Miramar Resources

Strong EM Conductors Identified at Mount Vernon Ni-Cu-PGE Project

Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) in pleased to advise that ground electromagnetic (EM) surveys have identified additional conductors at the Company’s large 100%-owned Mount Vernon Project in the Gascoyne region of Western Australia.


  • Ground EM survey identifies more strong conductors at Mount Vernon
  • Bangemall Projects share regional, project and target-scale similarities to Norilsk
Miramar is exploring for intrusion-hosted nickel, copper and platinum group element (Ni-Cu-PGE) mineralisation related to 1070Ma aged Kulkatharra Dolerite sills, part of the Warakurna Large Igneous Province and the same age as the large Nebo-Babel Ni-Cu deposits in the West Musgraves.

Miramar’s Executive Chairman, Mr Allan Kelly, said the Company was excited about the potential district- scale opportunity at Bangemall and looked forward to progressing towards a maiden drilling campaign.

“At Mount Vernon and Trouble Bore, we are seeing all the ingredients needed for the formation of a large- scale mafic intrusion hosted Ni-Cu-PGE deposit such as Nova or Nebo-Babel,” he said.

“These types of deposits can be large and very valuable due to the mix of metals present which makes them mostly immune to short-term fluctuations in the nickel price,” he added.

Figure 1. Mount Vernon and Trouble Bore Projects showing airborne and ground EM anomalies.

Mount Vernon – Target C

Geophysical surveying contractor, Wireline Services Group, has now completed the Fixed Loop EM (FLTEM) survey over Target C, within the Mount Vernon Project, which shows a strong late-time EM anomaly where two dolerite sills are crosscut by several northeast trending faults (Figure 2).

Modelling of the data (Figure 3) indicates:

  • a large, strongly conductive (~1600S), shallow (<100m) plate dipping towards the SSE; and
  • a poorly-defined secondary anomaly located north of the main response

The Target C anomaly is covered by recent sediments and is the strongest EM conductor seen at Mount Vernon to date.

There is no previous drilling or geochemical sampling in the vicinity of this target.

The geophysical crew have now moved to Target D, the final airborne EM anomaly to be tested as part of this initial programme.

Following completion of the EM survey, Miramar plans to conduct systematic rock chip sampling and mapping at Mount Vernon, including field checking of the various airborne and ground EM anomalies.

Following this, the Company will plan for the maiden drill programme at Mount Vernon and Trouble Bore.


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
The Conversation (0)
Miramar Resources (ASX:M2R)

Miramar Resources


Keep reading...Show less

Aiming to create shareholder value through the discovery of world-class mineral deposits

High-Grade Copper-Gold Extensions at Nugent

High-Grade Copper-Gold Extensions at Nugent

Hillgrove Resources Limited (Hillgrove) (ASX:HGO) is pleased to provide the following drilling update from the Kanmantoo Copper Mine. The Nugent drilling program from the 1010 Diamond Drill Site and the 1040 Nugent Drill Site has been completed and delivered excellent results which improve the understanding of the Nugent orebody in preparation for first production. These results have increased the Gold endowment and improved knowledge of the Copper-Gold distribution.

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces Director/PDMR Shareholding

Empire Metals Limited / LON:EEE / Sector: Natural Resources - Empire Metals Limited ("Empire" or the "Company")

Director Dealing

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces Exercise of Options

Empire Metals Limited (LON:EEE)(OTCQX:EPMLF), the AIM-quoted resource exploration and development company, announces that it has received notification from employees of the Company and its operating subsidiary, in their capacity as option holders, to exercise options over 2,500,000 new ordinary shares of no par value in the share capital of the Company (the 'New Ordinary Shares') at a price of 14 pence per share and 500,000 new ordinary shares of no par value in the share capital of the Company (the 'New Ordinary Shares') at a price of 2.5 pence per share. Accordingly, the Company has today issued the New Ordinary Shares to the option holder for an aggregate cash value of £362,500.

Keep reading...Show less
Copper Quest Announces Multi-National Investor Awareness Campaign

Copper Quest Announces Multi-National Investor Awareness Campaign

Copper Quest Exploration Inc. (CSE: CQX; OTCQB: IMIMF; FRA: 3MX) ("Copper Quest" or the "Company") is pleased to announce the launch of its Investor Awareness Campaign designed to educate retail and institutional investors on Copper Quest and its portfolio of North American critical mineral projects. The Campaign will begin on or around September 15th, 2025 and run until September 1st, 2026 and includes agreements signed with Guerilla Capital, Dig Media Inc. 'dba' Investing News Network, and Departures Capital Inc.

Guerilla Capital

Keep reading...Show less
T2 Metals Secures Option to Acquire Shanghai Gold-Silver Project in Yukon's Tombstone Gold Belt and Appoints Shawn Ryan to Advisory Board

T2 Metals Secures Option to Acquire Shanghai Gold-Silver Project in Yukon's Tombstone Gold Belt and Appoints Shawn Ryan to Advisory Board

T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (WKN: A2DR6E) ("T2 Metals" or the "Company") is pleased to announce signing of an Option Agreement (the "Option") with renowned explorer Shawn Ryan ("Ryan") and Wildwood Exploration Inc. (together with Ryan, the "Optionor") to earn a 100% interest in the 27.4 sq km Shanghai gold-silver project in the Mayo Mining District, Yukon Territory, Canada. The project lies within the Tombstone Gold Belt, 12 km west of Hecla Mining's Keno Hill silver mine, and midway between the AurMac, Eagle and Raven intrusion-related deposits (see Table 1 for further information on these deposits).

The Shanghai project includes a Class 3 permit enabling drilling, road construction and installation of a camp.

Keep reading...Show less
ACG Metals Announces Commencement of Trading on the OTCQX Best Market

ACG Metals Announces Commencement of Trading on the OTCQX Best Market

ACG is pleased to announce that its ordinary shares have today qualified and will begin trading on the OTCQX Best Market, under the OTCQX ticker code "ACGAF". ACG's shares will also continue to trade on the London Stock Exchange.

The OTCQX Best Market, operated by OTC Markets Group, is the highest tier of the U.S. OTC markets and is designed for established, investor-focused companies that meet high financial and governance standards.

Keep reading...Show less

Latest Press Releases

Related News

×