{"id":12419,"date":"2024-07-18T02:12:29","date_gmt":"2024-07-18T02:12:29","guid":{"rendered":"https:\/\/economicherald.net\/?p=12419"},"modified":"2024-07-18T02:12:29","modified_gmt":"2024-07-18T02:12:29","slug":"miramar-resources-spots-5-48-copper-54-5-lead-73-48g-t-silver-at-new-gascoyne-project","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=12419","title":{"rendered":"Miramar Resources spots 5.48% copper, 54.5% lead, 73.48g\/t silver at new Gascoyne project"},"content":{"rendered":"<p>Miramar Resources reports up to 5.48% copper at new Chain Pool project in the Gascoyne<br \/>\nHistorical uranium project picked up late last year<br \/>\nCompany confident of prospectivity for copper-lead-zinc-silver mineralisation<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> Miramar Resources has reported up to 5.48% copper, 54.5% lead and 73.48g\/t silver from the initial sampling program at its new Chain Pool project in the Gascoyne of WA.<\/strong><\/p>\n<p>The company <a href=\"https:\/\/stockhead.com.au\/resources\/multi-commodity-potential-miramar-picks-up-a-new-copper-and-uranium-play-in-wa\/\"><strong>picked up Chain Pool late last year<\/strong><\/a>, a historical uranium occurrence first identified in the 1970\u2019s as similar to Namibia\u2019s Ro\u0308ssing deposit (one of the longest continually operating uranium mines in the world).<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/miramar-resources-m2r\/\"><strong>Miramar Resources (ASX:M2R)<\/strong><\/a> reckons the area remains prospective for various commodities and deposit types including uranium and\/or REE mineralisation \u2013 and potentially nickel-copper-PGE mineralisation.<\/p>\n<p>And that theory is proving correct, with results from sampling completed during an initial reconnaissance field trip to the new project\u2019s Joy Helen prospect including:<\/p>\n<p>5.49% copper, 42.0% lead and 73.48g\/t silver; and<br \/>\n5.43% copper, 36.7% lead, 36g\/t silver and 0.27% zinc.<\/p>\n<p>The Joy Helen prospect contains historic workings and costeans over a strike length of around 400m, but hasn\u2019t had any modern and\/or systematic exploration.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><strong>Joy Helen under-explored <\/strong><\/h2>\n<p>M2R executive chairman Allan Kelly said the company\u2019s Gascoyne region projects had potential for various commodities and deposit types but have been under-explored previously.<\/p>\n<p>\u201cFor example, there has not been any modern and\/or systematic exploration or drilling at the Joy Helen Prospect despite the presence of high-grade base metal mineralisation,\u201d he said.<\/p>\n<p>\u201cWe look forward to getting this tenement granted and uncovering the potential of the project.\u201d<\/p>\n<p>Once the Exploration Licence, E08\/3676, over Joy Helen is granted, the company will conduct systematic rock chip sampling and a grid soil survey to determine the potential strike extent of the mineralisation under cover.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Maiden drilling at other Gascoyne projects<\/strong><strong>\u00a0<\/strong><\/h2>\n<p>In the meantime, the company is currently focussed on preparing for the maiden drilling program at the Mount Vernon and Trouble Bore projects, part of its Bangemall nickel-copper-cobalt-platinum group elements project portfolio in the Gascoyne.<\/p>\n<p>Miramar staff have recently been on site at Mount Vernon and Trouble Bore to arrange site preparation in anticipation of commencing drilling within the current quarter.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Miramar Resources, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/miramar-resources-spots-5-48-copper-54-5-lead-73-48g-t-silver-at-new-gascoyne-project\/\">Miramar Resources spots 5.48% copper, 54.5% lead, 73.48g\/t silver at new Gascoyne project<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Miramar Resources reports up to 5.48% copper at new Chain Pool project in the Gascoyne Historical uranium project picked up late last year Company confident <a href=\"https:\/\/economicherald.net\/?p=12419\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":12420,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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