Miramar Resources Limited Unlocks 1300m Gold Strike at Gidji JV with Aircore Drilling, SAM Survey Breakthrough & Drill-for-Equity Initiative

Tuesday, July 15, 2025
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8:18 am
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Miramar Resources Limited posted promising exploration results from its Gidji JV Gold Project near Kalgoorlie. The latest aircore drilling and innovative SAM survey highlight extensive bedrock mineralisation, supporting the potential development of a high-value gold camp. Further drilling is planned to unlock this exciting opportunity.

Miramar Resources Limited has provided an extensive exploration update on its Gidji JV Project, situated about 15 kilometers north of Kalgoorlie-Boulder. The company, holding an 80% stake in this venture, is focused on unlocking the property’s potential as a new gold camp. Recent work has centered on a comprehensive aircore drilling program and a detailed Sub Audio Magnetic (SAM) survey designed to map mineralized bedrock structures beneath the overlying Gidji Paleochannel. The aircore drilling, totaling approximately 11,900 meters in 200 infill and extensional holes, has delineated significant gold mineralization over extensive strike lengths including roughly 1300 meters at the Highway target, which remains open to the northwest, and 1200 meters at the Blackfriars target. Notable drill results include intervals with grades exceeding 1 to 6 grams per tonne gold, with one highlight reporting 4 meters at 2.52 g/t gold (including 2 meters at 4.84 g/t), all supported by associated anomalous silver, tungsten, and sulphur readings. The SAM survey, executed with advanced geophysical equipment including a UAV and grounded transmitter dipole, has produced high-resolution datasets revealing several long conductive structures. These include a 900-meter conductor correlating with gold and elevated sulphur at Highway, an 1800-meter feature at the contact between the Boorara Shear Zone and the Black Flag Beds, and a robust 2000-meter conductor adjacent to initial high-grade gold results at the Marylebone target. The survey’s capacity to image bedrock structures beneath the overlying cover is expected to guide further drill targeting, strengthening confidence in the potential continuity of results. In addition to the significant aircore and SAM survey achievements, Miramar has ongoing RC drilling at the 8 Mile target under a drill-for-equity arrangement. The company is also preparing for an airborne magnetic and VTEM survey at its Bangemall Ni-Cu-PGE Projects and planning further soil and rock chip sampling at the high-grade Chain Pool Cu-Pb-Zn-Ag Project. Miramar’s Executive Chairman, Allan Kelly, emphasized the importance of tight drill spacing for mapping the concealed mineralization beneath the weathered cover, underscoring the potential for discovering significant new deposits in a mature gold district. Bullish sentiment is supported by the extensive intercept lengths, multiple high-grade intersections, and the integration of modern geophysical techniques with traditional drilling methods, all of which suggest the Gidji JV Project has the potential to host a series of meaningful deposits. The positive technical indicators, including pathfinder elements and clear magnetometric conductors, reinforce confidence in the exploration model. However, bearish points include the challenge posed by the stripped weathering profile and transported cover, which can obscure targets and complicate interpretation. Additionally, the inherent risks associated with interpreting early-stage exploration results and the need for further drilling to confirm resource continuity may temper short-term optimism. Overall, the announcement highlights significant progress in understanding the complex geology at Gidji, positioning Miramar Resources Limited with promising exploration prospects in a highly prospective gold region.

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