Miramar Resources Limited has announced positive initial assay results from its ongoing aircore drilling campaign at the Gidji JV Project. These results include several significant gold hits that reinforce the project’s potential for continued exploration success.
Project Overview
The Gidji JV Project, which is 80% owned by Miramar, is strategically located approximately 15 kilometers north of Kalgoorlie, one of Australia’s most well-known gold mining districts. The project area is surrounded by several major gold mining and processing operations, including Northern Star Resources Limited’s Kalgoorlie gold operations. This location places the Gidji Project in a favorable geological setting, providing access to infrastructure and potential for further resource discoveries.
Key Findings and Exploration Progress
Miramar’s Executive Chairman, Mr. Allan Kelly, highlighted that the initial results from the current drilling campaign have confirmed and extended the significant supergene gold footprint discovered in previous drilling efforts. These new results expand the footprint of the high-priority Blackfriars target, which has several geological similarities to the multi-million-ounce Paddington gold deposit located to the north. Notably, Blackfriars is situated at the contact zone between the Boorara Shear Zone and the Black Flag Beds, which further strengthens its potential for hosting substantial gold mineralization.
This drilling program marks the first systematic exploration at Gidji in almost three years. During this hiatus, the price of gold in Australian dollars has risen from around $2,500 per ounce to over $5,000 per ounce, which has increased the economic viability of the project. With the current price of gold at strong levels, the renewed focus on drilling at Gidji comes at a promising time.
Drilling Program and Next Steps
The ongoing drilling program comprises around 180 aircore holes aimed at refining bedrock drill targets beneath the transported paleochannel sediments. Previous drilling has outlined a broad area of flat-lying supergene gold, despite the relatively thin weathering profile in the Gidji Paleochannel.
Drilling commenced prior to the Easter break but was temporarily suspended due to heavy rainfall. Operations resumed on May 6, 2025, and the company plans to continue its systematic exploration to further evaluate the gold potential beneath the surface.
Looking Ahead
The encouraging results from the initial assays are expected to drive further interest in the Gidji JV Project as the company continues to refine its exploration strategy. The extension of the high-priority Blackfriars target, combined with the rising gold price, bodes well for the project’s future exploration and potential resource development. Investors and stakeholders will be closely watching future results as Miramar progresses with its drilling efforts at Gidji.
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