Miramar Resources Limited announced a significant high-grade gold discovery from its first reverse circulation (RC) drill hole at the 8 Mile target within the Gidji joint venture project, located approximately 15 kilometers north of Kalgoorlie. The drilling program intersected a wide zone of gold mineralisation that began with 18 meters averaging 0.94 g/t gold – including intervals with as high as 6.04 g/t – and continued with further mineralisation at the hole’s termination. This discovery reinforces the link between the induced polarisation (IP) anomaly on the tenement boundary and sulphide-rich gold mineralisation similar to that seen in the adjacent 8-Mile Dam deposit. Technical details from the drill hole GJRC029 reveal that although the drill deviated by approximately 75 meters north of the planned target, the unexpected extension has increased the potential gold strike length on company tenements by over 100 meters. Visual logging, handheld XRF measurements, and magnetic susceptibility tests indicate that the best mineralisation is associated with significant sulphide presence and elevated arsenic levels. Notably, samples from the bottom 56 meters of the hole are already in priority fire assay at Bureau Veritas in Kalgoorlie, with further assay results expected within two to three weeks. These promising early results were obtained from a thick section of the steep, westerly dipping 8 Mile mafic unit, marked by widespread sulphide mineralisation that mirrors the signature seen at the neighbouring deposit. The company’s announcement also highlighted additional exploration activities across its portfolio. Preparations are underway for an airborne magnetic and VTEM survey at the Bangemall Ni-Cu-PGE Projects, while field sampling is planned for the high-grade Chain Pool Cu-Pb-Zn-Ag Project. Furthermore, the Western Australia Department of Mines, Petroleum and Exploration has extended the main Gidji joint venture tenement until March 2030, ensuring sustained exploration activity in the region. Investors may view this news with a bullish perspective given the clear association of the IP anomaly with significant gold grades and the extension of the mineralised strike beyond previous boundaries. The breakthrough not only underscores potential for a sizable new gold discovery but also strengthens confidence in the company’s exploration strategy, as demonstrated by the robust technical data and strategic regional positioning. Conversely, some caution is warranted as the drill deviation from the intended target highlights inherent exploration risks, and further assay results are pending. Should the subsequent assays confirm these initial findings, the project may attract considerable interest, while delays or lower-than-expected results could temper near-term enthusiasm among traders.