Miramar Resources’ IP survey outlines potential extension to Northern Star’s 8 Mile Dam deposit
Company says anomaly is shallower than expected
Drill testing planned after maiden Bangemall Ni-Cu-Co-PGE drilling complete
Special Report: Miramar Resources has upgraded their 8-Mile target within the Gidji JV project – a high priority gold prospect adjacent to Northern Star Resources’ 313,000oz 8 Mile Dam deposit.
Back in 2022, Miramar Resources (ASX:M2R) completed an Offset Pole-Dipole Induced Polarisation survey which highlighted a chargeability anomaly offset approximately 400m to the northeast from the 8 Mile Dam IP anomaly and beneath several aircore holes, which returned end of hole results greater than 2g/t gold.
The company has now completed another IP survey north of the 2022 survey lines.
Together, the two IP surveys have outlined an IP chargeability anomaly over a strike length of approximately 1.1km with a shallower anomaly at the northern end of the survey and beneath aircore hole GJAC288, which ended in 1.21g/t Au.
Drill testing planned this year
Miramar’s executive chairman Allan Kelly said the new IP anomaly was shallower than expected. The company is working off a theory that the 8 Mile Dam deposit currently owned by Australia’s biggest standalone gold miner continues into Miramar’s ground.
“It appears the 8 Mile Dam deposit could continue for some distance to the north but has been offset by faulting, including at the tenement boundary,” Kelly said.
“The fact that we have multiple aircore holes ending in elevated gold over the IP anomalies strengthens this theory.
“It’s also pleasing to see that the northern part of the IP anomaly is shallower than expected.”
Pic: Location of the Gidji JV project, 15kms north of Kalgoorlie-Boulder in Western Australia’s world-class Eastern Goldfields Gold Province. Source: M2R.
The company is currently preparing for the maiden drilling program at its Mount Vernon and Trouble Bore projects, part of the Bangemall Ni-Cu-Co-PGE project portfolio in WA.
Once this program has been completed, Miramar will make plans to drill test bedrock targets at Gidji with RC and/or diamond drilling, including the 8 Mile IP anomalies before the end of 2024.
“We look forward to drill testing this high priority target later in the year,” Kelly said.
This article was developed in collaboration with Miramar Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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