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- Miramar Resources (M2R) kicks off aircore drilling at its Whaleshark copper-gold project in Western Australia
- This initial phase of drilling will test geochemical anomalism under mobile metal ion anomalies, as well as a low-level surface gold anomaly in a “pressure shadow target”
- Miramar anticipates drilling to take four weeks to complete and the results will be used to guide deeper drilling
- Executive Chairman Allan Kelly says defining a well-developed geochemical anomaly will “greatly assist” in refining potential basement targets
- Company shares last traded at 11 cents on August 18
Mineral exploration company, Miramar Resources (M2R) has kicked off aircore drilling at its Whaleshark project in Western Australia.
The copper-gold project is situated in the Ashburton region and is characterised by a folded, banded iron formation complex, intruded by a granite under sediments.
The initial round of drilling will test for geochemical anomalism in an area where, last year, M2R identified two large copper uranium rare earth element molybdenum tungsten anomalies.
These anomlism were delineated on the eastern edge of the granite intrusion after two phases of mobile metal ion soil sampling.
Additionally, the company aims to assess a “pressure shadow target” interpreted at the southwest end of the granite where previous workers outlined a low-level surface gold anomaly.
Miramar anticipates drilling to take four weeks to complete and the results will be used to guide deeper drilling.
The company’s Executive Chairman Allan Kelly compared Whaleshark to the Ernest Henry iron-oxide-copper-gold deposit in northern Queensland, which he said has a well-developed geochemical anomaly at the unconformity between the cover sediments and the basement rocks.
Mr Kelly said if the company outlines a similar anomaly in this round of aircore drilling and is able to reduce the size of the target, it will “greatly assist” in refining potential basement targets for deeper drilling.
Company shares last traded at 11 cents on August 18.
