Miramar Resouces

Quarterly Activities Report Ending 30 September 2023

Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to provide a summary of activities completed during the Quarter ending 30 September 2023.


Highlights

  • Initial EIS co-funded diamond drilling at Whaleshark intersects copper sulphide mineralisation and IOCG pathfinders
  • POW approved for drill testing at Mt Vernon Ni-Cu-PGE project
  • Lithium potential identified at Randalls
  • $1.7 million Capital Raising completed

During the Quarter, the Company focused on completion of the first diamond drilling campaign at the Whaleshark IOCG Project in the Ashburton region of WA.

GASCOYNE REGION PROJECTS

Miramar has two projects within the Proterozoic Capricorn Orogen of WA comprising several granted and pending Exploration Licenses.

Whaleshark IOCG Project

The Whaleshark Project is located approximately 40km east of Onslow, in the Ashburton region of Western Australia, and is characterised by a large folded Proterozoic banded iron formation and granite complex under approximately 100m of Cretaceous Carnarvon Basin sediments (Figure 2).

The Company believes there is potential for discovery of a large IOCG deposit at Whaleshark.

Figure 2. Whaleshark magnetic image showing targets in the neck of the granite.

During the Quarter, Miramar completed an initial 3-hole diamond drilling campaign that was co-funded under the WA government’s “Exploration Incentive Scheme” (EIS).

The drilling targeted a discrete gravity anomaly within the Whaleshark granite which is crosscut by a NW- trending structure and located beneath coincident MMI soil anomalism and strongly anomalous “interface” aircore results up to 435ppm Cu, 889ppm Co and 7.7g/t Ag.

WSDD001 targeted the southern part of the gravity anomaly, whilst WSDD002 and WSDD003 targeted the 4 km long NW-trending structure itself (Figure 3).


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.

M2R:AU
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