Miramar snags coveted ground next to high-grade targets at emerging Glandore project

Explorers greedily eyeing a piece of highly-coveted exploration ground in the Goldfields will have to cry into their cereal as Miramar Resources locked up a key exploration licence, right next to its emerging Glandore discovery.

Miramar Resources (ASX:M2R) proved the early bird that got the worm as it emerged as ‘first in time’ for a recently released exploration release area immediately next to its Glandore project.

The new licence, E25/611, is located right along strike from the Glandore West and Glandore East targets, where historic diamond drilling have returned some stellar results like 4m at 44.3g/t.

Getting in quick

The newly acquired patch of dirt is located on salt lake country, around 40km east of Kalgoorlie and once sat idle in the portfolio of global supermajor AngloGold Ashanti.

Miramar has wasted little time since its 2020 listing to shine a spotlight on the project’s large-scale potential, with drilling outlining over 2km of strike and bearing similarities to some of the region’s big gold deposits like Silver Lake Resources’ 500,000oz Majestic.

“Our drilling to date has highlighted northeast trending gold mineralisation over about 2 kilometres of strike, similar to that seen at the nearby Majestic and Trojan gold deposits” Miramar MD Allan Kelly says.

“The new tenement application covers similar geology along strike from the historic high-grade diamond drilling results at Glandore East, so was an obvious piece of ground for us to pursue.”

Miramar is currently waiting on the availability of a suitable drill rig to complete a planned diamond drilling program at the high priority Glandore East target.

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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