Miramar Resources Ltd identifies new nickel sulphide targets on the Gidji JV project in WA

“The new nickel sulphide targets we have identified further confirm just how underexplored the Gidji project is, not just for gold, but for other commodities as well,” said Executive Chairman Allan Kelly. .

Miramar Resources Ltd (ASX:M2R) has identified the potential for nickel sulphide mineralization at the 80% owned Gidji Joint Venture (JV) project in Western Australia’s Eastern Goldfields, where the company is exploring for gold. gold and other minerals since October 2020.

Miramar conducted a review of new and historical data on the project with an emphasis on the nickel sulphide potential.

The company identified a cluster of highly anomalous nickel and copper results where the magnetic signature was strongest in the project’s ultramafic highway, indicating that Miramar may have found the thickest part of the mineralized sequence.

The ultramafic highway of the Gidji Project is adjacent to the Scotia Basalt, which forms the footwall sequence of nickel sulphide mineralization at Auroch Minerals Ltd’s (ASX: AOU) Saints nickel deposit further north.

Double exposure to gold and nickel

Miramar Resources executive chairman Allan Kelly said the company is excited about the potential for nickel sulphide mineralization at Gidji alongside the many gold targets currently being explored.

“It is well known that gold and nickel mineralization are in close proximity in many places in the Eastern Goldfields region,” Kelly said.

“Although the ultramafic highway hosts nickel sulphide deposits in at least two locations along the Boorara/Bardoc shear tectonic zone, there has been little targeted nickel exploration at Gidji.

“The new nickel sulphide targets we have identified confirm once again how underexplored the Gidji project is, not only for gold, but also for other commodities.”

Provisional plan

Like the rest of the mining industry, Miramar is awaiting a significant number of assay results, including multi-element data, from the December 2021 air drill program and recent reverse circulation (RC) drilling.

There was a lack of multi-element data on most of the project until its recent drilling, with the 4 kilometer long magnetic anomaly beneath Lake Gidji remaining poorly tested.

Miramar will test nickel sulphide mineralization in an upcoming Boorara North air core program, while assay results will inform an EM survey on one or more of the nickel sulphide targets once they are found. will be returned.

At the Bangemall Nickel-Copper-Platinum Group (PGE) Element Projects, Miramar is still awaiting EM survey data from the Mt Vernon prospect, but is already planning to undertake a series of soil and chip sampling programs of rock on the main EM anomalies once the data has been received and modeled.

About Miramar Resources

Miramar Resources is a mining exploration company with very promising exploration projects in the Eastern Goldfields, Murchison and Gascoyne areas of WA.

The company, which listed on the ASX in October 2020 following a heavily oversubscribed $8 million IPO, has three under-explored gold projects near Kalgoorlie – Gidji JV, Glandore and Randalls.

Miramar also has two projects in the Murchison in underexplored greenstone belts – Lang Well and Lakeside – and two in the Gascoyne area – Whaleshark and Bangemall – all potential for nickel-copper-platinum group elements and/or gold.

Miramar’s board of directors has a proven track record of discovery, development and production in Australia, Africa and North America.