure 1. Mount Vernon Project showing dolerite sills and late-time VTEM anomalies (Z channel 45).
Figure 2. “Vernon Gap” Target showing proposed FLEM survey lines in relation to VTEM anomaly, outcropping gabbro and historic rock chip samples.
Miramar’s Executive Chairman, Mr Allan Kelly, said the Bangemall Project had the potential for a style of Ni-Cu-PGE mineralisation not previously seen in WA, and most like the giant Norilsk deposits in Siberia.
“We believe the Bangemall has the potential to be an entirely new nickel province in which we have built a commanding land position, and we look forward to continuing to uncover the potential of this very large project,” he said.
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.
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