{"id":2830,"date":"2023-12-06T23:54:26","date_gmt":"2023-12-06T23:54:26","guid":{"rendered":"https:\/\/economicherald.net\/?p=2830"},"modified":"2023-12-06T23:54:26","modified_gmt":"2023-12-06T23:54:26","slug":"multi-commodity-potential-miramar-picks-up-a-new-copper-and-uranium-play-in-wa","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=2830","title":{"rendered":"Multi-commodity potential: Miramar picks up a new copper and uranium play in WA"},"content":{"rendered":"<p>Miramar Resources applies for exploration licences over copper and uranium prospects in Gascoyne region of WA<br \/>\nProspects in same rocks as Yangibana and Yin REE projects and historical copper-lead-silver mine<br \/>\nTenements also prospective for uranium mineralisation<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> Miramar Resources has submitted an exploration licence application over promising copper and uranium prospects in the northern Gascoyne region of WA.<\/strong><\/p>\n<p>The company is already on the hunt for iron oxide copper gold (IOCG) deposits at its prospective Whaleshark project in the Northern Carnarvon Basin.<\/p>\n<p>This new tenement application will add more multi-commodity potential to the company\u2019s portfolio, with the exploration licence covering the Durlacher Supersuite granite \u2013 host to <a href=\"https:\/\/stockhead.com.au\/company\/hastings-technology-metals-has\/\"><strong>Hastings Technology Metals\u2019 (ASX:HAS)<\/strong><\/a> Yangibana and <a href=\"https:\/\/stockhead.com.au\/company\/dreadnought-resources-dre\/\"><strong>Dreadnought<\/strong><strong> Resources<\/strong><strong>\u2019 (ASX:DRE)<\/strong><\/a> YIN rare earth elements (REE) deposits \u2013 and the historical high-grade Joy Helen copper-lead-silver mine.<strong>\u00a0<\/strong><\/p>\n<p>The ground is also along strike from Dreadnought\u2019s Mangaroon nickel-copper-PGE prospect.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/miramar-resources-m2r\/\"><strong>Miramar Resources<\/strong><strong>\u2019<\/strong><strong> (ASX:M2R)<\/strong><\/a> executive chairman Allan Kelly says the Gascoyne region provided the opportunity for the discovery of multiple commodities and deposit types.<\/p>\n<p>\u201cThis new application is prospective for base metal mineralisation hosted in sediments of the Edmund Basin, uranium and\/or REE mineralisation associated with the Durlacher Supersuite granitoid, and potentially also nickel-copper-PGE mineralisation associated with Mundine Well dolerite dykes.<\/p>\n<p>\u201cWe look forward to progressing the tenement to grant and getting out on the ground.\u201d<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><strong>Uranium, rare earths and a historical lead-copper-silver mine<\/strong><\/h2>\n<p>Notably, the exploration licence contains the \u2018Chain Pool\u2019 uranium occurrence.<\/p>\n<p>Chain Pool was first identified as being prospective for uranium mineralisation hosted within veins within the granites, similar to Namibia\u2019s Ro\u0308ssing deposit (one of the longest continually operating uranium mines in the world) in the 1970s.<\/p>\n<p>Between 2009-2011, Raisama conducted limited reconnaissance rock chip sampling and RC drilling, returning 1,898ppm from what\u2019s now known as the Chain Pool prospect.<\/p>\n<p>Only two rock chip samples, approximately 1.4km apart, were ever taken within the 5km long radiometric anomaly.<\/p>\n<p>Given the areal extent of the uranium anomalism, the similarities in geology to Yangibana, and the lack of any systematic sampling or drilling, M2R is confident the area remains prospective for uranium and\/or REE mineralisation \u2013 and potentially nickel-copper-PGE mineralisation.<\/p>\n<p>\u00a0<\/p>\n<p>Pic: Regional geology of the Northern Gascoyne region showing location of application E08\/3676. Source: M2R.<\/p>\n<p>\u00a0<\/p>\n<p>At the historical Joy Helen mine, intersections up to 1.5m at 13.7% lead and 1.6% copper have been recorded. According to WAMEX report a075044, the prospect workings include samples of 33.98% lead, 8.85% copper, and 22.95ppm silver.<\/p>\n<p>No further work was completed and the prospect has not been subjected to any modern and\/or systematic exploration, including drilling.<\/p>\n<p>Once granted, the company intends to verify the previous sampling and design a drilling campaign to test the potential of the prospect.<\/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><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/multi-commodity-potential-miramar-picks-up-a-new-copper-and-uranium-play-in-wa\/\">Multi-commodity potential: Miramar picks up a new copper and uranium play in WA<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Miramar Resources applies for exploration licences over copper and uranium prospects in Gascoyne region of WA Prospects in same rocks as Yangibana and Yin REE <a href=\"https:\/\/economicherald.net\/?p=2830\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":2831,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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