{"id":3873,"date":"2024-01-02T00:01:34","date_gmt":"2024-01-02T00:01:34","guid":{"rendered":"https:\/\/economicherald.net\/?p=3873"},"modified":"2024-01-02T00:01:34","modified_gmt":"2024-01-02T00:01:34","slug":"miramar-may-hold-the-key-to-a-whole-new-nickel-province-with-new-exploration-licence-at-bangemall","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=3873","title":{"rendered":"Miramar may hold the key to a whole new nickel province with new exploration licence at Bangemall"},"content":{"rendered":"<p>Miramar Resources has expanded its footprint at the Bangemall project with the grant of exploration licence E52\/4301<br \/>\nM2R believes there is potential for nickel, copper and PGE mineralisation, the same age as the Nebo-Babel deposit<br \/>\nThe company plans to show \u2018proof of concept\u2019 through more discoveries either in outcrop or through drilling <\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report<\/em>: Miramar has expanded its footprint in WA\u2019s Gascoyne with the recent grant of exploration licence E52\/4301, adjacent to the high-priority Mount Vernon nickel-copper-PGE project. <\/strong><\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/miramar-resources-m2r\/\">Miramar Resources (ASX:M2R)<\/a> has several granted and pending exploration licences in the Bangemall region of WA and the Proterozoic Capricorn Orogen, host to several large gold, copper and nickel PGE deposits.<\/p>\n<p>WA\u2019s Capricorn Orogen is significantly underexplored, despite similar geology and mineral potential to the Albany-Fraser and Paterson Orogens.<\/p>\n<p>M2R has now expanded its landholding at the Bangemall project with the granting of E52\/4301.<\/p>\n<p>The explorer believes the mineralisation at Bangemall is related to Kulkatharra dolerite sills, part of the Warakurna Large Igneous Province and the same age as the 390Mt Nebo-Babel nickel-copper-PGE mine, previously owned by BHP.<\/p>\n<p>\u00a0<\/p>\n<h2>Potential new nickel province<\/h2>\n<p>According to M2R, the new \u2018Trouble Bore\u2019 project contains several of these dolerite sills, and has never been effectively explored for nickel, copper, or PGE mineralisation.<\/p>\n<p>\u00a0<\/p>\n<p>Exploration licence E52\/4301. Pic via Miramar Resources<\/p>\n<p>\u00a0<\/p>\n<p>M2R executive chairman Allan Kelly says the company is aiming to show \u2018proof of concept\u2019 at Bangemall through the discovery of nickel-copper-PGE sulphides, either in outcrop or through drilling.<\/p>\n<p>\u201cIf we are successful at Mount Vernon, it opens up the entire Bangemall region as a new nickel province, one in which we have built a commanding land position,\u201d he says.<\/p>\n<p>\u00a0<\/p>\n<h2>Previous exploration and geology<\/h2>\n<p>Previous exploration is limited and sporadic and focussed mainly on exploration for sediment-hosted copper, lead and zinc during the 1990\u2019s and early 2000\u2019s.<\/p>\n<p>More recent exploration since 2009 focussed on the search for channel iron deposits (CID) by Rio Tinto Exploration in the period 2012-2014.<\/p>\n<p>Rio Tinto flew a SkyTEM electromagnetic survey in 2013, with N-S survey lines and a relatively broad line spacing of 1000m, and subsequently drilled three RC holes within the area now covered by E52\/4301.<\/p>\n<p>The licence is mostly within the Collier Basin and straddles the contact with the older Edmund Basin sediments within the Pingandy Shelf.<\/p>\n<p>Across the southern two thirds of the tenement, the local geology is dominated by Kulkatharra Dolerite sills which intrude into sediments of the Collier Basin.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2>What\u2019s next?<\/h2>\n<p>Miramar\u2019s aim for Bangemall is to show \u2018proof of concept\u2019 of the deposit model through proposed work programs, including:<\/p>\n<p>Completion of fixed loop electromagnetic (FLEM) surveys over selected high-priority VTEM anomalies at Mount Vernon, followed by modelling and RC drill testing;<br \/>\nGround checking and sampling of SkyTEM anomalies at Trouble Bore;<br \/>\nProgressing other tenement applications to grant; and<br \/>\nIdentifying other prospective areas to peg.<\/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\/miramar-may-hold-the-key-to-a-whole-new-nickel-province-with-new-exploration-licence-at-bangemall\/\">Miramar may hold the key to a whole new nickel province with new exploration licence at Bangemall<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Miramar Resources has expanded its footprint at the Bangemall project with the grant of exploration licence E52\/4301 M2R believes there is potential for nickel, copper <a href=\"https:\/\/economicherald.net\/?p=3873\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":3874,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3873","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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